Pakistan Telecom industry aims to accelerate socio-economic development, particularly in improving digital and financial inclusion by providing a high quality of life for all its citizens.
Through Vision 2025 strategy, Pakistan aims to complete its transition to a knowledge-based economy, creating a globally competitive and prosperous country that provides a high quality of life for all.
The telecom users in Pakistan will enjoy seamless connectivity with over 30 times more speed than the current 4G technology as the world's fastest and most technologically advanced fifth generation (5G) internet technology is poised to enter the marketin the next few years.
Slated for launch in 2020, the 5G technology will offer data speeds of up to 1 gigabyte (GB) per second and during trial as high as 10GB per second. While mobile data consumption across the world may be rising, the advent of 5G will transform the possibilities of what smartphones and other mobile devices are capable of achieving.
The next generation technology will use the 'millimetre wave' radio spectrum.
Higher frequencies, like this, are capable of carrying a significant amount of data, although more research is needed before this technology hits the market in 2020.
It is still not certain which countries will take the lead in launching the 5G technology, however, experts say South Korea and China are expected to be on the front followed by Japan and the United States.
While 5G will be an extension of 3G and 4G, it is expected to be dramatically different. 5G will be incredibly fast, in fact a lot faster than the existing technologies, but this is only one side of the story.
5G also has the potential to open up new avenues for integrated smart cities, self-driving cars, star wars-inspired hologram phones and even autonomous drones. According to a report of the World Bank, a 10% increase in high-speed internet connections leads to a rise of 1.3% in economic growth.
This means that by connecting 327 million people around the world with high-speed internet, the global gross domestic product (total size of the world economy) can be boosted by $1 trillion. For developing countries like Pakistan, such endeavours can positively contribute to ensuring sustainable and inclusive growth and might be Pakistan's best bet towards poverty reduction and increased productivity.
The million-dollar question remains, "Will developing countries, like Pakistan, leapfrog ahead or be left behind, as the world is attempting to enter the fourth industrial revolution?"
Source: https://www.urdupoint.com/en/pakistan/telecom-industry-to-improve-digital-and-finan-295415.html
