Amir Saeed

Pakistan’s IT sector is facing a spectrum crisis that is causing a significant decline in foreign investment and hampering the tech sector's growth, reports WealthPK. The spectrum shortage has degraded data service quality, making it impossible for telecom operators to meet rising demand. Dr. Jordanka Tomkova, an IT and digitization expert and consultant at the World Bank, told WealthPK that the spectrum crisis is deterring international investors from Pakistan's technology sector. The lack of reliable, high-speed internet connectivity has made it difficult for companies to operate successfully, leading to decreased investment, she explained. Dr. Tomkova highlighted the tremendous potential of Pakistan's tech industry, noting that many startups have gained global recognition in recent years. However, the spectrum issue threatens to stymie this growth as companies struggle to obtain necessary resources.

Despite these challenges, Dr. Tomkova pointed out that Pakistan's technology industry remains optimistic, with numerous companies developing innovative solutions to the spectrum constraint. However, long-term solutions are required to ensure sustained growth. She suggested that the government collaborate with stakeholders to address the spectrum dilemma, including providing additional spectrum and fostering an investment-friendly climate. Only then can Pakistan's technology industry realize its full potential. Executive Director of SDPI Dr. Abid Qaiyum Suleri told WealthPK that the spectrum dilemma has also hindered the country's digital transformation efforts, delaying numerous projects due to unreliable internet connectivity. This has resulted in lost opportunities for economic growth and development.

Dr. Suleri emphasized that the government must prioritize spectrum allocation to support the tech industry's growth. This includes allocating additional spectrum for 5G services, enabling faster data speeds and supporting emerging technologies. Furthermore, the government should create a conducive environment for investment by simplifying regulatory processes and providing incentives for investors. This will help attract foreign investment and support the tech sector's growth. He concluded that addressing the spectrum dilemma would allow the country to realize its digital potential and drive economic growth and prosperity. The time to act is now, and all stakeholders must work together to promote the growth of this essential sector.

Credit: INP-WealthPk