Pakistan gearing Up for 5G: Speed boost, jobs boom, & economic leap await
ISLAMABAD (PEN) : In a groundbreaking move towards technological advancement, Pakistan is set to revolutionize its digital landscape through the much-anticipated 5G spectrum auction.
The auction, expected to enhance internet speeds by a staggering 20 times, is poised to bring about transformative changes in connectivity, employment, and economic growth.
The 5G trial in Pakistan has already showcased remarkable results, with download speeds reaching a remarkable 1.685 Gigabytes Per Second.
This monumental leap is predicted to catapult Pakistan from its current standing of 90th out of 120 countries in the Internet Index 2021 by the Economist Intelligence Unit, into a new era of enhanced connectivity.
Beyond the speed enhancements, the 5G spectrum auction is expected to open doors to a multitude of employment opportunities.
The government’s collaboration with the Special Investment Facilitation Council (SIFC) has paved the way for the auction, with an initial bid set at $1 billion. This initiative is anticipated not only to boost the country’s economic standing but also to catalyze advancements in technology.
Economic stimulus through 5G networks
The economic implications of the 5G spectrum auction are profound. The introduction of 5G networks is poised to significantly contribute to key sectors such as healthcare, education, and agriculture.
According to a report by Ericsson, the potential increase in mobile broadband subscribers per country could range from 1 to 10 billion dollars, showcasing the immense economic potential of this technological leap.
Farmers stand to benefit significantly from the increased connectivity, as the 5G networks will enable them to monitor and control their crops and livestock remotely. This innovation promises to enhance efficiency and productivity in the agricultural sector, contributing to the overall economic upliftment.
The financial gains from the 5G spectrum auction are projected to be substantial, with the government expected to earn billions of dollars. This infusion of funds is anticipated to play a pivotal role in bolstering the country’s economy and supporting future technological initiatives.