ISLAMABAD: Pakistan’s IT sector has the potential to grow as the launch of 5G can give rise to new business models, despite economic challenges, according to Dell Technologies.
The past few rounds of currency depreciation had a significant impact on the overall economy, particularly imported goods. Prices of Dell Technologies’ products have also gone up around 40% since December 2017.
Despite these developments, Dell Technologies Asia Emerging Markets & South Asia Consumer Business Vice President Anothai Wettayakorn saw market potential for IT products in the country.
He was of the view that economic hurdles were a common occurrence in many countries and was hopeful that Pakistan’s economy would grow in the future, which would provide opportunities for the IT sector as well.
Responding to media questions, he said 5G was far more than just a telecom play for Dell Technologies. “We believe it will deliver massive transformational changes across all businesses and society.”
He added that the fifth generation technology would spawn new business models that would see billions of devices consuming and generating data like never before.
Talking about the political and security environment for foreign investors, he said Dell Technologies already had a presence in Pakistan and was working with partners to provide services.
He said, “The environment is good for foreign investors in the IT sector,” adding that Pakistan was a big market.
Published in The Express Tribune, October 29th, 2019.