The ongoing internet disruption in Pakistan has raised concerns among foreign investors, who warn that it could have far-reaching consequences for the country’s economy. The Overseas Investors Chamber of Commerce and Industry (OICCI) has expressed worries that these disruptions could stifle innovation, derail economic progress, and severely impact foreign direct investment (FDI).
Pakistan’s economy is already struggling, and the need for investment to achieve economic revival is dire. However, the ongoing internet disruption is likely to deter investors, who require a stable and reliable digital infrastructure to operate effectively. The OICCI has cautioned that such disruptions “could derail Pakistan’s economic progress, stifle innovation, and severely impact the prospects for much-needed FDI—a vital component for the nation’s economic revival”.
The National Assembly’s Standing Committee on IT has also taken notice of the issue and sought an explanation from Chairman of the Pakistan Telecommunication Authority (PTA), Hafiz Rehman, regarding the ongoing nationwide social media disruption. This move is a step in the right direction, as it acknowledges the severity of the issue and the need for immediate attention.
The internet disruption is not only affecting businesses but also the general public, who rely on the internet for various purposes, including education, healthcare, and communication. The prolonged disruption is likely to have a severe impact on the country’s productivity and competitiveness.
The government must take immediate action to address the issue and ensure that the internet services are restored. It is essential to create a stable and reliable digital infrastructure to attract investment and promote economic growth.
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