AI is set to revolutionize Pakistan’s economy, with the potential to contribute $10-20 billion by 2030, according to Dr. Sohail Munir, advisor to the Saudi Data and AI Authority (SDAIA).
Speaking at the AI Convergence Summit Pakistan, Dr. Munir highlighted the significant impact AI can have on various sectors, including IT, finance, and healthcare. He emphasized the need for Pakistan to embrace AI and leverage its potential to drive economic growth and improve people’s lives.
Ahmed Hashim, CEO of Cygnis, noted that AI is already making a substantial impact on Pakistan’s IT exports, with around 30% of the country’s IT exports being AI-based. He expressed optimism about the future of AI in Pakistan and highlighted the importance of fostering innovation and collaboration to fully realize its potential.
However, challenges remain in the adoption of AI in Pakistan. One major hurdle is the lack of awareness and understanding of AI among businesses and policymakers. Additionally, the country faces a shortage of skilled AI professionals, which can hinder the development and deployment of AI solutions.
To overcome these challenges, it is crucial to invest in AI education and training programs, promote research and development, and create a supportive regulatory environment. By doing so, Pakistan can position itself as a leader in AI innovation and reap the benefits of this transformative technology.
