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Importance of Technology in Understanding Pakistan’s Economy

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Importance of Technology for Understanding Pakistan's Economy

Policy makers in Pakistan don’t have sufficient statistics about the state of the economy which could become the foundation of good policy making. We have only rough notion about the magnitude of the economy and its structure; about the dispersal of the national product amongst the country’s executive units; about the size of the population and how it is spread through the country and so on. Improving the database has become hard for the purpose that politics stand in the way for generating precise figure.

Importance of Technology in Understanding Pakistan’s Economy

Today, Pakistan is much more urbanized as stated by the government. A census would disclose that more than 50 percent of the population now lives in the country’s cities and towns.

Creating economic and social data is a job that requires institutions and assets which Pakistan does not have. Though the production of small enterprises is based on a total of assumptions which requisite to be upgraded with time and experience.

One technique which will be helpful in improving the statistical base of economic and social policy making is to have faith in new technologies. New technologies and new methods of collecting records can do more than mapping of poverty.

Satellite pictures deliver a level of geographic specificity that national accounts cannot. In rural regions we can witness crops in the ground, permitting not only to asses harvest size but also the design of reaping. In this way we can dispense the pictorial and subjective readings offered by patwaris.

A number of inventive methods have been developed to collect statistics and information related to people using mobile phones. Such technologies should be used to increase the range and depth of information policy makers requisite to mark intellectual decision making.