Role Of Technology In The Economic Development Of Pakistan

By Author: alisha.imran021
Total Articles: 1
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There is no denying the fact that Pakistan is still struggling to make its mark economically in the world. It needs all the right resources and capital to improve the condition of the country and bring it at par with other established nations of the world.

In today’s world, technology actually plays a pivotal role in improving the economic situation of the country and bringing about the desired change in the way people live. Currently, Pakistan is enjoying the following economic benefits with whatever little technology it has.

Increasing the Productivity of Labor
The advancement in technology helps the labor in performing better and generating more productivity within a given period of time. No matter if it is agriculture or industry, the labor force always benefits with the technological equipment.

Improving the Standard of Living
The standard of living is improved through better facilities and increased per capita income. Technology can help in providing both of them which will ultimately lead to the better lifestyle of the people of the country.

Stronger Infrastructure
Technology ...
... itself is a very significant component of the infrastructure, therefore, using it can actually tend to improve it. The new world has seen older methods and resources being replaced with the new ones. The computer has provided immense ease and more of the environmentally friendly methods are being adopted.

Resources not Wasted
The wastages which are otherwise experienced in the process of production can easily be minimized with the help of technology. Same input can bring about more output.

Minimizing the Costs
There are a lot of costs involved in the production process which can easily be minimized with the use of technology. The cost control automatically causes an increase in the per capita income.
Enhancement in Quality
By using latest technology and machinery, the quality of the products can easily be increased. For example, in the textile industry, the high-quality cloth can be improved if the latest and the aptest technology is used in this regard.

Overcoming the Vicious Circle of Poverty
In Pakistan, there are numerous people who live below the poverty line. Such people can be provided with better facilities and a good lifestyle with the help of technology.
Output is Increased
The increased productivity definitely means that the production of the output will increase and thus, the national income of the country will rise. All this follows which is directed towards the betterment of the country and its nationals.

It is imperative for the nation to keep itself updated with all the latest technological news Pakistan and innovations. One such website which can help them in keeping a track of the newest developments in the field along with providing a know-how on various technologies is Techrave.

With a user-friendly interface, this website is definitely your answer to all the technological queries and will provide you with all the latest information in the best possible manner.
So, the next time you want to know what is happening in the technological world and how does it benefit Pakistan, Techrave should be your ultimate stop.