Digital Pakistan 2022: Broadband Penetration Soars to 90% of 15+ Population
The year 2022 was a very rough year for Pakistan. The nation was hit by devastating floods that badly affected tens of millions of people. Macroeconomic indicators took a nose dive as political instability reached new heights. In the middle of such bad news, Pakistan saw installation of thousands of kilometers of new fiber optic cable, inauguration of a new high bandwidth PEACE submarine cable connecting Karachi with Africa and Europe, and millions of new broadband subscriptions. Broadband penetration among 140 million (59% of 236 million population) Pakistanis in the15-64 years age group reached almost 90%. This new digital infrastructure helped grow technology adoption in the country. Internet and Mobile Phone Banking Growth in 2021-22. Source: State Bank of Pakistan Fintech: Mobile phone banking and internet banking grew by 141.1% to Rs. 11.9 trillion while Internet banking jumped 81.1% to reach Rs10.2 trillion. E-commerce tra...