Pakistan Economy Need High End Tech
Ailing Pakistani economy has been great concern for everyone. The pressure of FATF, corruption and money laundering, minimum tax payers and inept exports every thing contributing. The immediate challenge is balance of payment and repayment of foreign loans for the new Government of Prime Minister Imran Khan.
PM Khan started off with austerity drive, cutting off discretionary fund of PM and MNAs. According to Government official it is about PKR 80 billion rupees. Not bad to start with, plus monthly expenditure of Prime Minister House which is approximately 2 billion rupees per year.
It all sounds great for a new Government in its initial 20 odd days start.
However, the Government has huge ask to address the corruption, money laundering, expanding tax payers these issues cannot be controlled on the existing out of date systems in place.
The Government has to implement latest technology to counter these issues. The developed and developing countries are implementing Business Intelligence, data warehousing, ETL to keep track of necessary data in real time and with complete audit trail. This also minimizes the human involvement, their judgmental errors and possibility of manipulation.
The NADRA data is in place and achieved a satisfactory level of reliability. NADRA data should be utilized in centralized data connectivity with State Bank of Pakistan, Foreign Exchange Companies trading record, Banks data, sale/purchase transfer of properties data etc.
This data with the help of analytical tools the relevant Government departments should be able to see the trends, analysis, summaries of the data on their dashboards.
Technology implementation does not requirement long terms neither their results will take time to show the results expected.
The main concern will be choosing the right technology consultants, implementation teams. The timelines should be realistic and monitored with project management application to keep the projects within desired cost and timeline.
Very high levels of transparency can be achieved with new systems based on latest technology will enhance the public and world trust level.
