Pakistan, July 16 -- Pakistan's ambitious digital transformation agenda has the potential to redefine its economic and social trajectory, according to a recent report by the Asian Development Bank (ADB).

"By harnessing digital technologies, the government can drive sustainable economic growth, increase the tax-to-gross domestic product (GDP) ratio, grow exports, boost foreign direct investment, enhance social services, and improve governance, all while reducing costs and increasing efficiency," the report "Pakistan's Digital Ecosystem A Diagnostic Report" says.

The ADB emphasizes that Pakistan can bypass traditional stages of socioeconomic development by fully leveraging digital innovations. These technologies, it notes, are key to boos...