Service Sector
Scope and Importance
The service sector is Pakistan’s largest sector, encompassing finance, telecommunications, IT, healthcare, hospitality, and education. It accounts for more than half of the GDP and is essential for employment, innovation, and economic diversification.
Technology-Driven Transformation
Digital services like mobile banking, fintech solutions, e-health, and online education are transforming the sector. The IT industry, particularly, has gained international recognition, with Pakistani software and service exports increasing significantly.
Employment and Economic Role
As a major employment provider, the service sector supports urban economies and contributes to the development of skilled human capital. This sector is instrumental in urban centers, where demand for specialized services continues to rise.
Future Prospects
With ongoing digital transformation and an expanding tech-savvy population, the service sector is poised for further growth. Investment in training and skill development will be key to sustaining this expansion and enhancing the sector’s global competitiveness.
