Islamabad – A recent report by the International Monetary Fund (IMF) has predicted that artificial intelligence (AI) will profoundly impact around 40% of jobs in Pakistan.
IMF Managing Director Kristalina Georgieva expressed concerns that unchecked deployment of AI could worsen inequality in the country. She warned that benefits of AI will likely accrue more to the rich and educated segments of society.
Experts estimate AI could automate 60% of jobs in advanced countries but only 26% in low-income nations like Pakistan. While AI can boost productivity, it may also make certain human jobs redundant leading to job losses and wage decline.
Ms. Georgieva urged the government to take preemptive policy action to counteract this trend. She advocated for public investment in digital infrastructure and training programs, especially for low-skilled workers at high risk of displacement.
Proactive policies for AI governance are crucial to harness its benefits while mitigating socioeconomic risks, experts emphasize. With strategic foresight and planning, Pakistan can leverage AI to uplift its economy and workforce.