Deregulation As Pakistan has embarked on the process of creating competitive markets and eliminating direct or implicit consumer and producer subsidies, a number of steps have been taken to deregulate prices and trading in various sectors. The most far-reaching reform has taken place in the oil and gas sector.
Digitalization of financial services is a new name for this development. But undoubtedly the new name also reflects significant turns in recent developments, which have opened entirely new avenues. A central phenomenon is that digitalization of information has recently been spreading to almost all areas of human activity. One result of that is the availability of ‘Big Data’, to use the well-known catchword.