KARACHI: Riding the strong digital wave, Pakistani players are gearing up to enhance the country’s participation in the $200 billion global esports industry, local stakeholders say.
With an aggressive growth globally, esports has evolved into a huge industry, with participants earning millions of dollars through various online events and tournaments. Some of the famous egames include Counter-Strike 1.6 and its versions, League of Legends, Overwatch, Fortnite, PlayerUnknown’s Battlegrounds (PUBG), Defense of the Ancient (DOTA) and Hearthstone – Heroes of Warcraft.
The size of the global games market was estimated at $175.88 billion in 2021 that is forecasted to grow with a compound annual growth rate (CAGR) of 8.7 percent to reach $218.7 billion in 2024, passing the coveted $200 billion threshold in 2023, according to the 2021 global games market report issued by Newzoo, a Netherlands-based firm that provides games market insights and analytics.
In Pakistan, revenue generation through video game segment is projected to hit $208.70 million mark in 2022, according to Statista, a US-based statistical data provider. It is expected to show a growth of 2.17 percent, resulting in a projected market volume of $227.40 million by 2026.
“Pakistan is a huge market for esports and the 11th largest market for esports earnings in the world,” Moazzam Kamran, business transformation director at REDtone Digital Services that offers esports services through GameRED, told Arab News in an interview on Saturday.
“Pakistani players are making it to the top in the world of esports like Tekken 7 World champion Arslan Ash (Arslan Siddiquie) and many other players. Our purpose is to uplift the domestic talent at the global level through multiple grassroot-level tournaments with the support of Pakistan’s strong digital landscape.”
With around 65 percent young population, 116 million broadband and 113 million 3G/4G subscribers, Pakistan offers a huge market for online gaming.
“We see investment coming in many startups in Pakistan. We have a good mix of young audience as 65-70 percent of our population is youth under the age of 35 and that is a huge market for esports that needs to be tapped,” Kamran said.
Esports in Pakistan is developing a complete ecosystem that offers employment opportunities to Pakistan’s tech-savvy young generation.
“ESports is a complete ecosystem and it is an aggressively growing industry with players, graphic developers and gaming asset producers at software houses, and caster or commentators comprising both girls and boys,” Kamran said. “It has now evolved to organize multimillion dollar tournaments in Pakistan and is providing opportunities to young players to earn in millions of rupees.”
Pakistan esports stakeholders say with increasing penetration of mobile Internet, the number of esports players and participants would multiply in Pakistan.
“Esports in Pakistan is aggressively growing in the backdrop of Digital Pakistan initiative. We have public and private sector support to promote egaming in Pakistan,” Kamran said further. “We expect that those who play casual sports will gradually come to the professional esports.”
Launched by the former Imran Khan government in 2018, the Digital Pakistan initiative aims to promote connectivity, improve digital infrastructure, increase investment in digital skills, promote innovation and technology-based entrepreneurship.
To a question about the implications of video gaming, including the violent content, the REDtone chief said only “through responsible play” negative impacts of egaming could be avoided.
In Pakistan, the number of users in the video games segment is expected to increase to 50.9 million by 2026, while the user penetration will be 16 percent in 2022 and is expected to hit 20.6 percent by 2026, according to Statista and Newzoo.
Internationally, the number of players will pass the 3-billion mark in 2022 and continue to grow at 5.6 percent to 3.3 billion by 2024.
Pakistan gearing up to increase penetration in multibillion global esports industry — stakeholders
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Pakistan gearing up to increase penetration in multibillion global esports industry — stakeholders
- Pakistan is 11th largest market in terms of esports earnings due to increased digitalization and Internet penetration
- Industry is developing a complete ecosystem that offers employment opportunities to tech-savvy youth, expert says
33 killed, 46 injured in recent torrential rains in northwest Pakistan
- Pakistan has received heavy rains in last three weeks that have triggered landslides, flash floods in several areas
- Authorities have warned of another spell of heavy rains in the Khyber Pakhtunkhwa province from April 17 till April 21
ISLAMABAD: At least 33 people have been killed and another 46 injured in various rain-related incidents in Pakistan’s northwestern Khyber Pakhtunkhwa (KP) province in the last six days, the Provincial Disaster Management Authority (PDMA) said on Thursday.
The rains that began last Friday have completely destroyed 336 houses and partially damaged another 1,606 in different districts across the province, according to the PDMA.
The incidents occurred in Khyber, Upper and Lower Dir, Upper and Lower Chitral, Swat, Bajaur, Shangla, Karak, Tank, Mardan, Peshawar, Charsadda, Hangu, Battagram, Dera Ismail Khan and other districts.
“The deceased include 17 children, eight men, eight women, while the injured included 32 men, six women and eight children,” the PDMA said in its daily situation report on Thursday.
On Wednesday, the authority warned of another spell of heavy rains in the province from April 17 till April 21, which could trigger landslides and flash floods.
“The district administrations should take proactive and immediate measures before the second spell of the rains begins … and ensure the availability of small and large machinery,” it added.
The PDMA said it had issued Rs50 million to the administration of 12 affected districts for financial assistance to families of those who lost their lives in the recent rains.
“Rs80.1 million have been released by the PDMA since March 29 to the administration of various districts to deal with the emergency situation,” the authority added.
Pakistan has received heavy rains in the last three weeks that have triggered landslides and flash floods in several parts of the South Asian country.
The eastern province of Punjab has reported 21 lighting- and roof collapse-related deaths, while Balochistan, in the country’s southwest, reported 10 deaths as authorities declared a state of emergency following flash floods.
In 2022, downpours swelled rivers and at one point flooded a third of Pakistan, killing 1,739 people. The floods also caused $30 billion in damages, from which Pakistan is still trying to rebuild. Balochistan saw rainfall at 590 percent above average that year, while Karachi saw 726 percent more rainfall than usual.
Pakistan’s Lahore hosts 24th edition of Asian Forum’s tech innovation event
- The three-day exhibition is set to fetch nearly $500 million investment from a dozen countries
- These companies participating in the expo include Microsoft, Inbox, Lenovo, HP, NetSol and Dell
ISLAMABAD: Pakistan’s eastern city of Lahore is set to host the 24th edition of Asian Forum’s Information Technology Commerce Network (ITCN) today, on Thursday, Pakistani state media reported.
State Minister for Information Technology Shaza Fatima will be the chief guest, while Digital Cooperation Organization (DCO) Secretary-General Deemah Al-Yahya will be guest of honor on the opening day of summit at Lahore’s Expo Center.
The main sessions include Artificial Intelligence Summit, Global Security Symposium, Gaming and Scholars Roundtable, Investor Summit, Freelancer Summit, Made in Pakistan Roundtable Conference, the state-run Radio Pakistan broadcaster reported.
“In this edition, a delegation of international investors belonging to twelve counties will participate along with an investment of five hundred million dollars,” the report read.
“Over seven hundred stalls will be established and renowned international and national technology companies will participate in this event.”
These companies include Microsoft, Inbox, Red Hat, TP-Link, Lenovo, HP, NetSol, Abacus and Dell, according to the report.
The event is being jointly supported by the Pakistani Ministry of Information Technology and Telecommunication, Pakistan Telecommunication Authority, Special Investment Facilitation Council (SIFC), Pakistan Software Export Board and Pakistan Software Houses Association.
Pakistan wants to re-engage with Middle Eastern banks to boost investment — finance minister
- Statement came during Mohammad Aurangzeb’s meeting with his Emirati counterpart on sidelines of his US visit
- The Pakistani finance minister briefed about priority areas of taxation, energy and privatization of state entities
ISLAMABAD: Finance Minister Muhammad Aurangzeb on Wednesday met with his Emirati counterpart and expressed his country’s desire to re-engage with Middle Eastern banks to boost investment in Pakistan, the Pakistani finance ministry said.
Aurangzeb’s meeting with UAE’s Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini came on the sidelines of his visit to the United States to meet International Monetary Fund (IMF) and World Bank officials.
The Pakistani foreign minister acknowledged long-standing brotherly ties between Pakistan and the United Arab Emirates (UAE) and appreciated the Gulf country’s support to help Pakistan deal with its economic challenges.
“He highlighted Pakistan’s firm resolve to address economic challenges and create a conducive environment for sustainable growth and investment,” the Pakistani finance ministry said in a statement.
“He also expressed Pakistan’s keen interest to re-engage with Middle Eastern Banks to revive their interest in potential investment opportunities in the country.”
He said his government intended to continue with reforms initiated under a $3 billion IMF program in priority areas of taxation, energy and privatization of state-owned enterprises (SOEs), according to the statement.
Aurangzeb arrived in Washington on Sunday to participate in spring meetings organized by the IMF and World Bank. His tour is an important one for the South Asian country as the ongoing nine-month, $3 billion loan program with the IMF designed to tackle a balance-of-payments crisis, is set to expire this month.
With the final $1.1 billion tranche of that deal likely to be approved later this month, Pakistan has begun negotiations for a new multi-year IMF loan program worth “billions” of dollars, according to the finance ministry.
Pakistan seeks at least a three-year IMF program and plans to continue with necessary policy reforms to rein in deficits, build up reserves, and manage soaring debt servicing.
On Wednesday, Aurangzeb attended the Middle East and North Africa (MENA) Ministers and Governors meeting with the IMF managing director and highlighted geo-economic fragmentation and its impact on Pakistan.
“He thanked IMF, MDBs (multilateral development banks) and its time-tested sincere bilateral partners for their support in helping the country respond to unprecedented challenges,” Aurangzeb’s ministry said in a separate statement.
“He further underscored aggressive reforms including broadening the tax net, privatizing loss making SOEs, expanding social safety net and facilitating the private sector.”
The minister underlined the importance of rechanneling special drawing rights (SDRs), reviewing surcharges policy, and prioritizing the Resilience and Sustainability Trust (RST) in view of climate vulnerabilities.
“The minister called for a more proactive and responsive Global Financial Safety Net to tackle the elevated risks,” the statement read.
“He welcomed the renewed emphasis of the Fund on Capacity Building through Regional Capacity Development Centers (RCDCs).”
During the engagements, Aurangzeb also met with Multilateral Investment Guarantee Agency (MIGA) Executive Vice President Hiroshi Matano and appreciated the Agency’s continued support to Pakistan in attracting foreign investments.
“The minister discussed the ongoing economic reforms, investment climate and measures to enhance investor confidence in Pakistan,” his ministry said.
Australia mulls citizenship for Pakistani guard in Sydney mall attack
- The guard, Muhammad Taha, reportedly said he believed he ‘deserved recognition, consideration for citizenship’ after being stabbed
- He was attacked just after fellow Pakistani security guard, Faraz Tahir, one of the six people killed at the Westfield shopping complex
SYDNEY: Australia’s prime minister said Thursday he will consider granting citizenship to a Pakistani security guard wounded in the deadly Sydney shopping center knife attack.
The guard, Muhammad Taha, reportedly said he believed he “deserved recognition and consideration for citizenship” after being stabbed.
In a bedside interview with The Australian, Taha said he was attacked just after fellow Pakistani security guard Faraz Tahir, one of the six people killed at the Westfield shopping complex in Bondi Junction.
Taha has a graduate visa due to expire in less than a month, the paper said.
The guard reportedly noted that Frenchman Damien Guerot, since dubbed “bollard man,” had been offered permanent residency after video shared on social media showed him using a bollard to fend off the attacker, Joel Cauchi.
Asked in a radio interview if the Australian government would entertain Taha’s citizenship request, Prime Minister Anthony Albanese said: “Yes, we certainly will.”
Albanese described the killing of Faraz Tahir as a “tragedy.”
“This other person, Muhammad Taha, he confronted this guy, the perpetrator, Joel Cauchi, on Saturday. And it just shows extraordinary courage,” the prime minister said.
Both men put themselves in danger to protect Australians they did not know, Albanese said.
“That’s the sort of courage that we want to say thank you to, frankly.”
Albanese said Guerot would receive permanent residency, which he had been seeking, on Thursday.
French President Emmanuel Macron on Tuesday hailed Guerot and his fellow Frenchman Silas Despreaux for trying to stop the mall attacker.
Pakistan kick off T20 World Cup 2024 preparations with New Zealand series today
- Today’s match to see return of Mohammad Amir, Imad Wasim and Naseem Shah to Pakistan’s national squad
- Pakistan’s white-ball captain Babar Azam says team eager to express themselves as a unit in today’s match
ISLAMABAD: The Pakistan cricket team will kick off their preparations for the ICC World Cup 2024 by taking on New Zealand in the first match of the T20I series against the Black Caps in Rawalpindi today, Thursday.
Led by experienced all-rounder Michael Bracewell, New Zealand’s cricket team arrived in Pakistan last week to play the five-match T20I series from April 14-28. Rawalpindi will also host matches on Saturday and Sunday, while Lahore’s Qaddafi Stadium will be the stage for the remaining two matches next week on Thursday and Saturday.
This will be the third five-match series between the two sides inside a 12-month period. Last year, Pakistan and New Zealand drew the series at two-all in Pakistan, while New Zealand clinched the series 4-1 earlier at their home.
“This five-match T20I series holds a lot of importance for us as we look forward to preparing for the all-important mega-event,” Pakistan’s white-ball captain Babar Azam said during a news conference on Wednesday.
“We had a great fitness camp in Kakul and are looking forward to express ourselves as a unit.”
Pakistan have named uncapped Abrar Ahmed, Mohammad Irfan Khan and Usman Khan in the 17-player squad. Pacer Mohammad Amir and all-rounder Imad Wasim, who came back from retirement last month. are also back in the national squad.
The series will also mark fast bowler Naseem Shah’s return to the national squad, who last played for Pakistan in Asia Cup 2023 before suffering a shoulder injury. The injury proved to be a fatal blow for Pakistan, sidelining Shah from the ICC Men’s Cricket World Cup 2023 and tours of Australia and New Zealand.
Bracewell said he was excited to lead New Zealand on the Pakistan tour, adding that his team was raring to play good cricket against the hosts.
“Pakistan are formidable side at home and we’ll look to put challenges in their backyard,” he said.
The match is scheduled to begin at 7:30 p.m. Pakistan Standard Time.
Squads:
Pakistan — Babar Azam (captain), Abrar Ahmed, Azam Khan, Fakhar Zaman, Iftikhar Ahmed, Imad Wasim, Mohammad Abbas Afridi, Mohammad Rizwan, Mohammad Amir, Muhammad Irfan Khan, Naseem Shah, Saim Ayub, Shadab Khan, Shaheen Shah Afridi, Usama Mir, Usman Khan and Zaman Khan
New Zealand — Michael Bracewell (captain), Tom Blundell, Mark Chapman, Josh Clarkson, Jacob Duffy, Dean Foxcroft, Ben Lister, Cole McConchie, Jimmy Neesham, Will O’Rourke, Tim Robinson, Ben Sears, Tim Seifert, Ish Sodhi and Zak Foulkes.
