
PSX Academics
February 3, 2025 at 09:07 AM
*Pakistan Could Become a Trillion-Dollar Economy by 2035, Says World Bank VP*
*What happened:*
The World Bank’s Vice President for South Asia, Martin Raiser, has stated that Pakistan could reach a trillion-dollar economy by 2035 if it achieves an annual growth rate of 7%. He emphasized that while long-term predictions are tough, Pakistan could easily hit this target with the right economic recovery plan in place.
*Why it matters:*
Reaching a trillion-dollar economy would mark a huge milestone for Pakistan, improving living standards, job opportunities, and overall economic stability. However, it will require serious reforms and strong policies to make it happen.
*What’s next:*
The World Bank has promised to support Pakistan by providing $20 billion over the next 10 years, but this will depend on Pakistan’s ability to implement the necessary economic reforms. The country must focus on making these reforms a reality to achieve the growth needed to reach the trillion-dollar goal.