Islamabad: The World Bank has projected that Pakistan’s economy has the potential to grow to $2 trillion by 2047, transforming the nation into a high-middle-income country. This optimistic forecast is detailed in the World Bank’s recently released report, From Swimming in the Sand to High and Sustainable Growth.
The report presents a comprehensive roadmap to achieve this ambitious goal, focusing on three critical pillars: climate change adaptation, digital transformation, and human development. These priorities are deemed essential for fostering sustainable economic growth and resilience in the face of global and domestic challenges.
Finance Minister Muhammad Aurangzeb has expressed the government’s alignment with the World Bank’s vision. He highlighted ongoing measures to stabilize Pakistan’s economy and emphasized the importance of adopting long-term strategies to promote inclusive and sustainable development.
“We are fully committed to creating a resilient economy,” said Aurangzeb. “The World Bank’s recommendations resonate with our priorities, particularly in addressing climate challenges, accelerating digitalization, and investing in human capital.”
The report underscores that addressing structural challenges, ensuring political stability, and maintaining fiscal discipline will be pivotal for Pakistan to unlock its economic potential.
The World Bank’s projection serves as both an opportunity and a challenge for Pakistan to adopt transformative reforms that could reshape its economic landscape over the next two decades.
