Pakistan’s Economy Could Reach $1 Trillion by 2035: World Bank

Summary:
World Bank Vice President Martin Raiser stated that Pakistan could become a $1 trillion economy by 2035 if it achieves a 7% annual growth rate. However, this requires key economic reforms, improved trade, and increased foreign investment. The World Bank has pledged $20 billion over 10 years, contingent on Pakistan’s reform progress. The institution is also supporting tax reforms, fiscal improvements, and private sector growth. Pakistan remains under an IMF program, requiring revenue increases and external financing.

Key Points:
$1 Trillion Target: Achievable by 2035 with a 7% growth rate.
Reforms Needed: Economic and tax reforms crucial for progress.
World Bank’s $20B Support: Funding depends on reform implementation.
Private Investment Focus: Key sectors include energy, agriculture, and digital infrastructure.
IMF Program Ongoing: Pakistan must boost revenues and secure external financing.

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