The World Bank’s Vice President for South Asia, Martin Reiser, has said that Pakistan has the full potential to become a $1 trillion economy by 2035, but to achieve this goal, Pakistan must grow at an annual growth rate of 7 percent.
Referring to the government’s 5-year economic recovery plan, Martin Reiser said that Pakistan can become a $1 trillion economy by 2035, but for this, it is necessary to ensure the implementation of economic reforms.
The World Bank has taken political parties, including the opposition, into confidence before assuring Pakistan of $20 billion in loans or financial assistance over 10 years under the Country Partnership Framework.
The World Bank’s assurance of loans or financial assistance to Pakistan under the Country Partnership Framework is an estimate, but Pakistan can obtain concessional loans under various programs.
In response to a question regarding foreign investment in Pakistan, Martin Reiser said that Pakistan should focus on its existing resources. Pakistan has many opportunities through which it can attract more investment.
