Pakistan Eyes Transformation to High Middle-Income Country by 2047, Finance Minister Tells World Bank

Washington D.C., At a recent roundtable hosted by the World Bank titled “Implementing for Faster Results and Greater Impact,� Pakistan’s Finance Minister, Mr. Muhammad Aurangzeb, outlined the nation’s ambitious economic goals. He emphasized the potential for Pakistan to transform into a high middle-income country by 2047, projecting an economic growth from over $300 billion to $3 trillion.

According to Press Information Department, Minister Aurangzeb lauded the World Bank’s “Thought Leadership,” specifically referencing the report “From Swimming in the Sand to High and Sustainable Growth.â€� The report provides a detailed roadmap for Pakistan’s economic development, aligning closely with the government’s focus on climate change, digitalization, and human development.

During the roundtable, Aurangzeb also expressed appreciation for the World Bank’s efforts to enhance its operational effectiveness through the launch of a new single platform. He stressed that these initiatives are in line with the Pakistani government’s priorities and are crucial for achieving the envisioned economic transformation.

The finance minister’s participation in the roundtable underscores Pakistan’s proactive engagement with international financial institutions to foster economic growth and achieve long-term development goals.

Check Also

IFC to Boost Equity Investments in Pakistan

Islamabad: The International Finance Corporation (IFC) has announced plans to amplify its equity investments in Pakistan, focusing on large-scale infrastructure projects. This initiative, as outlined by IFC's Managing Director Makhtar Diop, aims to ch...

The post IFC to Boost Equity Investments in Pakistan appeared first on pakistannewsgazette.com.