World Bank sees Pakistan's potential to be a $2 trillion economy

[CrazyZ]

We can achieve this by 2040 if we focus hard enough. We need develop our human resource so we can assimilate technology from abroad. Invest 5-10% of our GDP into infrastructure and industry. In particular we need double digit energy sector growth and good water supplies. We need a government that is honest and supports our business organizations and champions foreign exports (East Asian model - state sponsored capitalism). Ik and PTI is making a start to this with New Pakistan initiative.

 

[Kambojaric]

The main issue will remain the rapid growth in population diluting any economic advances being made, unless, as the WB says here, the rate is brought down to half its present value by 2047.

And the likelihood of that happening is low. The trend is downwards but unlikely it will go as low as 1.2% (https://www.thenews.com.pk/print/206882-Population-growth-rate-comes-down-to-186, http://www.worldometers.info/world-population/pakistan-population/).

 

[VCheng]

And the likelihood of that happening is low. The trend is downwards but unlikely it will go as low as 1.2% (https://www.thenews.com.pk/print/206882-Population-growth-rate-comes-down-to-186, http://www.worldometers.info/world-population/pakistan-population/).

Exactly.

That is the ticking time bomb for Pakistan.

 

[Muhammad Omar]

28 Years

 

[Peaceful Civilian]

We have potential . Just need to promote secularism . Nobody will pull your leg towards stone age.

 

[TheDarkKnight]

How likely is that reduction in the population growth rate to be actually achieved?

None. Even the so called educated lot holds the same primitive views of having more sons than daughters etc.

 

[CrazyZ]

None. Even the so called educated lot holds the same primitive views of having more sons than daughters etc.

Birth rates are falling all over the Islamic world, including urban Pakistan. Its the rural area's I would question.

 

[VCheng]

None. Even the so called educated lot holds the same primitive views of having more sons than daughters etc.

So the $2 trillion figure will likely be difficult to achieve in the time frame mentioned, that is all.

 

[1Paki$tani]

When you have dumb politician and and dumb awam you cannot achieve anything.

When IK spoke about chickens, eggs and meat they all laughed at him. The reality is we are located in prime location in terms of GCCC countries and we can take massive advantage of that.

First we need to harvest rain water through regional dams to ensure that south punjab, sindh and Baluchistan have water to grow crop and keep animals.

We than need to setup corporation to where fresh halal meat can be made available to GCCC countries, such that animals get slaughtered in Pakistan at night and my morning fresh meat is available in shops. Presently we are not even in the top 12 supplier of meat to GCCC. Same with dairy products and vegetables etc.

that is just one small thing.

We can promote tourism to GCCC countries during summer they can visit northern Pakistan which generally are cooler areas.

 

[VCheng]

Taken from:

https://www.dawn.com/news/1470698/shaping-pakistans-future



In its landmark report, Pakistan@100: Shaping the Future, the World Bank projects two scenarios. One would take Pakistan to a $2 trillion economy by the year 2047, placing the country in the middle-income Second World group. This is a highly optimistic scenario that requires the country to achieve sustainably high economic growth rates for approximately the next three decades.

The second scenario is extremely depressing. Failing to change the country will cause it to slide further into the abyss of poverty. Pakistan today is standing at a crossroads and, as the report warns, decisions over the next decade will decide Pakistan’s future. It all depends on whether we are willing to change the extractive nature of the state institutions that mainly serve the interests of a small ruling elite, and so remove the fetters that prevent the country from embarking on the path of economic growth and social progress.

 

[CrazyZ]

Taken from:

https://www.dawn.com/news/1470698/shaping-pakistans-future



In its landmark report, Pakistan@100: Shaping the Future, the World Bank projects two scenarios. One would take Pakistan to a $2 trillion economy by the year 2047, placing the country in the middle-income Second World group. This is a highly optimistic scenario that requires the country to achieve sustainably high economic growth rates for approximately the next three decades.

The second scenario is extremely depressing. Failing to change the country will cause it to slide further into the abyss of poverty. Pakistan today is standing at a crossroads and, as the report warns, decisions over the next decade will decide Pakistan’s future. It all depends on whether we are willing to change the extractive nature of the state institutions that mainly serve the interests of a small ruling elite, and so remove the fetters that prevent the country from embarking on the path of economic growth and social progress.

World bank seems obsessed with birth rates and nothing else... Pakistan's low growth rates a few years ago were caused largely by security and energy issues. Are these things mentioned in the world bank report. World bank has refused to provide funding for hydropower dams that would boost our growth.....they don't Pakistan to succeed period. We need to look at what east asian nations have done to develop and replicate as much as possible.

 

[VCheng]

World bank seems obsessed with birth rates and nothing else... Pakistan's low growth rates a few years ago were caused largely by security and energy issues. Are these things mentioned in the world bank report. World bank has refused to provide funding for hydropower dams that would boost our growth.....they don't Pakistan to succeed period. We need to look at what east asian nations have done to develop and replicate as much as possible.

All good points, but the basic issue here is not the WB, it is that the high rate of population growth negates the advantages of economic progress, and that must change somehow.

 

[Surya 1]

This is a 7.7 pc compound growth rate.

 

[VCheng]

This is a 7.7 pc compound growth rate.

That is possible, but this also plays a role:

Taken from:

https://www.dawn.com/news/1470592/p...-jet-but-the-economy-is-the-real-battleground

View attachment 547907

 

[Surya 1]

That is possible, but this also plays a role:

Yes definitely possible depending on which direction Pakistan takes.