Pakistan Has the Potential to Become a $1 Trillion Economy by 2035: World Bank’s Martin Raiser

Islamabad:Martin Raiser, Vice President of the World Bank for South Asia, has stated that Pakistan has the full potential to become a $1 trillion economy by 2035. However, he emphasized that to achieve this goal, Pakistan must sustain an annual growth rate of 7%.

In a discussion on Express News’ program *”The Review”*, Raiser expressed confidence in Pakistan’s ability to reach this economic milestone, but stressed that the implementation of necessary economic reforms would be crucial to attaining this target. He highlighted the importance of adhering to a comprehensive reform agenda to ensure long-term growth.

Raiser also addressed the World Bank’s commitment to Pakistan under its Country Partnership Framework, noting that before guaranteeing loans or financial assistance of $20 billion over the next 10 years, the World Bank engaged with political parties, including the opposition, to ensure broad-based support.

The partnership framework, which envisions substantial financial cooperation, includes concessional loans and other forms of financial support under various programs, providing Pakistan with multiple avenues to receive funding and bolster its economic development.

Regarding foreign investment in Pakistan, Raiser encouraged the country to focus on its existing resources and identified many untapped opportunities that could attract further investment. By capitalizing on these opportunities, Pakistan could significantly enhance its investment inflows and lay the groundwork for sustainable economic growth.