Pakistan could become world’s sixth-largest economy before 2050: PM Sharif
Dubai: Pakistan could become the world’s sixth-largest economy before 2050, Prime Minister Shehbaz Sharif said on Friday as he called for foreign investment in mineral processing and manufacturing. “Instead of 2075, it will be, Inshallah, earlier than 2050,” said Sharif, when speaking at the Pakistan Minerals Investment Forum in Islamabad, citing a December 2022 Goldman Sachs report that ranked…
Pakistan could become one of the world's top six economies by 2050, Prime Minister Shehbaz Sharif announced on Friday. The prime minister made the ambitious prediction at the Pakistan Minerals Investment Forum in Islamabad, citing a December 2022 Goldman Sachs report. The report ranked Pakistan sixth in its projections for 2075, earlier than initially suggested.
Sharif emphasized the importance of mining, processing, and manufacturing locally mined minerals to achieve this goal. He urged foreign investment in mineral processing and manufacturing sectors, specifically calling for investments in refineries, smelters, and factories. This strategy, he argued, would create jobs and bring technological expertise into the country.
The two-day forum resulted in 13 agreements and memorandums of understanding, according to state broadcaster Radio Pakistan.
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