What is potential of Pakistan?
It has all the requisites of being a major economic player in the region and Asia. Its economic potential is immense. According to a recent World Bank Report, with sound economic policies, Pakistan economy could reach US$ 2 trillion by 2047.
What does Pakistan need to improve?
Pakistan should aim to improve the livability of its cities and provide access to quality public services such as affordable housing, reliable water supply and other public services. Green public spaces must be developed, and the education system strengthened to enhance the labor market.
What is the current situation of Pakistan economy 2022?
In the fiscal year 2022–23, Pakistan's total debt servicing payment is estimated to be 3.95 trillion Pakistani rupees ($17.9 billion). Public debt (as of March 2022) was 4.44 trillion rupees (72.5% of GDP). Pakistan's tax governance remains weak.
Is Pakistan improving its economy?
Recovery will be gradual, with real GDP growth projected to reach 3.2 percent in fiscal year 2024. Poverty in the hardest-hit regions will likely worsen in the context of the recent flooding.
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