Pakistan is setting its sights on a stronger position in the global economy, with Deputy Prime Minister and Foreign Minister Ishaq Dar saying the country aims to become the world’s 24th-largest economy and eventually secure membership in the G20.
The ambitious target reflects Islamabad’s broader plans to expand the size and strength of the national economy while increasing Pakistan’s influence in international economic discussions.
Achieving a higher position among the world’s largest economies would require sustained growth over the long term. Greater productivity, stronger exports, higher investment and improved economic stability would all be important factors in reaching the goal.
Pakistan also needs to build a stronger base for businesses and industries so that economic growth can generate more employment and increase the country’s ability to compete in international markets.
Joining the G20 would represent another significant step for Pakistan on the global stage. The group brings together some of the world’s largest advanced and emerging economies and plays an important role in discussions on international economic and financial issues.
Dar’s remarks therefore point toward a long-term vision in which Pakistan seeks not only to expand its economy but also to increase its role in global economic affairs.
The government’s ambition comes as Pakistan continues efforts to improve its economic fundamentals and attract investment. Expanding exports and strengthening productive sectors will remain important for achieving sustained growth.
A larger and more stable economy could also improve Pakistan’s ability to participate in major international economic initiatives.
While becoming the 24th-largest economy and entering the G20 are long-term ambitions, the targets highlight the government’s intention to pursue stronger economic growth and a greater international presence.
Progress toward these goals will depend on Pakistan’s ability to maintain economic reforms, increase productivity, attract investment and build sustainable growth over the coming years.
