The Pakistani Ambassador to America, Masood Khan, said on Tuesday that Pakistan will be included in the top 10 economic powers of the globe by 2047.
While addressing a speech at the event in Washington, D.C, Masood Khan said Pakistan has the 23rd-largest economy on the basis of public-private partnerships (PPP) and the 42nd-largest economy in terms of nominal GDP.
Poverty Rate Reduced
In the last two decades, the poverty rate in Pakistan has reduced from 64% to 24%, which is a clear indication that the nation is moving towards improvement, said Masood Khan. He said that new and ground-breaking business ecosystems are being unlocked in Pakistan.
Technology Sector
The tech sector is witnessing exponential growth and has the potential to become an alternative startup hub in the neighborhood, he said. Pakistan’s population is in line with the needs of its emerging economy, he said. However, despite the difficulties, Pakistan’s economy has the potential to grow and develop rapidly.
