Pakistan is on track to become the world’s 6th largest economy by 2075, with a projected Gross Domestic Product (GDP) of $12.3 trillion, according to a new economic forecast released by the World Economic Forum (WEF). The country’s rapid economic growth, driven by strategic investments in infrastructure, technology, and energy, is expected to push it ahead of several major economies in the coming decades.
The forecast predicts that Pakistan’s GDP will continue to grow at a steady rate, surpassing several key global players, including Russia and Brazil, as the nation capitalizes on its young population, expanding workforce, and robust industrial sector. The country’s proactive approach to economic reforms, such as the development of the China-Pakistan Economic Corridor (CPEC), has been recognized as a pivotal factor in accelerating its economic transformation.
Experts believe that by 2075, Pakistan’s burgeoning tech, manufacturing, and service sectors will fuel much of its GDP growth, with significant contributions from exports, urban development, and improved governance. As a result, Pakistan is poised to become a leading global economic powerhouse.