Pakistan is Now the Fifth Fastest Emerging Economy – Research Snipers

Pakistan is Now the Fifth Fastest Emerging Economy

Ahsan Iqbal, Minister for Planning, Development, and Reform has requested the companies and businesses to play their relevant role in promoting the economic growth of Pakistan. He said that while talking to the second ‘Leaders in Islamabad’ business summit. He claimed that Pakistan is now the fifth fastest emerging economy. 

He said,  “We, as leaders, have the responsibility to become ambassadors of Pakistan and show the spirit to take the country to new heights and into the ranks of top 25 economies of the world, as envisioned by the government in 2014.”

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This year the main idea behind the summit was ‘Disrupting the Future’. The innovators, experts, and future of Pakistan presented their ideas in this summit.

Iqbal informed that the dynamics of doing business is changing now, technology is advancing and it has altered the whole business phenomenon. Innovation, startups trend, ideas, and technology have a strong effect on a business today.

He informed that the national economy average development in last five years was 4.85% while being 3% in the time period of last government.

He claimed, “Pakistan has become the fifth fastest emerging economy among the comity of nations.”

Iqbal informed that huge investment in fields if infrastructure, energy, industrial and agriculture sector has been made in Pakistan under CPEC. This would not just boost the economy of Pakistan, it will bring social prosperity in the country.

He added, “CPEC is at the initial stage and its benefits are still being felt across the country as far-flung areas are being connected to big cities through the construction of 1,650km motorways, besides generating numerous employment and entrepreneurship opportunities.”

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He was convinced that after the mega project of CPEC completes by 2030, Pakistan will become center of trade, business, infrastructure, and manufacturing.