Vice President of the World Bank for South Asia, Martin Raiser, stated that Pakistan could achieve a $1 trillion economy by 2035 with a consistent annual growth rate of 7%. During an interview on The Review by Express News, Raiser described this goal as “absolutely feasible” but dependent on key economic reforms.
Raiser highlighted Pakistan’s homegrown revival plan as a foundation for economic transformation, supported by the World Bank’s pledge of $20 billion over the next decade. While acknowledging challenges, he emphasized that Pakistan must focus on reforms to boost investment and growth.
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He also noted the importance of political consensus, revealing that the World Bank consulted across the political spectrum, including opposition parties, during its preparation process.
Addressing Pakistan’s trade and foreign investment, Raiser suggested the country concentrate on internal factors under its control to attract investment. Regarding the $20 billion, he clarified it as indicative lending, combining concessionary funds and non-concessional loans based on Pakistan’s economic capacity and repayment ability.
