Pakistan Aims to Become World's Sixth-Largest Economy by 2050: PM Shehbaz Sharif

Pakistani Prime Minister Shehbaz Sharif said on Friday that Pakistan could become the world's sixth-largest economy before 2050. He made this claim at a time when Pakistan is struggling with heavy debt and is waiting for the approval of new funding of about US $1.2 billion from the International Monetary Fund (IMF). Speaking at the Pakistan Minerals Investment Forum in Islamabad, Shehbaz Sharif cited a projection made by Goldman Sachs in 2022. This projection said that Pakistan would become the world's sixth-largest economy by 2075. Shahbaz Sharif said that he would like to make a small change in this and believes that Pakistan could reach this rank before 2050. Pakistan reached a staff-level agreement with the IMF in October. According to the IMF, if the executive board of the fund approves this agreement, then the total amount that Pakistan would receive under both programs would be about US $5.7 billion. In such a time, the government of Pakistan is also making an appeal to investors in the mining and mining sector to strengthen the country's mining sector.