Business Desk 
Jan 26, 2025
A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. — Reuters
World Bank Vice President for South Asia, Martin Raiser, has predicted that Pakistan could become a $1 trillion economy by 2035 if it achieves a consistent annual growth rate of 7%.
Raiser announced that the World Bank would provide $20 billion in financial assistance to Pakistan over the next 10 years.
In an interview with Express News, Raiser described this ambitious goal as “absolutely feasible,” provided the country implements key economic reforms.
Raiser highlighted that the World Bank has engaged in consultations across the political spectrum to ensure inclusive decision-making. “As part of our preparation process, we consult the right groups within civil society,” he said, adding, “We have talked to the opposition as well.”
On Pakistan-India trade relations, Raiser encouraged Pakistan to focus on factors within its control to attract more investment. He emphasised that while external factors like trade ties with India are significant, Pakistan has ample opportunities to drive growth independently.
Explaining the $20 billion commitment, Raiser clarified that it represents indicative lending, combining concessional funds and non-concessional loans. The allocation would be based on Pakistan’s economic capacity and its ability to repay.
The World Bank’s support underscores the importance of structural reforms in ensuring sustainable economic growth for Pakistan in the years to come.
