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World sees Pakistan as 18th largest economy by 2050, Dar reiterates

byMatiur Rehman
28/11/2015
in Business
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ISLAMABAD: Federal Finance Minister Ishaq Dar has reiterated that the international financial institutions are seeing Pakistan as 18th largest economy in the world by 2050.

Dar said this while addressing a signing ceremony between Bait-ul-Maal and Microsoft, in connection with providing computer training to female students of government-run charity centres.

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The minister claimed that the PML-N government will place Pakistan at a prominent position among the largest world economies. He said the policies of Nawaz Sharif’s government saved the country from bankruptcy in 2014, adding that due to the vision of the incumbent government, foreign reserves will soon reach $21 billion.

“Power deficit cannot come to end with some on and off switch; we have initiated power projects of 25,000MW, whereas the total power deficit is only 6000MW,” he said.

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