How Pakistan may get the glory?

According to the World Bank Pakistan has achieved 5.3% economic growth in 2017, the highest in a decade.

We all know Pakistan as a top ally of United States. Terrorism was a primary introduction of this country since 2001. But, beyond the headlines, this country in South Asia is getting on the right path of glory.

 

Prime minister of Pakistan, Mr. Shahid Khaqan Abbasi

 Earlier, Pakistan was a figure of political instability, terrorism and poverty. Well, things have changed as Pakistan now is a 300 billion US dollars economy. Additionally, it has been the best stock market of 2016 in Asia. It is winning applauses, urging investors and satisfying the world monetary institutions.

Explicitly, Pakistan has left its neighbor and arch rival India behind in terms of IDI. National debt of the country is expected to decline. Additionally, foreign reserves are indicated to increase over time. Number of tax filers is increasing. Frequently, foreign directs investment will cross the figure of 1 billion US dollars this year.

 

Foreign Direct Investment in Pakistan till 2016

 There are some factors that are identified as key indicators to country’s growth. Likewise, working on these factors will prove constructive.  Most importantly, inflation will remain between 4 to 5 percent as oil prices are expected to stay low during the period. But, there are some factors that are identified as key indicators to economic glory. 

Middle class

According to the reports, middle class accounts for half of the total population of the country. Reportedly, the middle class market can hit 1 trillion US dollars by 2030 by attracting foreign investments. Additionally, it is sparking the production of cement, steel, automobiles and many other productive units. State Bank of Pakistan has identified the middle class contribution as a primal reason of country’s advancing market.

 

Pakistan middle class coming all the way 

Power shortage

Electricity shortage is indicated as a biggest hurdle to their businesses by the productive units. Consequently, this low production has ceased the economy to reach its best. By and large, it would be the biggest test of the country to get rid of the electricity shortage. China is helping Pakistan through number of projects to overcome this flaw. Similarly, help of the world largest economy will growth of Pakistan’s economy will continue as well.

List of power project by China in Pakistan

Security situation

Pakistan has been the victim of terrorist attacks since a while and the people have suffered robustly. Pakistan army humiliated the terrorists in operations of 2009, 2014 and 2017. The Government and the Army are on the same page to cut off terrorism by its roots. Of course, they finally have gotten a reasonable handle on such issues.

 

Pakistan Army chief General Qamar Javed shakes hands with Iranian Defense Minster 

Author’s Take

Pakistan is no doubt a nuclear power. The South Asian tiger has got huge potential and reasonable working conditions. With the help of China and may be India it can get its glory.

On the whole, China has invested about 60 billion US dollars in Pakistan through a project named “One belt, one road.” Pakistan is dealing with China over energy and security issues. Eventually, the trade partnership will lead to the country’ economy towards the best.

On the other hand, India is a neighboring country which shares a joint border of approximately 1800 miles including the LOC. Pakistan should work on to establish good terms with India diplomatically, politically, socially and economically. A nexus of China, India and Pakistan will make the region as the world’s most prosperous region. Comparatively, working hand by hand is favorable for these countries as it will also reduce the security risks and will engage the other states of the region into the economic circle.