Pakistan at a Crossroads: Deep Reforms Needed by 2024 to Address Economic Crisis and Achieve Sustainable Growth
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Pakistan faces an economic crisis and must implement deep, sustained reforms to address long-standing issues like high poverty, low growth, and poor human development.
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Major policy shifts are needed to generate fiscal space, transform agriculture, boost private investment and exports, improve the energy sector, and empower local governments.
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Transforming Pakistan's economy requires tackling the root causes of low productivity, distorted markets, and policy unpredictability over the long term.
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With the right reforms focused on human capital, fiscal sustainability, openness, and resilience, Pakistan can achieve upper-middle income status by 2047.
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The year 2024 presents an opportunity for Pakistan to make economic reforms and reach a historic turning point in its development.