Economic data
Faster reforms could triple Pakistan’s incomes by 2050, says World Bank
ISLAMABAD: Pakistan’s incomes could triple by 2050 if the country ensures faster implementation of structural reforms, according to the World Bank Group’s latest Pakistan Development Update, titled Attaining Escape Velocity. The report says that following progress on macroeconomic stabilisation, Pakistan has an opportunity to achieve faster and sustained economic growth and create more jobs. Sound macroeconomic policies in recent years have helped stabilise the economy and preserve growth despite the impact of the Middle East conflict. Real gross domestic product (GDP) growth increased to 3.7