Pakistan economy can double to $700 billion by following 'Bangladesh model'

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Pakistan economy can double to $700 billion by following 'Bangladesh model'

ISLAMABAD: *Pakistan economy can double to $700 billion by following 'Bangladesh model'.*

Jahangir Akhtar, a veteran leader of the trading community, has supported the statement of a minister proposing to follow Bangladesh’s model to ensure rapid economic growth.

“Development like Bangladesh is difficult but not impossible. Cooperation of the business community will be vital in this regard,” he remarked.

Talking to reporters on Thursday, Jahangir Akhtar said that the growth rate of Bangladesh is 8.13pc, while its currency is stable. “Its (Bangladesh’s) stock exchange capitalization is three times larger than that of Pakistan.”

He noted, “Bangladesh’s exports are almost double to Pakistan. Its GDP is $300 billion which will jump to $700 billion in the next eleven years. In comparison, Pakistan’s GDP is shrinking to $280 billion.”

Economy