Pakistan to become economic power by 2047: Masood Khan

Masood Khan, the Pakistani ambassador to America, said on Tuesday that by 2047, Pakistan will rank among the top 10 economic powers in the world.

Masood Khan stated that Pakistan has the 42nd largest economy in terms of nominal GDP and the 23rd largest economy based on Public Private Partnership (PPP) during a speech at the event in Washington, D.C.

According to Masood Khan, Pakistan's poverty rate has dropped from 64% to 24% over the past 20 years, which is a definite sign that the country is improving.

He claimed that Pakistan is unlocking novel and ground-breaking business ecosystems.

According to him, the tech industry is expanding rapidly and has the potential to replace the startup scene in the area.

According to him, Pakistan's population is in pace with the demands of the developing economy. Pakistan's economy has the ability to expand and develop quickly, despite the challenges.