On the global economic front level, Pakistan hits sufficiently below its weight. It is a youthful country whose residents’ median age is under 23 years, gifted with productive human and natural resources.
Yet, for years, Pakistan has faded behind other countries in this territory in terms of financial development.
The country’s entire GDP is predicted to grow by 4% in FY22, according to the IMF’s estimation, which is less than the moderate increase of 5.1% projected for all emerging needs and growing economies.
The country’s drawback can be attributed to multiple aspects like terrorism and provincial protection problems, political uncertainty, and macroeconomic fluctuation.
These factors have not only kept many foreign investors at bay but have also stopped local entrepreneurs from undertaking large-scale capital-intensive projects in several sectors.