LAHORE, Jul 05 (APP):Coordinator to the Federal Tax Ombudsman Saif ur Rehman on Sunday said the “Top 1000 Club” of private-sector leaders could play a pivotal role in raising Pakistan’s per capita income from around $1,900 to $5,000 by 2060. Talking to a delegation of traders here,he said achieving this target would require a sustainable long-term strategy, including maintaining an annual GDP growth rate of 5 to 5.5 per cent …
Private sector can help raise Pakistan’s per capita income:Saif ur Rehman
LAHORE, Jul 05 (APP):Coordinator to the Federal Tax Ombudsman Saif ur Rehman on Sunday said the “Top 1000 Club” of private-sector leaders could play a pivotal role in raising Pakistan’s per capita income from around $1,900 to $5,000 by 2060.
Talking to a delegation of traders here,he said achieving this target would require a sustainable long-term strategy, including maintaining an annual GDP growth rate of 5 to 5.5 per cent over the next three decades while effectively managing population growth to ensure net per capita GDP growth of at least 3 per cent each year.
He said a strong partnership between the public and private sectors was essential for enhancing productivity, attracting foreign investment and improving the ease of doing business.
Saif-ur-Rehman said policy consistency, political stability,investment in human capital and the development of modern infrastructure would enable the private sector to realize its full potential and drive economic growth.
He expressed confidence that,with collective determination and visionary leadership,Pakistan could achieve inclusive prosperity,strengthen its industrial base and emerge as a resilient upper-middle-income economy by 2060.
