Pakistan’s incomes could triple by 2050 with faster reforms: World Bank

Pakistan’s incomes could be three times higher by 2050 if policymakers speed up structural changes that attract private capital and support lasting growth, the World Bank Group said in its latest Pakistan Development Update. The report points to improved economic stability as a platform for faster expansion and job creation, while noting that real GDP growth reached 3.7% in FY26, compared with 3.2% a year earlier. It also says average income per person is still growing by about 1.6% in real terms.

The World Bank says sustained annual growth of 6.2% to 6.9% could bring Pakistan to Viet Nam’s present income level by 2050. It cites a 2.9% of GDP primary surplus, stronger remittances and a $3 billion Eurobond issue among recent developments, alongside lower energy subsidies, tariff changes and PIA’s privatization. Further progress, the report argues, depends on better tax arrangements, easier access to finance, trade opening and a smaller state role, supported by consistent implementation.