Up to 53 years from now, according to a study by American economists titled “The Path to 2075,” China, India, the United States, Indonesia, and Nigeria are projected to surpass them as the top five economies in the world. After the aforementioned nations, Pakistan will have the sixth-largest economy if its ambitions pan out. The report by the American financial giant Goldman Sachs says the company has spent over 20 years studying long-term global growth rates. According to predictions, of 104 countries through 2075, Pakistan will have a GDP of $1,270 trillion and a per capita income of $27,100, but this forecast cites climate change and a populace that is strongly nationalistic as two main roadblocks.
In the context of this study, if we take a look at Pakistan’s 75-year history, the estimates made by its economists during this time are comparable to the report that served as the foundation for determining the short-, medium-, and long-term needs for natural resources in Pakistan’s early years of establishment. Plans for development with deadlines were created, but they were quickly overturned by political tussles. In a nutshell, we can say that Pakistan lacks consistency. There are enough oil and minerals in Pakistan’s 990 km of coastline to supply the country for 50 years. Pakistan is wealthy in natural resources, but they have neither been tapped nor wisely used if mined. Moreover, the people are super vigilant and hardworking, which has allowed Pakistan to surpass its 1947 predicament and become a nuclear power. The premise is that the development objectives can be met by utilising the available resources and efforts if the political leadership prioritises the country over its power and the populace is appropriately guided.
