Author Affiliation

Professor Emeritus, Institute of Business Administration (IBA), Karachi; HEC Distinguished National Professor of Economics

Was this content written or created while at IBA?

Yes

Document Type

Article

Source Publication

Journal of Development Policy, Research & Practice

Keywords

Pakistan Economic Development, Poverty Reduction, Economic Policy

Disciplines

Business | Economics

Abstract

At the time of Partition in 1947, Pakistan inherited a truncated territory with two wings a thousand miles apart, a weak economy, a rudimentary infrastructure and an uncertain future. Despite such a precarious start, Pakistan, according to its Gross Domestic Product (GDP) on Purchasing Power Parity (PPP) basis ranks as the 24th largest economy in the world, and could become the 16th largest economy by 2050. This commentary reviews Pakistan's economic and social development trajectory over seven decades, examining growth episodes, poverty trends, inequality, the rising middle class, and the key challenges and opportunities facing the country.

Note

The author is Professor Emeritus at the Institute of Business Administration (IBA) in Karachi, Pakistan and HEC Distinguished National Professor of Economics. He served as Dean and Director of IBA Karachi between 2008 and 2016. IH0492

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