Pakistan eyes G20 membership in two decades

Pakistan has the potential to become a member of the G20, a group of the world's largest economies, within the next two decades, Federal Minister Qaiser Ahmad Sheikh said on Sunday.
, Interior Ministry said, Dunya News reported.

He was addressing a convocation ceremony at a private university in Chiniot, where he emphasized that the country offers vast opportunities for business and investment, and that success can be achieved without necessarily going abroad.

The minister highlighted that Pakistan, with a population of 25 million and abundant natural resources, has a young population that is the country's greatest asset, and they should utilize their skills for the country's development.

He stressed that providing women with access to higher education and equipping young people with modern skills is essential for the country's progress.

Qaiser Ahmad Sheikh cited the example of South Korea, which has benefited from Pakistan's planning in the past, and noted that Pakistan has previously achieved an economic growth rate of 6-7%.

The minister emphasized that Pakistan has numerous possibilities for economic growth and investment, and that young people should seize these opportunities and contribute to the country's development.

Background

Pakistan has been seeking to boost its economy and attract foreign investment in recent years.

The country's economy has faced challenges, including a large trade deficit and high inflation.

Economic Growth

The minister's statement comes as Pakistan aims to increase its economic growth rate and improve its ranking among the world's largest economies.