British High Commissioner to Pakistan, Jane Marriott, shared her optimistic outlook on Pakistan’s economic future at the Leaders in Islamabad Business Summit. She stated that the UK envisions Pakistan becoming a $2 trillion economy and aims to increase investments in various sectors.
In her speech, Marriott praised Pakistan’s vibrant youth as a crucial driver for future growth. She emphasized that the UK supports Pakistan’s development initiatives for both local and global benefits. Currently, UK-Pakistan trade is valued at £4.4 billion, but Marriott expressed hopes to raise that figure to £15 billion in the coming years.
Marriott also highlighted the UK’s collaboration with Pakistan in health, education, and engineering. Notable projects include Reko Diq, and she mentioned a $45 million UK program focused on power sector reforms and green energy initiatives. These efforts aim to enhance Pakistan’s macro-economic stability.
Looking ahead, global organizations like the World Bank predict that Pakistan’s economy could quintuple by 2047, reaching $2 trillion. Marriott sees Pakistan as a valuable long-term partner due to its strategic location, abundant natural resources, and strong business potential. She believes that private sector innovation and digital transformation will play key roles in this growth.