UPDATED 9 January 2017 | Exclusive

In 2017, Pakistan has been forecasted to be the world’s fastest-growing Muslim economy ahead of Indonesia, Malaysia, Turkey and Egypt, according to London’s The Economist magazine.

Pakistan’s gross domestic product (GDP) growth is also ahead of 3.4 percent GDP growth of Israel.

Latest: What to expect in Pakistan in 2017

This makes Pakistan to be world’s fifth fastest growing economy in the world, only behind India and China and two other countries.

This post appeared in the widely-circulated Express Tribune on 10 January 2017. ET is an affiliate publication of New York Times. This was followed by the post being carried on all print and electronic media. A glimpse here:

In an interactive table of economic and financial indicators published on The Economist website, live data which is updated twice-daily, Pakistan GDP is forecast to be growing at 5.4 percent in 2017.

This data reinforces a Harvard University study forecasting Pakistan to grow by more than 5.07 percent in the next decade.

See Harvard predicts Pakistan GDP to grow by 5% over next 10 years.

This data is also higlighted in the 14 August piece in Pakistan’s largest-selling English-language daily, The NewsBack to the future: Pakistan in 2050

The data was also mentioned by this writer in a show on Business Plus TV on Pakistan of future. Link below:

VIDEO: Pakistan is the fastest-growing Muslim economy

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In 2017, we are forecasted to grow at 5.4 percent, which is lower than the 2016’s 5.7 percent forecasted growth rate.

Is it not the time that Finance Minister Ishaq Dar takes concrete steps to put economy on a path of irreversible growth?

In the 2014 forecast by The Economist, Pakistan was world’s 6th fastest-growing country.


In a corruption-riddled world, Pakistan is better than one-third countries: TI

Pakistan world’s least expensive country: World Bank

Pakistan petrol prices 18th lowest in the world


August 2016 update: When you view The Economist interactive data table above, country ranking may change as you change the parameter or the filter.

Case in point: In June update, Pakistan lagged behind Malaysia and Indonesia’s growth rates. In August, Pakistan was back to fastest-growing Muslim-economy status.


More about Pakistan economy

CPEC fact sheet: 2013-2017

Harvard predicts Pakistan GDP to grow by 5% over next 10 years

Pakistan’s unprecedented successes in stock market

Pakistan GDP set to grow by 5.3% by 2020: IMF

World Bank projects 5.4% growth for Pakistan in 2018

$10B TAPI natural gas pipeline to be operational in 2020

Pakistan is now world’s 40th largest economy

It’s the economy, stupid


The four world economies ahead of us are, in this order:

India (7.1%)

Vietnam (6.6%)

China (6.6%)

Philippines (6.6%)


Pakistan’s travel infrastructure

Mass-transit transport in urban Pakistan starting to get a facelift

For Rs 20, take a Metro ride from Pindi to Islamabad

Lahore awaits its Orange Line Metro Train

e-ticketing on Green Line train from Islamabad to Karachi

Karachi to get Green Line bus service by end-2017

Karachi may have Yellow Line bus service in 2 years


We are ahead of large Muslim economies, like:

  • Indonesia (5.2%)
  • Malaysia (4.3%)
  • Egypt (3.9%)
  • Turkey (2.8%)

All of the above except Malaysia are going to be among the top 20 economies in the world in 2050.

Incidentally, all the top six fastest-growing economies are in Asia.

An Urdu version of this post is available here.


Do not miss our Understanding Pakistan Series

  • Ashir

    That’s really very good……….!

  • sadafbilal

    Nice

  • Shagufta

    It’s just an eye wash , who is going to pay the heavy borrowing of IMF & world Bank etc etc

    • asif farrukh

      Did you watch the decision of government that no new borrowing program for Pakistan from now onward. You may see a very strong impact on economy in 3-5 years when coming years will observe annual drop in debt payments. So Pakistan will turn into a welfare state during second regime of nawaz sharif between 2018-2023.

      • Hamza

        Yes dummy, anyone who gives you loan also give you grace period to payback, thats why gov. Decided not to take more loan in that grace period but what gonna happen when they would ask for paying back their money with heavy interest after 1.5 year which is grace period? Stop makin these fake growth articles

  • Hameed Qaiser

    I think this is all due to the positive policies of the present Government. Sooner, if Pakistan recovered its energy deficit it’s industrial growth made Pakistan the number one in Muslim countries.
    This article is outstanding based on latest research data. Congrats Mr. Zahid Wali..please keep it up.

  • raja babu

    great

  • Dildar khan

    I am not an economist and don’t have a vast vision like Asad user and the writer of this article Mr Wali. But iam a simple Pakistani, always wishing for the prosperity of Pakistan. Unfortunately after traveling in KPK, the changed Pakistan, punjab and the capital, things have changed and going in right direction. But issues like honor killings, polio, ransom kidnappings major power break downs, different laws and subsequent rewards and punishments according to wealth and status etc etc are really painful. The human value has gone down to jungle laws.. If humanity is not there than I think we are not into any growing stature. I m sorry being pessimistic but honestly speaking the human values have really ruined in last twenty years and the rate of disorder is too fast and irreversible. May Allah guide us to be a human first than a ruler like khan or sharif… Pakistan zindabaad.

  • Nomi

    Thanks for great info!!

  • Osman Khalid

    Sorry, a total crap analysis, with no proper references and facts/figures

  • Muammar khakwani

    In correct information with no references. The govt itself has announced gdp growth of 4.7% and that too with a lot of criticism of fabricating numbers.
    How can an economy grow to 4.7% when the backbone (agrocilture) has shown negative growth

  • Azhar

    It is absurd to budget something or reflect GDP without correct census data.

  • ABU SULAIMAN

    Where is the name of Bangladesh? GDP growth in Bangladesh is more than 6 for the last several years.

  • Sam

    More lies I see. 39% people are below the line of poverty…38% are unsure of their next meal and 34% are unemployed.