Progress is the fundamental essence of a nation with dreams of growth, innovation, and long-term commercial real estate aspiration. To achieve the success, a nation has to plan a roadmap that should be clear and transparent enough to be successfully completed. For this, they must formulate policies and objectives to help them progress and succeed.
Pakistan, the independent country, has always been progressing no matter how difficult, impossible, and uncertain the conditions prevailing. Despite challenges and dire circumstances, it has remembered that it has to keep progressing so that the country’s economy will be upgraded and the standard of living will increase.
Within these 76 years, the country has been full of uncountable challenges, uncertainties, and aggressive situations, but still, this nation has not lost hope. The government, private sector, public sector, and independent investors have worked together to make the country stand on its feet.
Our Shared Destination
Every nation has to aim for a national goal/vision. It is meant to have a shared vision of the future. Hence, Pakistan was founded on this Vision of the “Pakistani Dream”, the dream of having a prosperous, tolerant, equitable, and dynamic society, which is the heart of an independent movement that arose years back.
We have lost the exact meaning and clarity of that freedom movement, but then again, we all as a nation are struggling to make that dream of Pakistan come true in the future. We need to maintain the quality of our planning as it determines the desired speed of actions and desired outcomes.
Yes, no doubt our nature of goals has gone through some significant transformations. Plans succeed when nations manifest the inspiration, empower the citizens, and especially the private sector should play a vital role in their respective equitable opportunities. Also, the support, facilities, regulations, and services provided as the aid by the government.
We as a nation have a vision of “Pakistan Vision 2025”, representing our aspired design. It will be the desired destination with well-developed amenities for the country’s people and the epi-center for global investors to come and invest in Pakistan.
According to the founding Vision of Pakistan Vision 2025, we will be a nation that will overcome the current challenges and set realistic and ambitious targets for the future. We will achieve the proposed Sustainable Development Goals of zero poverty and hunger, universal access to health, education, clean water, modern energy, and sanitation, and being part of the Upper Middle Income League of countries by 2025. We aim to make Pakistan one of the world’s top ten largest economies by 2047.
Economic Trends
For a country’s stable growth and development, economic trends are important and essential for future implications. Emerging markets play a vital role in businesses flourishing and growing. Be it in any commercial, real estate, or any other industry.
Luckily, Pakistan is located in central Asia, where it can successfully adopt economic trends and make firm business relations with international investors. Expanding commercial infrastructures, increasing professional class, access to warm waters, and interaction with national/global markets will help integrate trade and commerce.
Globalization and Regionalization: Increasing interconnectedness and cross-border trade
World trade has risen from 61% to 76% till 2030 with maximum intra-Asian trade. Pakistan has been part of it. However, it has a lot of scope and bright future prospects due to improved transport, technological advancement, supply chain, and logistic infrastructure development.
Pakistan will succeed only if it keeps investing in Central Asia, China, and India regional networks. Equally important is the support for enhancing competitiveness, promoting exports, and developing knowledge infrastructures.
The Knowledge Revolution
The revolutionary era of the world is new technology. It marks the paradigm of development and wealth creation models as it places knowledge as the most strategic asset in development. The introduction of new technological advancements is enabling and catalyzing massive productivity increases and giving birth to new economic activity sectors.
The most happening technologies that will take over by future. Especially micro-electronics, human-made materials, robotics, computers, telecommunications, and biotechnology. The growth of ICT has shifted the world to a virtual space, and new global operating models for businesses have prevailed.
Pakistan has taken steps to connect itself with global trends by collaborating with private sector ‘Hi-Tech’ companies to rejuvenate existing systems and bring trending setups.
Financial and Economic Fragility
Initially, the global economy was recovering from issues related to energy price hikes, food crises, and financial collapse. Once the significant changes have been brought in by the global efforts. Sustainable Development Goals designed and platforms for international cooperation have provided better situations and favorable circumstances.
Social Trends
These days, the social trends prevailing globally are how to control the birth/death rate by providing the best health services. Also, it supports the country’s aging population as if the people will be lowered so the resources would be abundant and sufficient for the public. Pakistan is facing the challenge of a “Youth Bulge” as it continues to dominate the population.
Pakistan has planned to utilize the youngest workforce by engaging them in the economic development of the country worldwide by 2025. Another issue looming in Pakistan has increased Urbanization. Pakistan plans to use this urban growth to factor productivity, contribute to GDP, and foster the rise of the middle class. Also, it will pressure the government to provide the amenities, but again, businesses will contribute by designing top-notch commercial infrastructure with significant facilities.
This increased Urbanization will bring in better plans for re-accommodating the meaningful movement of the population from fully loaded cities to new setups with facilities green, smart and modern infrastructures.
Pakistan’s Vision is that by 2025, it will expand its education along with its quality, maximizing it. Pakistan also aims to provide e-education, mobile education, and online distance learning. So literacy shifted from pens to computers and tablets.
Pakistan targets its youth by developing programs to channel their strengths into better economic development, adding to the GDP. Also, it will control the social environment of the country. Pakistan’s youth is driven toward innovation and entrepreneurship. The government has designed and introduced the Prime Minister’s Youth Program to train and educate the youth to equip them with technical knowledge to enter the market.
Wrap-Up
While celebrating this independence day, let us all promise ourselves that we will achieve the designed plans in the coming years. We will ensure that the significance of growth and innovation is highlighted and followed, as increasing privatization and entrepreneurship are the cornerstones of our collective mission of bringing Pakistan as a prospering country on the international charter.
Let us reaffirm our commitment to our country’s growth and development. We must embrace and overcome this path’s hurdles, challenges, and risks. If we nurture the culture of entrepreneurship, amplifying the role of the private sector and fostering a collaborative environment, we can undoubtedly achieve sustainable development.
