Tuesday , February 20 2018

Pakistan joins the Trillion Dollar Market Club

Shaukat Hussain Butt

Islamabad: Pakistan achieved a key milestone by joining the ‘Trillion Dollar Markets Club’, the only country to do so in year 2017. According to Federal Secretary for Trade Younis Dhagga, Pakistan’s economy is only the 25th economy in the world to have achieved this key milestone.

Pakistan has been made a member of Trillion Dollar Markets Club. Members of the Trillion Dollar Markets Club are countries whose economies, measured by GDP on a purchasing power parity basis in current dollars, have grown larger than one trillion dollars.

The collective purchasing power of consumers in these countries is estimated to be in excess of one trillion dollars. Based on October 2017 IMF/World Bank estimates, Pakistan’s economy is believed to have grown to $1.056 trillion.

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