SBP chief stresses investment in innovation |
ISLAMABAD: State Bank of Pakistan (SBP) Governor Jameel Ahmad on Wednesday called upon businesses to explore new markets and invest in efficiency and innovation.
Addressing the two-day ‘Dialogue on the Economy,’ organised by the Pakistan Business Council (PBC), Mr Ahmad emphasised the need for the country to be a significant player in the modern global economy instead of operating on its margins.
He stressed that Pakistan also has a window of opportunity for stronger engagement from partners such as the US, China, and the Middle East.
He, however, also warned that the country’s current economic growth model cannot sustain a rapidly growing population of 250 million people.
Warns current growth model with a rising population not sustainable
Mr Ahmad emphasised the urgent need for Pakistan to transition from short-lived stabilisation efforts to a durable, sustainable and outward-looking growth........