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........

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