BR100 Increased By (2.94%)
BR30 Increased By (3.47%)
KSE100 Increased By (2.69%)
KSE30 Increased By (2.84%)
BECO 5.62 Increased By ▲ 0.04 (0.72%)
BML 59.51 Decreased By ▼ -1.71 (-2.79%)
BOP 34.61 Increased By ▲ 0.93 (2.76%)
CNERGY 8.08 No Change ▼ 0.00 (0%)
DCL 12.05 Increased By ▲ 0.41 (3.52%)
FCCL 54.40 Increased By ▲ 2.26 (4.33%)
FCSC 5.52 Decreased By ▼ -0.11 (-1.95%)
FFL 18.05 Increased By ▲ 0.04 (0.22%)
FNEL 1.33 Decreased By ▼ -0.02 (-1.48%)
HUMNL 11.07 Increased By ▲ 0.03 (0.27%)
KEL 8.05 Increased By ▲ 0.21 (2.68%)
KOSM 5.88 Increased By ▲ 0.15 (2.62%)
MLCF 90.52 Increased By ▲ 4.01 (4.64%)
NBP 190.17 Increased By ▲ 5.87 (3.19%)
PACE 11.53 Decreased By ▼ -0.12 (-1.03%)
PAEL 41.07 Increased By ▲ 1.11 (2.78%)
PIAHCLA 25.84 Increased By ▲ 0.17 (0.66%)
PIBTL 17.51 Increased By ▲ 0.24 (1.39%)
PPL 225.84 Increased By ▲ 3.17 (1.42%)
PRL 34.63 Increased By ▲ 0.17 (0.49%)
PTC 64.62 Increased By ▲ 0.88 (1.38%)
SEARL 91.38 Increased By ▲ 0.92 (1.02%)
SSGC 26.97 Increased By ▲ 0.30 (1.12%)
TELE 8.93 Increased By ▲ 0.02 (0.22%)
THCCL 69.16 Increased By ▲ 0.69 (1.01%)
TPLP 10.90 Decreased By ▼ -0.30 (-2.68%)
TREET 24.64 Decreased By ▼ -0.06 (-0.24%)
TRG 69.78 Decreased By ▼ -0.81 (-1.15%)
WAVES 11.16 Increased By ▲ 0.05 (0.45%)
WTL 1.27 No Change ▼ 0.00 (0%)

This is apropos two back-to-back letters to the Editor titled ‘Modi’s visit to Russia: impact on Pakistan’ carried by newspaper on Wednesday and yesterday Pakistan can consider a multi-faceted approach. Strengthening strategic alliances with China and Russia should be a priority.

Deepening the strategic partnership with China, particularly through the China Pakistan Economic Corridor (CPEC), remains crucial. Additionally, enhancing relations with Russia, despite Modi’s visit, can ensure that Pakistan continues to benefit from Russian defense and economic cooperation. Engaging in high-level diplomatic exchanges with both these major powers can solidify Pakistan’s position in the region.

Diversifying diplomatic engagements is another essential step. Strengthening ties with Central Asian countries can open new avenues for trade and energy cooperation, reducing economic dependency on any single country. Actively engaging with other major powers like Turkey, Iran, and the European Union can create a more balanced foreign policy, offering broader support. Participation in international forums such as the Shanghai Cooperation Organization (SCO) and the Organisation of Islamic Cooperation (OIC) can help Pakistan build a broader base of international support.

Economically, Pakistan should focus on boosting diversification and promoting foreign direct investment (FDI). Enhancing trade with regional partners and improving the business environment can attract more investment.

Expanding and securing CPEC projects by highlighting their economic benefits and regional integration aspects can attract additional investment from countries in Central Asia and the Middle East. Investing in infrastructure improvements to support trade and logistics will make Pakistan a more attractive regional trade hub.

In terms of security policy, enhancing counterterrorism cooperation through strengthened intelligence sharing with China and Russia is vital. Modernizing and training security forces can improve their capabilities in counterterrorism and counterinsurgency operations.

Engaging in regional security dialogues and initiatives, such as the SCO, can help in addressing regional stability and combating terrorism. Addressing domestic insurgencies with comprehensive strategies that include development programs, political dialogue, and targeted security operations can dismantle insurgent networks, ensuring greater internal stability.

Qamar Bashir

Copyright Business Recorder, 2024

Comments

Comments are closed for this article.