Faculty / School
School of Economics and Social Sciences (SESS)
Was this content written or created while at IBA?
Yes
Document Type
Book Chapter
Publication Date
2024
Book or Conference Proceedings Title
Pakistan’s Pathways to Development: Integrating Economy, Environment & Society
Editor(s)
Neelum Nigar
First Page
25
Last Page
42
Publisher
Institute of strategic studies Islamabad (ISSI)
Place of Publication
Islamabad
Keywords
Pakistan,Economy,Development
Abstract / Description
Pakistan's unique geographical location, neighbouring two large economies-India and China, and proximity to the capital and natural resource-rich countries of the Gulf Cooperation Council (GCC) positions it strategically. Additionally, its role as a transit trade route for Afghanistan and Central Asia, the presence of Gwadar Port as an alternate route for China and Central Asian Republics (CARs), and historical ties with Iran and Turkey have ignited a rethinking about the nature of Pakistan's foreign relations.
Pakistan's National Security Policy (NSP) 2021 represents a directional shift towards geoeconomics as the pivot of its comprehensive national security paradigm. It asserts geoeconomics as one of the tools to achieve sustainable and inclusive growth whilst bolstering regional connectivity creating interdependencies and solidifying economic partnerships. Although the policy is aspirational, it has come under criticism for vagueness in timing, sequencing, phasing of various proposals burden-sharing arrangements for regional connectivity and lack of specificity in achieving this shift. This chapter provides an understanding of the initial framework for transforming this vision into action at the same time maximizing gains from Pakistan's geographical location.
Recommended Citation
Husain, D. (2024). Pakistan's pivot to Geoeconomics: Operational Perspectives. Pakistan’s Pathways to Development: Integrating Economy, Environment & Society, 25-42. Retrieved from https://ir.iba.edu.pk/faculty-research-series/132