"Pakistan's pivot to Geoeconomics: Operational Perspectives" by Dr. Ishrat Husain
 

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

Author Affiliation

  • Dr. Ishrat Husain is Dean and Director of the Institute of Business Administration, Karachi.

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.

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Business Commons

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