Pakistan’s economy has had quite a grim first quarter this year. The country has witnessed a tremendous increase in political turmoil alongside an ongoing international crisis. With the ongoing blame game surrounding the international geopolitical framework between Pakistan and the United States, it is important for us to comprehend Pakistan’s current economic trade between the eastern and the western blocks to grasp a better understanding of Pakistan’s Geo-Economic standing.
In the March 2021 Islamabad Security Dialogue, Pakistan announced a paradigm shift from Geo-Politics to Geo-Economics, where the foundation of foreign relations would be derived from the economic fortune emanated from the strategic alliances rather than political interests. The recent political dynamics of Pakistan have put the country into an enigma, going against the goal of foreign and domestic policies based on geoeconomics, expunging our relationship with six of our top ten trade partners.
The historical love-hate relationship between the United States of America and Pakistan, whether we like it or not, has proved fruitful to the Pakistani economy, with the United States being our principal trade partner. Out of the top ten export partners of Pakistan, six are western nations, all are part of NATO, while four are Pakistan’s eastern trading partners, namely – China, Bangladesh, Afghanistan, and United Arab Emirates (UAE). The content in this publication is expensive to produce. But unlike other journalistic outfits, business publications have to cover the very organizations that directly give them advertisements. Hence, this large source of revenue, which is the lifeblood of other media houses, is severely compromised on account of Profit’s no-compromise policy when it comes to our reporting. No wonder, Profit has lost multiple ad deals, worth tens of millions of rupees, due to stories that held big businesses to account. Hence, for our work to continue unfettered, it must be supported by discerning readers who know the value of quality business journalism, not just for the economy but for the society as a whole.To read the full article, subscribe and support independent business journalism in Pakistan
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The historical love-hate relationship between the United States of America and Pakistan, whether we like it or not, has proved fruitful to the Pakistani economy, with the United States being our principal trade partner. Out of the top ten export partners of Pakistan, six are western nations, all are part of NATO, while four are Pakistan’s eastern trading partners, namely – China, Bangladesh, Afghanistan, and United Arab Emirates (UAE).
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