Tag pakistan

Political Turmoil in Pakistan: Challenges and Changes Ahead

Political Turmoil in Pakistan: Challenges and Changes Ahead

Even as one circus of the absurd has ended in Pakistan, another has begun. The farcical nature of the electoral exercise in the country has produced an even more farcical outcome. Even as Imran Khan's Pakistan Tehreek-e-Insaf (PTI)-backed independent candidates continue to maintain their lead on the victory board, Nawaz Sharif has gone ahead and given a victory speech.
Climate Change and Economic Opportunities in Pakistan

Climate Change and Its Implication for the Economy in Pakistan

In a captivating and intellectually stimulating session led by the distinguished Dr. Jabir Syed, an accomplished Associate Professor of Environmental Studies at COMSATS University, Islamabad, Pakistan, a comprehensive exploration of the dire and far-reaching consequences of climate change on Pakistan's economy and its multifaceted sectors unfolded. Pakistan, a nation ranked among the top five most vulnerable to the ravages of climate change, has found itself ensnared in the clutches of an intensifying climate crisis over the past two decades. This crisis has manifested through a litany of harrowing events, including cataclysmic floods, meteoric temperature spikes, and erratic weather patterns, all of which have wrought havoc upon the country's socioeconomic tapestry.
Increased Diplomacy Challenges India as SCO Host

Increased Diplomacy Challenges: India as SCO Host

On 28 April, New Delhi hosted a Shanghai Cooperation Organisation (SCO) member countries’ defence ministers conclave to discuss regional peace and security, counterterrorism efforts and effective multilateralism. The conclave, chaired by India’s defence minister Rajnath Singh, saw the in-person participation of his counterparts from Russia, China, Iran, Belarus, Uzbekistan, Kazakhstan, Kyrgyzstan and Tajikistan. The special defence advisor to the Prime Minister of Pakistan joined virtually.
Relevance and Reliance on China's Provisions of providing Financial System

Relevance and Reliance on China’s Provisions of providing Financial System

The crises in Sri Lanka and Pakistan are raising questions about the relevance and the costs of their reliance on the alternative financial system provided by China’s Belt and Road Initiative On March 6, China became the last major bilateral creditor to provide financing and restructuring assurances to Sri Lanka. Following this, the International Monetary Fund (IMF) has agreed to make a final decision on Colombo’s $2.9 billion bailout package. Sri Lanka’s consistent back-and-forth negotiations with the IMF and China indicate a broader development in South Asia. In 2022, two other South Asian nations and participants of the Belt and Road Initiative (BRI) — Pakistan and Bangladesh — had sought financial assistance from the IMF. These developments in the subcontinent indicate that developing countries are furthering their economic interests and stability by approaching the IMF and the West, even as they try not to antagonise China.