Archives Pakistan - Page 5 of 11 - New Eastern Outlook

The first phase of the China-Pakistan Economic Corridor (CPEC) – the flagship project of the Belt and Road Initiative (BRI), has been completed and the project has entered into its second phase. This phase provides great opportunities for Pakistan, China, Africa, the Gulf States, and the Central Asian countries to increase their mutual trade and connect with the rest of the world in a much more secure and efficient way, decreasing their trade cost and increasing security.

Two South Asian neighbors, Iran and Pakistan, had been planning to construct a gas pipeline between the two sides since the 1990s. The two sides finally decided to construct the pipeline in the 2^nd decade of the century. Since then, the US sanctions on Iran are proving formidable for the completion of this project. Recently, the two sides once again decided to resume and complete this project. However, the United States have once again warned Pakistan of economic sanctions if it resumed the construction of the project.

Pakistan’s Bureau of Emigration and Overseas Employment’s recent report reveals that the country observed an unprecedented increase in migration in the last two years. Pakistan is facing difficulties in multiple sectors due to this brain drain. The key reason behind this high level of migration is Pakistan’s economic and political instability. The country needs to take significant measures to stop this loss of skillful youth…