Archives Pakistan - Page 8 of 11 - New Eastern Outlook

Pakistan is set to conduct general elections on 8^th February 2024. Following the internal political instability in the country, and the regional and global geopolitical events, these elections hold seminal significance. The results of these elections will be highly consequential for the future of Pakistan. Although the results of the elections are highly predictable, the upcoming government will have to face formidable challenges ahead…

Very soon, Pakistan will be forced to cease any ideas of adopting a so-called “hedging” strategy to survive and thrive in the new multipolar world. With China, Russia, and the growing BRICS contingents in focus (particularly Iran), it should be clear that critical Indo-Asian nations and a handful of smaller states will soon hop on the Russo-Chinese bandwagon. The U.S. and its allies have but one chance to remain key partners and maintain economic and geostrategic security. Acceptance of the rising multipolar world community and cementing policies…

As Pakistan struggles with yet another round of loans from the IMF, people are keen to ask how we got here in the first place. The answer seems simple. Unrestricted and unsustainable spending by the state is compounded by a painfully low tax base. The lack of sufficient and good-quality domestic production leads to an overdependence on imports and a lack of exports, especially in intermediate to high-value goods. Interest payments on past debts are racking up. In short, everything is moving in the same direction: a negative balance of payments.