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Pakistan and Central Asia’s trade renaissance

44 0
01.12.2024


akistan and Central Asia, bound by history, culture and geography, are poised for an economic renaissance. As the world seeks new markets and connections, this underexplored region holds immense promise. For Pakistan, recognising and embracing Central Asian Republics as economic partners not only makes economic sense, but is also a strategic imperative.

Pakistan’s strategic location provides a natural bridge between Central Asia and the Arabian Sea, connecting the landlocked region to global markets. Geography makes Pakistan a unique hub for trade between the East and the West.

The country’s proximity to the Middle East, Europe and Africa enhances its place as a regional hub. Dr Abid Qaiyum Suleri, executive director of the Sustainable Development Policy Institute, notes that “Pakistan’s geography is its greatest asset in becoming the region’s trade hub.”

Central Asia, comprising Kazakhstan, Uzbekistan, Tajikistan, Turkmenistan and Kyrgyzstan, holds significant economic potential and untapped energy reserves. The region, rich in natural resources, has awakened from a deep slumber. Pakistan’s connectivity with the Arabian Sea and its trade agreements with various countries make it an ideal partner for Central Asia. Central Asia’s strategic location makes it a crucial hub for trade between Europe and Asia. Several trade routes connect the region to global markets.

Recent international developments have made Pakistan an important economic player for the CARs. The ancient Silk Road, once a thriving artery of commerce, connected the East and the West. Today, Pakistan and Central Asia seek to revive this legacy.

Stronger economic ties with Central Asia have the potential to significantly enhance Pakistan’s regional influence, providing a counterbalance to existing geopolitical pressures and offering greater leverage in navigating........

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