![]() |
|
#1
|
|||
|
|||
Using its strategic geopolitical positioning, Pakistan has scored several eco**mic advantages leaving India behind, said an article published in Forbes.Pakistan, it said, successfully negotiated with the US and China for a ****** of financial benefits and exploited its proximity to Afghanistan to get its huge foreign debts written off from Washington. “Beijing needed a western route to the Middle East, and Africa–China’s second continent. Ideologically that is, which can explain why Beijing committed $46 billion to China-Pakistan Eco**mic Corridor (CPEC),” says the Forbes article. Pakistani government under General (Retd) Pervez Musharraf was successful in having its huge external debt, constituting 60% of GDP, written off. This led to a major strengthening in Pakistani currency and an increase in inflow of foreign capital, with the country subsequently enjoying a burgeoning financial landscape, wrote contributing Forbes writer Pa**s Mourdoukoutas, who is a professor of eco**mics at New York's LIU Post and Columbia University. More recently, China's interest in investment in Pakistan as well as the China-Pakistan Eco**mic Corridor has brought the country into spotlight. While tensions remain between Chinese and Indian leadership, Pakistan has fully benefitted from the next-door eco**mic giant. China has also blocked several attempts by India to join the Nuclear Supplier Group (NSG), as well as sided with Pakistan on the Kashmir issue, the US magazine **ted. أكثر... |
|
|