Economic Revolution: Pakistan's Path to Global Competitiveness I Geo-Economics

Geo-economics is a phrase that has gained currency in Pakistan after the recent national security policy. Globalization has always been on the rise and assumed different forms through history. It offers opportunities that Pakistan has always refused to take.
Pakistan has always felt that foreign policy, global alliances and reliance on foreign borrowing is going to shape its destiny, even while its stunted companies do not export and thoughtless and bureaucratic regulations stifle investment and growth.
Pakistan has never established a regional presence either economically or politically. What can be done to integrate Pakistan into the regional market even if our problem with India continues? Is it a foreign policy problem or an economic problem? For example, why don’t our companies expand the relationships in the Middle East, Central Asia, and the local region?

- We have limited trade with African countries and the Far East. Why is it so?
- Once again, why are our companies shy of doing that?
- Our embassies have a large number of commercial officers. We have laid a great deal of emphasis on economic diplomacy.
- The ministry of commerce and TDAP focus on increasing exports. Yet why do our exports never
increase? Do we need to restructure these offices? If so, how?
- We continue to run after foreign investment and then try to hold up repayments. Do we gain from foreign investment while our own companies cannot invest?
- What is so special about foreign investment and so bad about our own investment?
- Pak-India trade continues to be a hope. Given Modi’s reelection and behavior, will Pakistan be able to achieve this and if so, at what cost?

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