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Imran Khan’s government disrupted Pakistan’s relations with the US, China and
Saudi Arabia. The key challenge for Shahbaz Sharif’s government is to repair
those relations
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for the Kuala Lumpur Summit remained talk of Bundles Pe Via JazzCash
the town. At the eleventh hour, Khan postponed
his Malaysia visit to appease MBS-led Saudi JazzCash
Arabia. In August 2020, Saudi Arabia, as per
media reports, pressured Pakistan to pay back $1
billion Saudi loan on a short notice. Then foreign Open
minister Shah Mahmood Qureshi reacted by
issuing a sharply-worded statement, that added
fuel to the fire. The military authorities then
prevented a further deterioration in relations by
appointing a military-man as ambassador to the
Kingdom. As far as bilateral relations with Turkey
and Iran were concerned, there were no significant
developments that could have economically
helped Pakistan. Relations with India remained
confrontational owing to India’s unilateral
revocation of Articles 370 and 35A of its
constitution. Khan once hinted at opening trade
with New Delhi but later abandoned the idea. On
Afghanistan, the Central Asian States mostly
remained closer to India than Pakistan.
To cap it, the government led by Imran Khan
disturbed, if not disrupted, Pakistan’s relations
with the sole superpower, namely the US, and
major powers such as China and Saudi Arabia.
These countries are major economic actors
regionally and globally. Indubitably, the US and
the EU are major export markets, and thus a
source of forex, for the country. China, under the
CPEC, has invested in the country at a critical
time. The Saudis have traditionally supported
Pakistani economy through concessional oil
supply and deferred payments.
The key foreign policy challenge for the Shahbaz
Sharif government is to repair relations with
Washington, Beijing and Riyadh. With respect to
the latter, Prime Minister Sharif made a timely
visit to the Kingdom. It certainly boosted bilateral
engagement since the Sharifs enjoy warm,
personal and commercial ties with the Saudis.
Reportedly, Pakistani authorities got a much-
needed $8 billion economic package. Pakistan
ought to stay engaged with the US for economic,
diplomatic and military purposes. There is no
match for American military technology currently.
In addition, Pakistan has to satisfy growing
Chinese security concerns in order to consolidate
the CPEC. Both the countries ought to expand the
CPEC to Afghanistan and Iran to enlarge the
market and attract foreign direct investment. Last
but not the least, Pakistan ought to commercially
engage Central Asian States and gain their
diplomatic support on Afghanistan.
Finally, Islamabad must buy peace by not
indulging in any armed conflict with India.
Bilateral trade will be a win-win arrangement for
both countries. However, the idea needs to be
discussed at length with relevant domestic
stakeholders, including the military. Unilateral
action on this count could backfire.
In a nutshell, the Shahbaz government must
engage with important countries and stakeholders
in terms of economic diplomacy so that our
economic woes are addressed amicably.