Professional Documents
Culture Documents
Economy in Decline
1. Energy crisis takes a turn for the worse
2. Pak-China FTA 2006 (Phase 1) hurts Pakistan more
3. Pak-India trade across LOC starts but Mumbai attacks reverse any gains made
4. Global financial crisis 2008 – rise in oil prices, rise in inflation and slowing down of trade and economic activity
5. Declining foreign reserves – some $3.4 billion in 2013
6. Average GDP growth of Pakistan between 2008 and 2013 is approximately 2.6%
7. Fiscal deficit up to 8.5% in 2013
8. Government’s spending on elections from the treasury worsened the crisis
Foreign Policy
1. Deteriorating Relations with the US:
a. Raymond Davis Incident (27 Jan 2011)
b. Abbottabad Raid and killing of OBL (2 May 2011)
c. NATO kills 25 Pakistani Military Personnel (26 Nov 2011)
d. Blockade of NATO Route (Nov 2011 – Jul 2012)
2. Deteriorating Relations with India:
a. Mumbai Attacks (26 Nov 2008)
b. Execution of Ajmal Kasab (Nov 2012)
c. Frequent LOC Violations
3. Contract on Gwadar Port’s Construction and Operation sold to China (18 Feb 2013)
4. Inauguration of IP Pipeline Construction (11 Mar 2013)
The Nawaz Years: 2013 – 2017
Foreign Policy
1. The Civ-Mil Dimension (Nawaz vs. Raheel in particular)
2. Pak-China as a Balance to US-India
3. Testing the Pak-Russia Option
4. Tricky Situation with respect to Iran and Saudi Arabia (Yemen war, IMAFT, Qatar-GCC rift)
5. Importance of Regional Organizations (ECO and SCO)