Pakistan is an emerging diplomatic and economic power in the region, while global investor interest has significantly increased.
According to U.S. broadcasting organization Bloomberg, Pakistan’s highly active, wise, and forward-looking diplomatic role in the Gulf countries and the Middle East has made a strong impact globally. Despite the global energy crisis, Pakistan has become a consistent focus of international investors due to its exceptional economic stability.
According to Bloomberg, one of the most credible institutions for global financial data, Pakistan has succeeded in gaining confidence in international financial markets despite difficult regional and economic challenges. Pakistan’s economy has remained stable, the rupee is stable at 280 per dollar, while the KSE-100 index recorded only a minor decline of 1.3% over the year.
According to the Bloomberg report, major reasons behind Pakistan’s economic strength include cooperation with the International Monetary Fund, Gulf diplomacy, and financial assistance from Saudi Arabia and China. Saudi Arabia extended $3 billion in deposits and a $5 billion loan facility, while China invested $257 million in Pakistan’s first “Panda Bond.”
Bloomberg said that global economic powers appear to be recognizing Pakistan’s strategic importance. Due to its secure geographical location, Gwadar Port has the potential to become the region’s largest and most important strategic logistics hub.
According to experts, Pakistan’s geographical and military importance, the strategic position of Gwadar Port, and its growing diplomatic role in the Muslim world are becoming new attractions for global investors.
Experts further said that if IMF programs, financial support from friendly countries, and export-based reforms continue, Pakistan could become an emerging economic and trade economy in the region in the coming years.
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