Pakistan: Upcoming destination for economic, trade, investment, tourism opportunities – Roya News English

Pakistan: Upcoming destination for economic, trade, investment, tourism opportunities – Roya News English

Geo-economics has increasingly started playing a much bigger role than the traditional geo-politics in international arena. Even the World Powers have started giving more space to geo-economic interests in their foreign policies than anything else. Trade, investment and economy based knowledge are shaping national interests as well as global trends. Booming and ever-expanding private stakeholders have become more influential and have pushed the states to think beyond politics and work for economic interests.

In this global context, Pakistan has launched ‘Economic Outreach Initiative’ and has undertaken a
paradigm transformation in its foreign policy, moving from geo-politics-dominated to geo-economics-
dominated foreign policy. The idea of this transformation is to explore and connect the economic
potentials of Pakistan with rest of the world. Pakistan, while being situated at the crossroads of Central Asia, Middle East and South Asia, offers very unique opportunities for trade, investment, tourism, education, logistics, etc. Recognizing this massively-untapped economic potential, China has invested billions of dollars in Pakistan in the form of China-Pakistan Economic Corridor (CPEC), major
component of China’s One-Belt One-Road Project (OBOR). CPEC is meant to increase the regional
connectivity between Asia and Europe to widen commercial avenues. It includes mega projects in
different sectors; roads, railways, energy, agriculture, water, industrial infrastructure