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So what happened to geo-economics?

ahaider97

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We did everything the IMF wanted.
Edit: I meant to write FATF instead of IMF.

We gave up Kashmir.

We helped America get out of Afghanistan.

There's a ceasefire on the LOC.

We didn't complete the pipeline with Iran.

We don't buy Russian energy.

Yet we are going begging around the world with no money.

What happened?
 
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RescueRanger

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Sep 20, 2008
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We did everything the IMF wanted.

We gave up Kashmir.

We helped America get out of Afghanistan.

There's a ceasefire on the LOC.

We didn't complete the pipeline with Iran.

We don't buy Russian energy.

Yet we are going begging around the world with no money.

What happened?
What happened?
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RescueRanger

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Afghanistan was supposed to be our strategic depth but right now TTP is using that vacant space. Guess we couldn't afford the rent, taliban raised it just like the coal prices.
No sir, Pakistani crabs blunted the man who was the tip of our spear in Afghanistan. We had good momentum in Afghanistan, all of that has been side-lined because of "beggars cannot be choosers" decided to side with the US narrative and their "protective hand" in high office also decided to squander what was given to us.
 

313ghazi

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Mar 14, 2017
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We did everything the IMF wanted.

We gave up Kashmir.

We helped America get out of Afghanistan.

There's a ceasefire on the LOC.

We didn't complete the pipeline with Iran.

We don't buy Russian energy.

Yet we are going begging around the world with no money.

What happened?

Lan laba.

When you act like a b1tch that's what happens.

Country of 250 million people scratching around for chicken feed. No productivity, no exports, decades of misgovernance, and leadership that likes to drop its pants at the blink of an eye.
 

Turingsage

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Sep 28, 2014
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Pakistan’s days of extracting geopolitical rent are over. What next?

Pakistan has immense latent capabilities to be a valuable partner for its key strategic partners, but its ruling elite must wake up to new realities.
Uzair M. Younus Published July 29, 2022 - Updated about 20 hours ago
1x1.2x1.5x
Since its independence some 75 years ago, Pakistan’s ruling elite have thrived on foreign largesse. Over the decades, the desire to benefit from geopolitical rents has become innate.
Lulled into a comfortable life, the current generation of this class is blind to how the geopolitical sands have shifted under their feet. Rather than wake up from their slumber and find a way to steady themselves and the country in today’s world, the country’s elite are insistent on staying firmly in place, no matter the consequences.
Since the turn of the 21st century, Pakistan’s stability has been underpinned by four main patrons — the United States, China, and the Gulf monarchies of Saudi Arabia and the United Arab Emirates.
It was the United States that offered a lifeline to Musharraf’s dictatorship following the 9/11 terror attacks. With loans restructured and Uncle Sam sending oodles of money to Islamabad and Rawalpindi, the good times had come back.
As the dictatorship collapsed under the weight of its own illegitimacy, the country stared into the abyss. But Washington needed a stable and secure Pakistan — the last thing anyone in the world wanted was the collapse of a nuclear-armed country and possible takeover of its nuclear assets by terrorists. Saudi Arabia and the United Arab Emirates — long-time strategic allies — also got involved, playing the role of political guarantor and lender of last resort.

Enter China​

By the time Washington soured on Pakistan, a new economic player was in town — China.
Another strategic ally, China was flush with cash and confidence at the time. It was done with hiding its strength and biding its time, and so embarked on a massive push to expand its global economic influence.
Islamabad, given its historical relationship with Beijing, emerged as a key target, especially because it was a neighbouring country whose economy was on the brink. Crippled by terrorism and power blackouts, Pakistan needed a saviour which emerged in the form of the China-Pakistan Economic Corridor (CPEC).
The good times rolled again, but like previous such cycles, Pakistan once again was on the brink. This time around, however, the geopolitical gods were not inclined to be kind to Pakistan and its ruling elite. A multipolar world was emerging and great power competition was back in vogue; the coronavirus only accelerated the pace of events.

Lessons from history​

In the past, great power competition between the United States and the Soviet Union had been a boon for Pakistan, but this time around the action was in East Asia.
Washington’s foreign policy establishment, which had begun its pivot to Asia under Obama in fits and starts, was shocked and awed by Donald Trump.
Read more: Geopolitics in unsettled times
China was priority number one, meaning that the forever war in Afghanistan had to be wrapped up. Biden continued this policy, clearly signalling that the only country in South Asia that he had a personal interest in was India.
This view was reinforced by the collapse of Ashraf Ghani’s regime in the backdrop of the withdrawal of American forces; Imran Khan’s statement that Afghans had broken the shackles of slavery underscored the view in Washington that Pakistan was not worth the drama.

Modernising the Gulf​

During this period, a major shift occurred in the Gulf monarchies as well. The emergence of a younger, more globally connected leadership in Saudi Arabia and the United Arab Emirates altered the regional geopolitical map.
The Arab monarchies were now interested in pursuing radical transformation of their economy, society, and foreign policy. The Abraham Accords, a major achievement of Trump’s presidency, was an inflection point.
The monarchies now cared about return on investment from their allies, which included Pakistan. Unfortunately for them, both the economic and geopolitical returns in the recent past were in the red.
China also began to develop a more nuanced and jaded view of Pakistan and what its elites could offer.
The beginning of the Khan government started things off on the wrong foot, with Army Chief Bajwa having to visit Beijing to smooth things over.
But trouble would have brewed regardless of who ruled Islamabad, primarily because Pakistan’s elites were pursuing policies that would neither satisfy Chinese expectations nor minimise risks to Chinese investments in the country. Payments owed to the Chinese got stuck, projects stalled, visas were not approved, and the security situation deteriorated sharply.

The road ahead​

The ongoing political and economic crisis must be viewed within the context of this history.
With the country’s ruling class currently engaged in scorched-earth warfare, all four of Pakistan’s historical patrons are recalibrating their policy towards Islamabad.
This is not only because Pakistan has fallen short of the expectations these countries have had over the years, but also because they have more important strategic challenges that they must contend with. As a result, they are not interested in spending an inordinate amount of time or resources in dealing with Pakistan.
Today’s increasingly multipolar world demands a different set of strategies from Pakistan. This is especially true because Pakistan’s traditional guarantors are preoccupied with a different set of challenges, and they increasingly believe that Pakistan does not offer much to them as a force multiplier — both geopolitically and economically.
This does not need be the case, because Pakistan has immense latent capabilities to be a valuable partner for its key strategic partners. For one, Pakistan’s defence capabilities, including its nuclear prowess, offers the Saudis a buffer to backstop its security concerns. Then there is the potential to be part of a diversified global supply chain as the world seeks to move away from China. Finally, to China, Pakistan offers access to a deep sea port if Gwadar finally reaches its potential.
Harnessing these capabilities, however, requires the country’s ruling class to first internalise that the world has changed – it will no longer rescue the Sick Man of South Asia simply because it is too big to fail.
Once elites recognise that the days of extracting geopolitical rents are over, the country can begin the process of rebuilding its value proposition to the world.

 

mr.robot

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It seems like US didn't like the person who was steering the op to get Taliban on top. He was sort of sidelined and his boss laid down the pants to cheer US. Now US is enjoying it... and will accommodate us on their on timing and terms.
 

Mirzali Khan

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Sep 25, 2020
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We did everything the IMF wanted.

We gave up Kashmir.

We helped America get out of Afghanistan.

There's a ceasefire on the LOC.

We didn't complete the pipeline with Iran.

We don't buy Russian energy.

Yet we are going begging around the world with no money.

What happened?

Nothing 😂😂
 

Kharral

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Dec 16, 2014
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We did everything the IMF wanted.

We gave up Kashmir.

We helped America get out of Afghanistan.

There's a ceasefire on the LOC.

We didn't complete the pipeline with Iran.

We don't buy Russian energy.

Yet we are going begging around the world with no money.

What happened?

Our cardinal sin is not destroying East India Company & we have no future until & unless we destroy East India Company.
 

Kharral

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hamein tou rent bhi nahi mila, khali hath reh gae


I'm more sad about not even getting the dividends on the shares we own

Who told you we own anything ?

Haven’t you heard the story about an old subedar from potohar, who said ‘Sahib meri tankhwa brha de warna’

The people entrusted with our slavery by East India company are that Subedar’s progeny.

We are such beghearts that not only we are pretty ok with slavery, we have also made that subedar & his progeny our heroes.
 

Wood

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Damn I messed up wanted to write FATF. My bad.
Another issue is the Afghan exit. Imran said things that angered America. Biden does not have good rapport with Imran.


But real reason for current economic situation is the violation of IMF terms.
 

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