Q1: Discuss historic Pakistan–Turkey bilateral relations beyond the areas of socio-economic and strategic realms. Explain its geopolitical ripple effects in the Himalayas, the Arabian Peninsula, and the South Caucasus.
- Introduction
Pakistan and Turkey share a relationship rooted in historical brotherhood, Islamic solidarity, and mutual admiration. While strategic and economic ties are well-documented, their cooperation extends far beyond into cultural diplomacy, ideological alignment, and joint regional posturing. In recent years, this multidimensional alliance has created geopolitical ripple effects from the Himalayas to the Caucasus and the Gulf.
- Historical Foundations of the Relationship
- Khilafat Movement (1919–1924): Indian Muslims supported Turkey during its anti-colonial resistance.
- Pakistan’s Early Years: Turkey was among the first to recognize Pakistan in 1947.
- OIC & Muslim Brotherhood: Strong mutual cooperation in multilateral Islamic forums.
- Bilateral Cooperation Beyond Strategic & Economic Domains
- Religious & Cultural Linkages
- Shared Islamic values; emphasis on moderate Islamic identity.
- Joint support for Palestine and Kashmir causes on religious-ethical grounds.
- Educational & Media Collaboration
- Turkish language and cultural institutes in Lahore, Karachi, and Islamabad.
- Popularity of Turkish media (e.g., Diriliş: Ertuğrul) helped foster pro-Turkey sentiment.
- Pakistan-Turkey education exchange programs and scholarships.
- Parliamentary & Civil Society Engagement
- Regular Pak-Turk parliamentary friendship groups.
- NGO partnerships in health, earthquake relief, and rural development (e.g., TIKA, Turkish Red Crescent).
- Geopolitical Ripple Effects
- In the Himalayas
- Kashmir Support: Turkey openly backs Pakistan’s stance on Kashmir at the UN and OIC forums.
- India–Turkey Tensions: Turkey’s criticism of India post-Article 370 fueled diplomatic friction with New Delhi.
- China–Turkey–Pakistan Convergence?: Strategic alignment risks pushing India closer to the West (QUAD, I2U2).
Ripple Effect: Turkey’s support emboldens Pakistan’s narrative, but complicates regional diplomacy with India and China.
- In the Arabian Peninsula
- Saudi–UAE–Turkey Rivalry: Turkey’s assertive Middle East policies (Qatar, Muslim Brotherhood) conflict with Gulf monarchies.
- Pakistan’s Balancing Act: Turkey–Pakistan closeness complicates Pakistan’s neutrality in Saudi–Turkey contests.
- Humanitarian & Religious Solidarity: Coordinated Pakistan–Turkey relief for Syria, Palestine, and Yemen boosts pan-Islamic narrative.
Ripple Effect: Pakistan’s Turkish tilt could risk friction with Gulf allies, but may also enable a third-axis balancing Iran–KSA rivalry.
- In the South Caucasus
- Turkey–Azerbaijan–Pakistan Troika:
- Joint military drills (e.g., “Three Brothers” exercises)
- Support for Azerbaijan in Nagorno-Karabakh War (2020)
- Armenia–India Nexus: Armenia’s growing ties with India seen as response to Pak–Turkey–Azeri bloc.
- Connectivity Strategy: Pakistan supports Middle Corridor and Zangezur corridor linking Turkey to Central Asia.
Ripple Effect: Pakistan’s position in the South Caucasus expands its regional relevance but antagonizes India and Armenia.
- Scholarly and Strategic Perspectives
- Dr. Zafar Nawaz Jaspal: “Pakistan–Turkey partnership is evolving from kinship to geopolitical collaboration.”
- Ahmet Davutoğlu (Former Turkish FM): Advocated a “Muslim-Asian axis” of cooperation led by Turkey and Pakistan.
- Carnegie Endowment (2021): Warns of “tripolar tensions” among India, Armenia, and the Pak–Turkey–Azeri bloc.
- Challenges and Limitations
Challenge | Description |
Over-reliance on optics | Cultural and religious closeness often lacks policy depth |
India Factor | Turkey’s anti-India stance complicates Pakistan’s regional diplomacy |
Arab World Concerns | GCC bloc wary of Pakistan drifting toward Turkey–Qatar axis |
Geostrategic Overstretch | Risk of Pakistan becoming entangled in Caucasus and Levant affairs |
- Conclusion
Pakistan–Turkey ties have matured into a soft power alliance rooted in history, culture, and shared Islamic values. Their joint stance on Kashmir, Palestine, and Azerbaijan demonstrates an emerging pan-Islamic posture that transcends economics and strategy. However, this evolving partnership produces geopolitical ripple effects that affect diplomacy in the Himalayas, the Gulf, and the Caucasus, requiring nuanced balancing to serve Pakistan’s broader foreign policy objectives.
Q2: The UN Climate Summit (COP-27) in Sharm el Sheikh (Egypt) discussed Pakistan's catastrophic summer floods exacerbated by climate change and the country is facing imminent threat of epidemics and other multi-dimensional dangers. Discuss the COP-27 roadmap to face the challenge of climate change and proposed measures for the reconstruction and rehabilitation of Pakistan.
- Introduction
- Pakistan’s 2022 Climate Catastrophe: Background
| Indicator | Impact |
| Population Affected | 33 million+ |
| Deaths | 1,700+ |
| Livestock Lost | 1.1 million |
| Houses Damaged | Over 2 million |
| Cropland Damaged | 4.4 million acres |
| Economic Loss | $30–33 billion (UNDP & WB est.) |
- Epidemics: Surge in malaria, cholera, dengue, and skin diseases in Sindh and Balochistan.
- Infrastructure collapse: Roads, schools, hospitals destroyed in flood-hit areas.
- COP-27: Context and Significance for Pakistan
- Pakistan participated as the chair of G-77 + China, representing over 130 developing nations.
- Highlighted the link between low emissions (Pakistan <1%) and high climate vulnerability.
- Positioned itself as a leading voice demanding “Loss and Damage” financing.
- Key Outcomes of COP-27
| Outcome | Significance |
| Loss and Damage Fund | Historic agreement to compensate countries facing climate-induced disasters; Pakistan cited as a case study. |
| Sharm el Sheikh Implementation Plan | Reinforced the Paris Agreement but demanded faster global action. |
| Global Shield Initiative | Supported by Germany and G7; aims at disaster insurance and resilience for vulnerable countries. |
| Adaptation Funding | Developed countries urged to double adaptation finance by 2025. |
- Pakistan’s Climate Vulnerability Profile
- Ranked among the top 10 countries most vulnerable to climate change (Germanwatch Index).
- Faces glacial melt, extreme weather events, urban flooding, and heatwaves.
- Weak infrastructure and governance amplify climate risks.
- Reconstruction and Rehabilitation: Measures Proposed
- National Measures
- Post-Disaster Needs Assessment (PDNA) jointly launched by Pakistan, WB, ADB, EU, and UN.
- Resilient Recovery, Rehabilitation and Reconstruction Framework (4RF) launched with focus on:
- Social protection and health
- Water resilience
- Infrastructure rebuilding
- Green recovery and reforestation
- International Support
- Geneva Climate Conference (Jan 2023): Pledges of $9 billion mobilized for Pakistan’s climate-resilient reconstruction.
- UNDP & World Bank: Technical and financial support for rebuilding infrastructure and restoring livelihoods.
- Climate-smart agriculture: UN-FAO and WFP launched programs to protect food security in affected areas.
- Private Sector & NGOs
- Civil society and NGOs (Edhi, Al-Khidmat, TCF) played major roles in emergency relief and shelter provisioning.
- Microfinance programs launched to aid flood-affected farmers and women entrepreneurs.
- Challenges to Implementation
| Area | Challenge |
| Governance | Weak capacity, corruption risks, politicization of aid |
| Fiscal Space | High debt burden and inflation limit government investment |
| Climate Financing | Delays and lack of clarity in accessing Loss and Damage funds |
| Health Systems | Underfunded public health institutions unable to cope with epidemics |
| Infrastructure Gaps | Poor early warning systems and flood defenses in rural areas |
- Policy Recommendations
| Domain | Strategy |
| Climate Finance | Establish national-level climate fund to absorb global grants transparently |
| Disaster-Resilient Infrastructure | Use nature-based solutions like wetlands, mangroves, green belts |
| Health Preparedness | Strengthen disease surveillance and mobile health units in vulnerable regions |
| Community Engagement | Promote climate education, local early-warning networks, and risk awareness |
| Institutional Reform | Empower NDMA and Provincial Disaster Management Authorities (PDMAs) with autonomy and resources |
| Water Governance | Rehabilitate canal networks, build rainwater harvesting systems, and regulate groundwater |
- Conclusion
Q3: Discuss the core causes of Russian invasion of Ukraine which have considerable socio-economic, political and strategic consequences on the world. Explain its devastating impact on Pakistan and its severe lesson for the country's survival.
- . Introduction
The Russia–Ukraine War, which began on 24 February 2022, represents the largest conflict in Europe since WWII. Its causes are rooted in geopolitical rivalries, NATO’s eastward expansion, and Russia’s security doctrines, but its consequences have rippled far beyond the battlefield—disrupting global energy, food, and security systems. For Pakistan, a non-combatant, the war has delivered both economic shocks and strategic wake-up calls.
- Core Causes of the Russian Invasion
“The problem is not Ukraine’s independence, but its independence from Russia.” – Fiona Hill, U.S. Security ExpertCause Explanation NATO Expansion Russia opposed NATO’s post–Cold War expansion into former Soviet republics, particularly Ukraine. Ukraine’s Western Tilt Ukraine’s pursuit of EU/NATO membership threatened Moscow’s sphere of influence. Crimea & Donbas Precedents Russia annexed Crimea in 2014 and backed separatists in Eastern Ukraine (Donetsk & Luhansk). Security Doctrine Russia’s 2021 military doctrine identified Ukraine as a strategic buffer zone. Ethno-Historical Claim Putin described Ukraine as “an artificial state,” historically linked to Russia. - Global Socio-Economic and Strategic Consequences
- Energy Crisis
- Disrupted gas supplies to Europe, triggering a global spike in energy prices.
- Increased dependence on LNG exports from the U.S. and Qatar.
- Food Insecurity
- Russia and Ukraine jointly supplied 30% of the world’s wheat.
- Blocked grain exports led to rising prices, especially in Africa and South Asia.
- Inflation and Recession Risks
- Global inflation crossed 8% in 2022–2023.
- EU economies stagnated; developing countries suffered currency depreciation.
- Geopolitical Realignment
- Strengthened NATO unity (Finland & Sweden joined).
- China–Russia axis deepened.
- Revived Cold War bipolarity.
- Military Industrialization
- Return of militarized budgets in Europe and surge in defense spending.
- Unprecedented weaponization of global finance (SWIFT bans, asset freezes).
- Devastating Impact on Pakistan
Notable Instance:Sector Impact Energy Imported oil and gas prices soared → fuel subsidies worsened fiscal deficit. Inflation Headline inflation rose to 28–30% (2022–2023); food inflation crossed 40%. Agriculture High cost of fertilizer (urea, DAP) due to disruption in Russian supply. Foreign Policy Dilemma Pakistan abstained from UN resolutions → tried balancing Russia and West. Trade and Debt Trade imbalance worsened; IMF conditionalities stiffened amid global uncertainty. Food Security Imported wheat became expensive; domestic shortages intensified during floods. - Former PM Imran Khan’s visit to Moscow on invasion day (24 Feb 2022)—viewed as controversial, complicated diplomatic optics.
- Key Lessons for Pakistan’s Survival
“It is not the strongest that survives, but the most adaptable.” – Charles DarwinLesson Strategic Implication Geopolitical Neutrality Must Be Informed and Balanced Non-alignment needs strategic foresight, not isolation. Self-Reliance in Energy and Food Pakistan must reduce dependence on global commodity cycles—invest in green energy, agricultural resilience. National Unity and Preparedness Countries that are disunited and economically fragile are most exposed to external shocks. Diversify Trade & Diplomacy Pivot from overreliance on IMF/West toward Gulf, China, Africa, while maintaining balance. Strengthen Defense Without Provocation Security comes not only from arms but economic sovereignty and regional peace. - Conclusion
Q4: Discuss the project idea of China Pakistan Economic Corridor (CPEC) which is the great leap forward of economic regionalization in the globalized world. Explain its potential advantages, challenges and future prospects. ________________________________________
- Introduction
- Project Idea and Vision Behind CPEC
- Officially launched in 2015, valued initially at $46 billion (now over $62 billion).
- Aims to develop:
- Roads, railways, and logistics networks
- Energy infrastructure
- Special Economic Zones (SEZs)
- Port modernization (Gwadar)
- Follows the “1+4 cooperation framework”: CPEC as core, supported by energy, infrastructure, trade, and industrial cooperation.
- Components and Phases of CPEC
| Phase | Focus |
| Phase I (2015–2020) | Energy & Infrastructure: Power plants, highways (e.g., M-5 Multan–Sukkur), Gwadar port development |
| Phase II (2020–2025) | Industrial cooperation, SEZs (Rashakai, Dhabeji), agriculture modernization |
| Phase III (Post-2025) | Expansion into regional connectivity, digital economy, and sustainable development |
- CPEC as a Model of Economic Regionalization
- Links Central Asia, Middle East, South Asia, and Western China.
- Redefines geopolitics into geoeconomics.
- Facilitates inter-regional trade, energy pipelines, and digital corridors.
- Supports multipolar globalization, reducing dependency on Western markets and sea routes.
- Potential Advantages
- Economic Benefits
- Estimated to add 2–2.5% to Pakistan’s GDP.
- Generates 800,000+ jobs.
- Improves energy availability and industrial productivity.
- Strategic Connectivity
- Provides China a shorter trade route (~6,000 km reduction) to the Middle East.
- Enhances Pakistan’s role as bridge between Central Asia, China, and Indian Ocean.
- Gwadar Port Development
- Transforming into a deep-sea transshipment hub.
- Reduces regional reliance on Persian Gulf chokepoints.
- Socioeconomic Uplift
- Promotes infrastructure in neglected areas (e.g., Balochistan, Gilgit-Baltistan).
- Introduces modern agricultural and digital practices.
- Challenges and Criticisms
| Domain | Challenge |
| Security | Attacks by insurgent groups (BLA, TTP); Chinese engineers targeted |
| Political Instability | Delays in implementation due to federal–provincial tensions |
| Transparency & Debt | Concerns over debt trap diplomacy and lack of public disclosure |
| Local Discontent | Gwadar locals demand rights over land, jobs, and water |
| Regional Geopolitics | India opposes CPEC passing through Gilgit-Baltistan; U.S. skepticism of BRI |
- Future Prospects and Strategic Recommendations
- Complete SEZs with Local Stakeholder Engagement
- Operationalize Rashakai, Dhabeji, and Allama Iqbal Industrial Zones with local employment quotas.
- Strengthen Security Infrastructure
- Empower Special Security Division (SSD) and build community-police trust in Balochistan.
- Promote Regional Connectivity
- Link CPEC to CARs (Central Asian Republics) via TAPI and CAREC corridors.
- Integrate with Iran’s Chabahar for regional synergy, not competition.
- Digital CPEC & Climate Adaptation
- Include fiber optic, fintech, and green energy projects in next phase.
- Use CPEC as tool for climate-resilient infrastructure (e.g., smart irrigation, solar grids).
- Institutional Reforms
- Strengthen CPEC Authority with cross-party consensus.
- Ensure PPP (Public–Private Partnership) model for sustainable financing.
- Conclusion
Q5: November 15, 2022, will be a historic date in humanity's history because on this date the Earth's population reached the 8 billion mark. Critically discuss that the 21st century is a century of rapid population growth which has a devastating negative impact in the world. Explain the severe
- Introduction
- Global Population Growth: The 8 Billion Milestone
| Indicator | Statistic |
| World Population (2022) | 8 billion |
| Expected by 2050 | 9.7 billion |
| Countries contributing most | India, Nigeria, Pakistan, Ethiopia, DRC |
| Median Age (Global) | ~30 years |
- Asia accounts for ~60% of the global population.
- India surpassed China in 2023 as the most populous country.
- 21st Century Population Growth: Regional Trends
| Region | Trend |
| Africa | Fastest-growing; population to double by 2050 |
| South Asia | High fertility in Pakistan, Bangladesh, Afghanistan |
| Europe | Shrinking populations; aging crisis |
| Middle East | High youth bulge; job market under stress |
| North America | Stabilized growth; immigration-dependent economies |
- Devastating Global Consequences of Rapid Population Growth
- Socioeconomic Impact
- Youth Unemployment: Over 40% youth joblessness in some South Asian and African states.
- Urban Overcrowding: Slums expanding in Lagos, Dhaka, Karachi.
- Education & Health Pressure: Overburdened schools, hospitals, and sanitation systems.
- Food Insecurity: Land pressure, water scarcity, and reliance on imports.
- Environmental Degradation
- Deforestation & Habitat Loss: Expansion of agriculture and housing destroys ecosystems.
- Carbon Emissions: More people = more consumption = higher emissions.
- Waste Generation: Unmanageable urban solid waste; air and water pollution rise exponentially.
- Political & Strategic Consequences
- Migration Crises: Millions displaced due to climate, conflict, or lack of opportunities.
- Conflict Potential: Resource-based conflicts over water, land, and energy (e.g., Nile basin, India–Pakistan Indus water dispute).
- Weak Governance: Fragile states unable to manage population pressure risk collapse or authoritarianism.
- Case Studies
- Africa (e.g., Nigeria)
- Will overtake the U.S. in population by 2050.
- Faces deep challenges in youth employment, infrastructure, and governance.
- South Asia (e.g., Pakistan)
- Over 240 million in 2024; population doubling time: 29 years.
- Food inflation, water stress, housing shortages increasingly visible.
- Europe (Inverse Case)
- Facing population decline and aging—resulting in labor shortages, low productivity, and pension crises.
- This demographic inversion is causing dependency on immigrants from high-growth regions.
- Future Projections and Demographic Divide
- Global South: Young, fast-growing populations facing unemployment, migration, instability.
- Global North: Aging, declining populations facing economic stagnation and dependency burdens.
- Policy Responses and Sustainable Solutions
| Area | Recommendation |
| Education | Universal access to girls’ education → delayed marriage, lower fertility |
| Family Planning | Access to modern contraceptives and reproductive health |
| Urban Planning | Smart cities, vertical housing, green infrastructure |
| Climate Resilience | Sustainable agriculture, clean energy, and carbon budgeting |
| Global Cooperation | North-South partnerships to manage migration, resources, and trade equitably |
- Conclusion
Q6: Critically discuss the conceptualized energy’s influence on world geopolitics and its distinctiveness in global energy governance.
- Introduction
- Conceptualizing Energy in Geopolitics
- Geopolitics of energy refers to how the distribution and control of energy resources influence global power dynamics.
- Energy is viewed both as:
- A strategic asset (e.g., Russian gas to Europe).
- A diplomatic weapon (e.g., OPEC+ price controls).
- It influences military strategy, foreign policy, economic leverage, and regional alliances.
- Historical Context: Energy as Power
| Era | Energy Factor | Geopolitical Impact |
| 20th century | Oil (Middle East) | Shaped U.S. alliances, Gulf Wars, Arab–Israeli conflict |
| Cold War | Soviet gas pipelines | Strategic divide in Europe |
| Post-2000s | Resource nationalism | Venezuela, Iran sanctions, Caspian power contest |
| 2022 | Russia–Ukraine War | Weaponization of gas supplies; reshaped EU policies |
- Contemporary Energy Geopolitics
- Fossil Fuels & Strategic Leverage
- Russia’s dominance in Europe’s gas supply created political dependence.
- OPEC+ (esp. Saudi Arabia) influences global oil prices → economic ripple effects globally.
- U.S. shale revolution shifted its role from importer to exporter, challenging old dependencies.
- Renewable Energy Rivalry
- China controls ~80% of global solar panel and rare earth supply chains.
- Battery geopolitics emerging as new flashpoint (Lithium Triangle: Bolivia, Argentina, Chile).
- Green technology patents dominated by the Global North → tech nationalism.
- Maritime Energy Chokepoints
- Strait of Hormuz, Malacca Strait, and Bab-el-Mandeb remain critical for global oil flows.
- Naval presence in these regions directly impacts energy security.
- Distinctiveness of Global Energy Governance
| Feature | Explanation |
| Fragmented Institutions | Unlike trade (WTO), energy lacks a central regulatory body. |
| Regional Cartels | OPEC and OPEC+ dictate oil policy; IEA influences consumers’ strategy. |
| Asymmetric Power Distribution | Producer vs. consumer states have diverging goals (e.g., Gulf vs. Europe). |
| Informal Governance Networks | Energy forums (GECF, IRENA, etc.) are advisory, not legally binding. |
| Transition Dilemma | No consensus on fossil fuel phase-out vs. developing countries’ energy needs. |
- Challenges in Global Energy Politics
| Challenge | Impact |
| Energy Security vs. Climate Goals | Fossil fuels still dominate despite climate targets. |
| Green Colonialism | Global South supplies raw materials, Global North controls technologies. |
| Resource Nationalism | States increasingly restrict energy exports for domestic security. |
| Energy Inequity | ~770 million people globally lack access to electricity (mostly in Sub-Saharan Africa, South Asia). |
| Conflict over Pipelines | Nord Stream sabotage, EastMed disputes reflect infrastructure insecurity. |
- Future Outlook: Towards Energy Security and Transition
- Geopolitical Rebalancing
- Shift from petro-powers to electro-states (countries with battery/mineral dominance).
- Multipolarity: China, U.S., EU, India all shaping independent energy narratives.
- Decentralized Energy Systems
- Rise of solar microgrids, green hydrogen, and local renewables to reduce interdependence.
- Countries like India and Pakistan investing in hybrid renewable models.
- Need for a Global Green Energy Governance Framework
- Calls for:
- Equity in transition financing
- Technology transfers
- Global carbon budget enforcement
- Conclusion
Q7: Critically discuss why Pakistan's economic growth continues to be "Balance-of-Payments" (BoP) constrained, which is one of the core causes keeping the foreign exchange reserves under pressure. Do you think that Pakistan's export performance remains the most relevant long-term challenge to alleviate the BoP constraint for sustained economic growth? Explain radical structural reforms needed to improve export performance.
- Introduction
- Understanding the Balance-of-Payments (BoP) Constraint
- Its imports grow faster than exports.
- Foreign capital inflows (FDI, remittances, loans) are insufficient or volatile.
- It struggles to maintain adequate reserves without external borrowing.
- Why Pakistan’s Growth Is BoP-Constrained
| Factor | Explanation |
| Import-Intensive Growth | Energy, machinery, and intermediate goods heavily imported even for domestic production. |
| Weak Export Base | Exports stagnated around $30–35 billion over a decade despite rising trade needs. |
| Persistent Trade Deficit | Trade deficit often exceeds $25–30 billion annually. |
| Debt Servicing & Oil Imports | 45–50% of forex reserves go to external debt and oil imports. |
| Currency Devaluation | Chronic pressure on PKR leads to inflation and reduced competitiveness. |
- Export Performance: Key to Sustainable BoP Relief
- Exports are the most sustainable source of foreign exchange—unlike remittances or debt inflows which are non-productive or volatile.
- Higher exports reduce CAD, ease pressure on the rupee, and allow import liberalization for industrial growth.
- Countries like Bangladesh and Vietnam showcase how export-led strategies can stabilize BoP and uplift GDP simultaneously.
- Structural Weaknesses in Pakistan’s Export Economy
| Weakness | Impact |
| Low Value Addition | Over 60% of exports are low-tech, labor-intensive textile products. |
| Lack of Diversification | Over-reliance on 3–4 products and markets (e.g., U.S., EU). |
| Poor Logistics & Infrastructure | High cost of doing business; delays at ports, energy shortages. |
| Outdated Industrial Policies | Lack of export competitiveness and scale due to subsidies without innovation. |
| Regulatory Bottlenecks | Tax burden, refund delays, poor access to finance, policy inconsistency. |
- Radical Structural Reforms for Export-Led Growth
- Export Diversification
- Promote agro-processing, engineering goods, IT services, pharmaceuticals, auto parts, and halal food.
- Reduce dependency on low-margin textiles by scaling up value-added fashion and synthetic textiles.
- Industrial Clusters & SEZs
- Strengthen Export Processing Zones (EPZs) with one-window clearance, tax holidays, and labor market flexibility.
- Align CPEC SEZs (Rashakai, Dhabeji) with export sectors.
- Incentivize Innovation & R&D
- Tax rebates for R&D spending.
- Export refinancing schemes linked to productivity benchmarks.
- Digital & Service Exports
- Promote freelancing, e-commerce, fintech, and software exports.
- Improve internet infrastructure and global payment systems (e.g., PayPal, Stripe entry).
- Regional Trade Integration
- Leverage proximity to Central Asia, Middle East, and Africa via preferential trade agreements (PTAs).
- Normalize trade with India under a conflict-management framework to access a vast consumer base.
- Macroeconomic Stability & Currency Management
- Avoid overvaluation of PKR to maintain export competitiveness.
- Reduce reliance on debt-led reserves; build reserves via export surpluses.
- Conclusion
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