The Pakistan Stock Exchange (PSX) has made headlines with its remarkable performance, surpassing the 93,000-point threshold on November 8, 2024....
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As the world braces for Donald Trump's second term as president, Pakistan finds itself at a critical juncture in its foreign policy and economic trajectory. While the return of a familiar face to the White House stirs its own brand of global anticipation, Pakistan sees this moment as an opportunity to reset, rebuild, and reassert itself on the international stage, particularly with respect to its relationship with the United States. The stakes are high, both for Pakistan’s domestic stability and its global positioning, especially given the turbulent history of US-Pakistan relations and the political challenges at home. The re-election of Donald Trump is notable not only for the political polarization it signifies in the US but also for the profound implications it holds for Pakistan, which continues to grapple with the legacy of past administrations’ foreign and domestic policies. While the Trump administration’s initial term was marked by sharp rhetoric and transactional diplomacy, Pakistan, like many others, hopes for a more constructive engagement in the years ahead. In this moment of global uncertainty, we are prepared to engage with the US in a manner that respects Pakistan’s sovereignty, acknowledges our efforts to combat terrorism, and supports regional stability. Pakistan has long played a pivotal role in the geopolitical dynamics of South Asia, particularly in the US-led war in Afghanistan. During Trump’s first tenure, despite the often contentious relationship, Pakistan proved to be a crucial partner in facilitating critical operations, particularly those related to the safe extrication of Afghans who had supported US forces. The role Pakistan played in facilitating peace talks, providing logistical support, and managing the delicate relationship with the Taliban was an essential component of the broader strategy that aimed to stabilize Afghanistan and secure US interests. Pakistan has also made significant contributions in the fight against terrorism, often at great cost to our own national security. Our army and intelligence agencies have been engaged in counterterrorism operations for over a decade, combating insurgents and militants that threaten both regional and global stability. As Pakistan continues its battle against extremism, we hope the new US administration recognizes and values the sacrifices Pakistan has made, especially in curbing terrorist networks operating across our borders. The relationship between the US and Pakistan has always been a balancing act—at times cooperative, at times fraught with tension. But the hope is that under Trump’s second term, this partnership can evolve into one of mutual respect, where both countries acknowledge each other’s interests and priorities, particularly with regard to Afghanistan, counterterrorism, and the broader quest for peace and security in the region. While Pakistan’s foreign policy challenges are significant, the internal political landscape is equally complicated. We face significant economic hurdles, a direct consequence of policy missteps by previous administrations. Over the last decade, Pakistan has struggled with fiscal instability, mounting debt, and a declining international reputation. These challenges were compounded by the policies of previous governments, which left the country isolated and burdened with unsustainable economic decisions. The current government recognizes that rebuilding Pakistan’s economy requires more than just fiscal adjustments—it demands strategic reforms, international cooperation, and a long-term vision for economic resilience. Under the leadership of Prime Minister Shehbaz Sharif, we are actively working to stabilize the economy, attract foreign investment, and restore Pakistan’s reputation as a reliable partner on the global stage. We are prioritizing infrastructure development, expanding our digital economy, and fostering an environment conducive to business growth. Our commitment to fiscal responsibility is underscored by ongoing efforts to meet the requirements set by international financial institutions, while also focusing on policies that will create sustainable jobs and improve the quality of life for our citizens. The government's focus on ensuring that economic policies serve the broader interests of the people, rather than narrow political agendas, will be crucial in navigating the current economic climate. As we move forward, Pakistan is keen to re-engage with the US administration on issues of mutual interest. Trade and economic collaboration should be at the center of this renewed relationship. For years, Pakistan’s economic potential has been stifled by a combination of internal mismanagement and external isolation. But as the world’s 25th-largest economy, Pakistan holds immense potential in sectors like agriculture, technology, energy, and services. With strategic international partnerships, we can unlock these opportunities and provide economic stability and prosperity for our citizens. At the same time, we must continue to assert our independence in decision-making. Pakistan is committed to engaging with the US and other global powers in a way that respects our sovereignty and prioritizes our national interests. This does not mean rejecting cooperation—it means approaching it with a sense of balance, ensuring that Pakistan’s priorities, particularly in terms of security and regional stability, are always at the forefront of any engagement. Pakistan is a country determined to move beyond the mistakes of the past. We are not blind to the flaws in our past policies, particularly those that exacerbated tensions with neighboring countries and the international community. However, Pakistan’s resilience is one of its defining features. Despite the economic setbacks and political challenges, our nation has weathered many storms, and we remain hopeful that with the right strategic guidance, we can overcome our current difficulties and emerge stronger. As we enter a new phase of engagement with the US, Pakistan must also look inward, working toward building a more transparent, inclusive, and accountable system of governance. This is not only critical for domestic stability but also essential in restoring international confidence in Pakistan as a reliable partner. The people of Pakistan, though weary from years of political instability and economic hardship, remain resilient and hopeful. They continue to believe in the potential of their country—a potential that has been stifled but is not yet extinguished. With the right international support, especially from strategic partners like the US, and a renewed commitment to internal reforms, Pakistan can return to the path of sustainable growth and development. In this new chapter, we call on the US administration, under President Trump, to engage with Pakistan as a partner in building a more stable, prosperous, and secure region. By doing so, we can turn the page on past grievances and focus on a future defined by collaboration, mutual respect, and shared goals.
The Pakistan Stock Exchange (PSX) has made headlines with its remarkable performance, surpassing the 93,000-point threshold on November 8, 2024....
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