The geoeconomics of CPEC – DAWN

GRAPPLING with a crippling economic crisis at home, Pakistan is compelled to tread slowly and carefully in the emerging geoeconomics and politics of the region. Although financial help and support from China, Saudi Arabia and the UAE have contributed to partially resolving the country’s balance of payments crisis, yet an IMF bailout seems inevitable. Some would translate it as a return to old partners in the West — or the US to be more precise.

The outgoing government used the investment under the China-Pakistan Economic Corridor (CPEC) not only to overcome the energy crisis and infrastructure-building but also to counter pressure from the US, which was growing with the resurgence of the Taliban in Afghanistan. The previous government also tried to maintain …. Read More on Dawn