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Saturday October 12, 2024

Pakistan’s strategic moment

The imminent SCO conference underscores Pakistan’s growing importance on the global stage

By Dr Muhammad Ahmad And Dr Zoofishan Hayat
October 12, 2024
Prime Minister Shehbaz Sharif addressing the SCO summit in Astana, Kazakhstan, on July 4, 2024. — PMs Office
Prime Minister Shehbaz Sharif addressing the SCO summit in Astana, Kazakhstan, on July 4, 2024. — PM's Office

The convening of the SCO Summit in Pakistan represents a watershed moment, heralding a plethora of benefits for the host nation. This seminal event underscores Pakistan’s strategic significance and its commitment to fostering regional cooperation and economic development.

The gathering will bring together international delegates, business leaders, and policymakers, setting the stage for an unprecedented opportunity to enhance Pakistan’s economic potential and regional integration.

The imminent SCO conference underscores Pakistan’s growing importance on the global stage. Hosting such a significant event not only elevates Pakistan’s diplomatic stature but also highlights its pivotal role in regional dynamics.

This visibility is expected to attract substantial foreign direct investment (FDI), particularly in vital sectors such as energy, infrastructure, and technology. The anticipated influx of FDI will invigorate Pakistan’s economy, fostering industrial diversification and accelerating economic growth.

The economic advantages of the SCO Summit are substantial. The event acts as a catalyst for heightened foreign direct investment (FDI), as international delegates and corporate leaders gather in Pakistan to examine its economic potential. The surge of global interest facilitates strong trade agreements and collaborative projects, especially in the fields of energy, infrastructure, and technology.

The conference will also emphasise Pakistan's emerging market, drawing investors keen to leverage its strategic position and youthful demographic, and serve as a platform for Pakistan to present its diverse cultural heritage and dynamic societal attributes. Hosting a diverse assembly of nations enables Pakistan to enhance its image, challenge existing stereotypes, and promote mutual understanding. This cultural diplomacy enhances interpersonal connections and encourages tourism, thereby reinforcing economic gains.

The China-Pakistan Economic Corridor (CPEC) is already reshaping regional connectivity, and the SCO Summit will highlight Pakistan’s pivotal role in enhancing trade between Central Asia, South Asia, and other regions. This strategic positioning is expected to result in more advantageous trade agreements and heightened commercial activity, as international partners acknowledge the logistical advantages of directing goods through Pakistan’s ports and overland routes.

The conference is also meant to foster substantial knowledge sharing and the transfer of technology. Interactions with prominent experts and policymakers from SCO member states will enable the implementation of optimal practices and cutting-edge solutions. The integration of diverse ideas will strengthen the abilities of the Pakistani workforce, fostering the emergence of a more skilled and competitive labour market ready to address upcoming economic challenges.

Politically, the conference underscores Pakistan’s significance as a regional power. By hosting leaders and policymakers from major SCO member-states, including China and the Central Asian Republics, Pakistan can strengthen its diplomatic ties and assert its influence in regional affairs. This event provides an opportunity for Pakistan to articulate its strategic priorities, advocate for its interests, and contribute to shaping the regional agenda on critical issues such as security, trade, and development.

The SCO Summit is going to bolster Pakistan's position in regional security and stability. By actively engaging in the SCO's security framework, Pakistan will gain from enhanced cooperation in addressing transnational challenges, including terrorism, extremism, and drug trafficking. Collaborative security drills and intelligence exchange with SCO member nations will augment Pakistan's ability to tackle these problems, fostering a more secure and stable region.

The forthcoming conference is poised to yield substantial strategic and political advantages. It would not only stimulate economic growth and diversification but also enhance Pakistan's regional role and security cooperation.

By hosting this significant event, Pakistan is positioned to facilitate a more affluent and cohesive future, solidifying its status as a crucial participant in regional and global affairs.

Dr Muhammad Ahmad is an immigration and human rights lawyer based in

Birmingham and currently with the University of Law, Birmingham.

Dr Zoofishan Hayat is a lecturer at the School of Computing, Engineering and Physical Sciences, University of the West of Scotland.