DURING a telephonic conversation with his UAE’s counterpart Sheikh Abdullah bin Zayed Al Nahyan, Foreign Minister Ishaq Dar expressed his intention to enhance bilateral relations and transform them into a mutually beneficial economic partnership. This exchange not only highlights the significance of diplomatic engagements but also underscores the pivotal role of economic diplomacy in our foreign policy agenda.
Economic diplomacy, a specialized branch of diplomacy focused on securing economic advantages for nations, has become increasingly vital for Pakistan as it navigates through immense economic challenges. In this context, Ishaq Dar’s transition from the finance ministry to foreign affairs is strategic, given his expertise in economic matters. His appointment reflects a conscious effort to leverage his financial acumen and diplomatic skills to advance the country’s economic interests. Dar’s track record as finance minister speaks volumes about his ability to navigate complex economic landscapes and negotiate favourable deals for Pakistan. His understanding of economic intricacies, coupled with his diplomatic finesse, positions him as a formidable advocate for Pakistan’s economic agenda. The telephonic talk with the UAE counterpart underscores Dar’s commitment to fostering stronger bilateral relations, particularly with friendly nations in the Gulf region. Pakistan’s traditional allies, including Saudi Arabia, the UAE, and China, have historically played pivotal roles in supporting its economy. In diplomatic circles, reputation is currency. Ishaq Dar’s favourable standing among the allies, serves as a valuable asset in securing advantageous outcomes for Pakistan. His established rapport and credibility will pave the way for productive dialogue and effective collaboration. We are confident that Dar will effectively use his good offices to attract investment and forge strategic partnerships especially those in the Gulf to address the country’s economic challenges. The imperative for greater engagement with these countries, particularly in the realms of trade and investment, cannot be overstated. These nations have consistently demonstrated their commitment to supporting Pakistan during times of need. By transforming these historic and deep-rooted relationships into robust economic partnerships, we can unlock new avenues for growth and prosperity.
