SINCE assuming office of the Foreign Minister, Ishaq Dar is actively engaged in economic diplomacy, recognizing it as a critical component of the country’s foreign policy in the current global landscape. His recent engagements and interactions underscore a strategic shift towards prioritizing economic considerations in Pakistan’s diplomatic endeavours.
In a notable address to officers of the Pakistan High Commission in London, Minister Dar emphasized the imperative for Pakistan to focus on economic diplomacy as a means to address the economic challenges. He stressed the need for all Pakistani missions abroad to actively engage in attracting investments, recognizing Pakistan’s abundant natural resources and skilled human capital as assets that could propel the nation towards becoming a significant economic force. Dar’s emphasis on economic diplomacy reflects a pragmatic approach to leverage the country’s strengths while addressing its economic vulnerabilities. Acknowledging the importance of fiscal discipline and the need to reduce external deficits, he highlighted the necessity for cohesive efforts across ministries to strengthen Pakistan both internally and externally. The recent engagements of Minister Dar in Brussels further highlight his focus and rightly so on economic diplomacy. His attendance at the nuclear energy summit, where he advocated for aggressive financing of nuclear energy projects, showcases a proactive stance in addressing climate vulnerabilities while seeking investment opportunities. Of particular significance was Minister Dar’s meeting with Chinese Vice Premier Zhang Guoqing, where assurances of support from China to stabilize Pakistan’s financial situation were extended. Furthermore, Minister Dar’s telephonic conversation with UK Secretary of State David Cameron highlights the multifaceted approach towards enhancing bilateral cooperation. Stressing the need for the early resumption of PIA’s flights to the United Kingdom, Minister Dar emphasized the potential for bolstering trade and investment ties, as well as fostering people-to-people contacts and collaboration on climate matters. Dar’s proactive engagements clearly signal a concerted effort to elevate Pakistan’s economic relations on the global stage and advance its economic interests, particularly in trade and investment. With his leadership, Pakistan is well-positioned to navigate the complex dynamics of global economics, fostering mutually beneficial partnerships that drive sustainable growth and development.
