Pakistan Paper

This essay has a total of 892 words and 4 pages.

Pakistan

Pakistan: Foreign Policy

Pakistan, a land of many splendors and opportunities, a repository of a unique blend of
history and culture for both the East and West has been the cradle of one of the oldest
civilizations. The Indus valley, is the ninth most populous Area in the world, with 134
million tough, conscientious, hard working people wishing and striving hard to enter into
the 21st century as equal partners in the community of the different developed nations.
During the last 20 years Pakistan's economy has been one of the fastest growing in the
world-the seventh fastest in Asia (www.forisb.org/fpolicy).

Pakistan's economy has been becoming large on a worldwide scale, with the annual gross
domestic product growing at more than six percent a year. It is now a member of the
Economic Cooperation Organization, and the South Asian Association of Regional Cooperation
(www.forisb.org/fpolicy). Pakistan is strategically located in close proximity to the
affluent Middle East. It is in position geographically to be a gateway of trade for many
land-locked countries, such as Afghanistan and those of central Asia. It is also in
proximity to the enormous East Asian Markets. The trade relations of Pakistan have been
very diverse, for trade has been opened between them and countries in the Middle East as
well as the Far East. The trade policy in Pakistan has been dramatically changed over the
last few years. One of the main policies for trade through Pakistan is…

in order to decrease manufacturing cost of the exporters, all imports by all direct and
indirect exporters under various schemes including no duty, no draw back, manufacturing in
bond and temporary import schemes, will be allowed without payment of custom duty, sales
tax and with-holding income tax (www3.jaring.my/pakistanhc/page19.html).


Pakistan now has a highly developed financial sector consisting of local as well as
foreign commercial banks, investment banks, leasing companies, mutual funds and varies
other fund companies. Besides providing working capital and long-term financing to the
investors, these banks offer a number of facilities such as remittance of
profits/dividends and maintenance of foreign currency accounts (www.mofa.com). Now because
of this, various cities in Pakistan have developed stock exchanges with major corporations
in the U.S.

Security in Pakistan has been a major issue since the origins of the country and its controversial creation.
The overriding objective of Pakistan's foreign policy is the safe guarding of its
sovereignty, security and territorial integrity. This is underpinned by its firm adherence
to immutable principles of interstate relations.

The violence accompanying the partition leading to the emergence of the two independent
states of Pakistan and India generated hostility, which continues to afflict relations
between the two countries, mainly because of the unresolved issue of Jammu and Kashmir.
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