The world is at a pivotal juncture in global economic history. The international trade landscape is undergoing a significant upheaval, marked by the United States’ recent imposition of sweeping tariffs. These measures have escalated trade tensions, prompted retaliatory actions, and raised concerns about a potential global recession.

The ripple effects are being felt worldwide. In Europe, fears of market flooding with redirected Chinese goods have intensified, sparking discussions on protective measures.

Financial markets have turned volatile, and global supply chains are experiencing unprecedented disruptions. Many fear this marks the end of multilateralism, with bilateral economic and political relations set to drive trade and integration in the future.

These developments present both challenges and opportunities for Pakistan. As traditional trade routes and partnerships are re-evaluated, we must urgently reassess our economic strategies. Our geographic location and emerging market status could position us as a strategic alternative in evolving global supply chains.

Pakistan remains mired in a perpetual economic crisis, having missed the globalization wave that helped other emerging economies ascend. As others made strides to integrate into global value chains, the race became harder for Pakistan. Now, as the world undergoes a reset, lagging nations like ours have an opportunity to........

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