Optimising CPEC.

PAKISTAN is finally getting back on the right diplomatic track. Prime Minister Shehbaz Sharif's successful visits to Riyadh and Beijing have created an air of optimism regarding economic revival in the country. Army chief Gen Qamar Bajwa's attempts to normalise the country's relationship with the West using channels in London and Washington are also helping to reduce the external pressure which had been looming over the country for the last several months. That Pakistan is no longer on the Financial Action Task Force's (FATF) 'grey list' is also a good omen.

During the prime minister's visit to Beijing, China had assured full support for Pakistan's efforts to stabilise its economy and financial situation. The Pakistani prime minister was the first foreign leader to travel to China since President Xi Jinping won his third term as supreme leader. That has political and strategic significance as well, which is also needed to boost Pakistan's economic confidence. Earlier, during the prime minister's visit to Riyadh, Saudi Arabia reportedly pledged an investment package worth $10 billion for Pakistan. Islamabad is hopeful that the kingdom will resuscitate the mega oil refinery project, which was shelved due to some political complications that had arisen between the two states during the rule of the PTI government.

Gen Bajwa has been successful, for the most part, in repairing the country's trust deficit with the West, mainly the US, which is essential for generating regional geopolitical balance for Pakistan. These are positive developments which the coalition government and the establishment could use to gain domestic support, as the ongoing political crisis has put them both in a defensive position.

Pakistan had lost its balance in its foreign relations over the last few years. The Taliban takeover of Afghanistan, and the cipher controversy propagated by former prime minister Imran Khan were the two key events that aggravated that imbalance and caused bitterness in Pakistan's relationship with the US and the West.

The challenge facing internal security restricts the Chinese from coming to Pakistan.

Two other factors caused diplomatic stress for Pakistan. First, Pakistan's decision to join the short-lived alternative Muslim leadership initiative led by Turkey, Iran, and Malaysia annoyed its friends in the Gulf. Secondly, the Chinese did not like the attempts by the outgoing PTI government to renegotiate the costs of CPEC projects and establish...

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