THE PAKISTAN FACTOR IN SOUTH ASIA AND CENTRAL ASIA RELATIONS

This article discusses the multilateral relations between Pakistan and Central Asia. Pakistan's experience of unstable development is the result of our over-reliance on foreign aid and exogenous factors. To ensure a stable and sustainable trajectory of high growth, we focus on endogenous factors of growth such as domestic resource mobilisation, tax reforms, science, technology and innovation, stimulating export growth and we attract foreign direct investment. Remittances have provided significant support for our financial needs, but their true potential has not been realized. We will introduce reforms to increase remittances by offering incentives. Nevertheless, in order to achieve this long-term goal, we need to build a solid and self-sustaining platform using external funding sources in the medium term.

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