Suchergebnisse

Economic recession of 2009 marked the end of the US dominance in the world. The subsequent period brought transition in the global order. China stepped forward by taking "Belt and Road Initiative (BRI)", establishing Asian Infrastructure Investment Bank (AIIB) and creating alternative forums to engage various regions by assuming a global role. Chinese World Order here is not aimed at referring to the world dominated by China but Chinese sphere of influence with its greater role. Pakistan's profile has improved with success against terrorism, Chinese investment and interest by other countries to invest under China Pakistan Economic Corridor (CPEC). CPEC is a flagship project of BRI which enables Pakistan's growth and extend it economic integration with China. Pakistan's close partnership with China enables it to play a greater political role in South Asia, Central Asia, Middle East, the Islamic world and the world at large.