Mohammad bin Salman's Pakistan visit a major boost for Pakistan economy

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2019-02-25T11:52:09+05:00 Naveed Shigri
Mohammad bin Salman's visit to Pakistan has been a major boost to Pakistan's economy since  investment worth 14bn dollars has been promised by the Saudi crown prince. The question however is, what's the flip side.

  •  “Mr Prime Minister! Consider me Pakistan’s ambassador in Saudi Arabia”

  •  “We can’t say ‘NO’ to Pakistan”

  •  These were Saudi crown prince Mohammad bin Salman’s words

  •  during his recent Pakistan visit

  •  But everything has advantages and disadvantages

  •  So let’s assess what benefits we see from this visit

  •  and what its flipside could be

  •  First let’s discuss the advantages

  • The kind of political challenges Pakistan is facing,

  •  the promise of an investment worth USD 14bn is a welcome move

  •  and the economic activity this investment generates

  •  will be beneficial for both the countries

  •  But then, what could be its flipside?

  •  Any country that invests such a large amount in another country,

  •  does it only expect financial benefits in return?

  •  And if we look at it in historical perspective,

  •  have we only looked at Saudi Arabia for financial transactions

  •  or has Saudi Arabia also made other demands from us?

  •  We got major financial assistance from Saudi Arabia

  •  when we fought US’s proxy war in Afghanistan

  •   Saudi Arabia matched the funding we received from the US

  •  and it was around one billion dollars

  •  But we’re reaping the crop we had sowed then

  •  So what would be the trade off this time?

  •  This is the question analysts are trying to find answer to

  •   Saudi Arabia wants to improve its presence in the region

  •  The crown prince visited Pakistan, and then India too,

  •  hinting at investment worth 40bn dollars there as well

  •  So we’ll have to see where this situation leads us to

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