Mending Pak-Bangladesh ties

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Mending Pak-Bangladesh ties
The stalled bilateral ties between Pakistan and Bangladesh seemingly leap forward with the announcement of lifting all the visa restrictions for Bangladesh. The news is certainly one of the breakthroughs to expand the horizons of relations between the two states that remained frozen due to historical grievances. it is pertinent to mention that, Pakistani Prime Minister Imran Khan made a rare phone call to his Bangladeshi counterpart Sheikh Hasina as Dhaka declared pursuing a foreign policy of “friendship to all and malice to none” back in July year 2020. This significant development was later followed by a Pakistani envoy meeting with Bangladeshi PM and Foreign Minister AK Abdul Momen in Dhaka to negotiate the prospects of bilateral engagement and open avenues of cooperation. Despite numerous constraints, Bangladesh over the year has been amongst the top destinations of Pakistani exports. Nevertheless, with diversifying cooperation both states can build strong economic relations with considerable positive sum-gains for both the countries. Statistically, total trade of $700.39 million in 2019-20, wherein Pakistani exports amounted to $654.79 million and import from Bangladesh stood at $45.60million. It said the government of Pakistan has included Bangladesh in List ‘A’ countries from October 2019 which has facilitated the travel of Bangladeshi businessmen to Pakistan.
With extended cooperation and harmonious ties, this figure can further be increased. Furthermore, smooth bilateral ties would allow for further collaboration in the realm of regional geopolitical, and security affairs. The CPEC project has already gained immense significance in the regional geo-economic sphere, in particular, the Gwadar port would revamp the regional maritime trade architecture. By establishing cordial ties, Bangladesh can seek a massive advantage from the CPEC project. Notwithstanding, the historical grievances, both countries should look forward to establishing strong diplomatic ties, people-to-people cooperations, and partnerships through regional platforms.

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