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The writer heads the independent Centre for Research and Security Studies, Islamabad
As Pakistan remains embroiled in internal power struggles, its external friends and foes wonder where the country is politically and economically headed. The circumstances post 26th Amendment offer enough evidence to forecast the political direction Pakistan has taken. The economic distress is writ large too.
The decision of Qatar's Al Thani Group to withdraw its $2.09 billion investment from Pakistan's Port Qasim Power Project underscores Pakistan's growing reputation for broken contracts and unpaid obligations. No surprise foreign direct investment plummeted to a mere $26 million by September this year — compared to India which boasts more than $81 billion in the same period.
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