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Pakistan Trade Statistics,of all the world at 2020 to 2021.

Pakistan’s trade statistics suggest a disconnect with the popular narrative of 'tremendous economic growth.

By Kamran ShehzadPublished 2 years ago 4 min read
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Each of Pakistan's three lead political parties contends that no one can steer the country's economy better than them.

After Pakistan obtained independence from the British in 1947, trade activities between the two countries began gradually, with trade mainly focused on agricultural goods.

The number of Pakistani-owned factories increased from 800 to 3,600 by the end of 1958.

Soon, the Pakistani textile industry found that a major overseas market existed in the United States, where the American cloth industry was suffering from the over-dependence on imported materials.

The American cloth market was of huge importance to Pakistan's export-based economy, particularly during the Cold War era.

Pakistani textile industries began to lose market share to the American imports in the early 1960s, largely due to the United States' Great Britain-based Steel Mill, which supplied inexpensive steel to Pakistan's local industry.

several other countries:

  • With this, the United States also had an interest in the Pakistani textile industry, which was in need of technology and capital to sustain a major export industry.

  • The United States officially established its embassy in Islamabad on 9 October 1969.

  • The construction of the new embassy building was completed in the early 1970s and was officially inaugurated in 1974.

On 28 September 1973, the United States opened the Consulate General of Pakistan in Karachi.

Since the 1970s, the relationship between Pakistan and the United States has grown closer, as the two countries join hands to deal with major issues like the war in Vietnam, the Iranian revolution, and the Arab–Israeli conflict.

During the United States occupation of Cambodia in 1970, General William Westmoreland was advised by his Pakistani counterpart General Ziaur Rahman to withdraw, a suggestion that Westmoreland refused.

Even though Pakistan was an ally of the United States during the occupation of Cambodia, the Khmer Rouge were a leading opponent of the communist regime that gained power in Vietnam.

In 1976, Pakistan became one of the first countries to offer aid to Cambodia after the Khmer Rouge gained power.

The purpose of the aid was to help Cambodia's war ravaged people, who were among the oldest victims of the genocide.

With the expansion of the war in Vietnam, American president Gerald Ford publicly accepted Pakistan's offer of helping.

In 1978, the Pakistani Army deployed its forces in the United States in their first war games in the Middle East.

Pakistan's maneuvers were a part of the US/Pakistan Strategic Planning Dialogue, which included India and the Soviet Union as other partners.

In 1986, Pakistan joined a US initiative to bring the two Koreas back to the negotiating table.

The initiative was spearheaded by United States Vice President George H. W. Bush and was known as the World Conference on Human Rights.

Though the Soviet Union was the leading force in bringing the two Koreas to negotiate peace, Pakistan's efforts to support dialogue between the two countries were vital to its success.

The support of Pakistan played an instrumental role in creating the first of many agreements between the two Korean states.

In 1987, the United States suspended aid to Pakistan's defence sector as a result of US president Ronald Reagan's decision to increase military spending.

The suspension was reportedly due to the country's reluctance to eradicate Islamic fundamentalist organizations.

Though the suspension was temporary, Pakistan's military began to make major purchases of Soviet weaponry.

The decision was criticized by Soviet officials in Europe, as it was considered to be a clear violation of the SALT agreements, which reduced the two superpowers' nuclear weapons stockpiles to approximately 2,500 warheads each.

In the early 1990s, after Soviet president Mikhail Gorbachev's policies toward the Eastern Bloc were put in place, the Soviet Union dissolved.

Subsequently, the Russian Federation became a recognized successor state to the Soviet Union and was recognized by the United Nations.

In 1991, during a meeting between the United States and Pakistan, the Pakistani prime minister, Benazir Bhutto, paid tribute to President George Bush by personally offering him the Sarbanes-Oxley Award for Integrity and Performance in Government, given annually to the most outstanding public official in America.

In 1995, the United States again offered a $2.5 billion aid package to Pakistan, along with a promise to provide a list of those responsible for the country's nuclear weapons program.

However, Pakistan refrained from accepting the offer, as they wanted a comprehensive deal.

The deal was later brokered in Islamabad by the United States and India.

The deal was viewed by many in the United States as a breakthrough in the United States's efforts to maintain relations with India, who was considered the primary strategic threat to the security .

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About the Creator

Kamran Shehzad

Kamran Shehzad is pursuing her bachelor’s degree in International Relations at National Defence University, Islamabad. He has keen interests in geopolitical developments and the strategic correspondences of states.

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