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https://sputnikglobe.com/20260423/from-south-asia-to-mena-can-pakistan-now-become-the-gulfs-back-office-1124032299.html
From South Asia to MENA: Can Pakistan Now Become the Gulf's Back Office?
The World Bank has quietly reclassified Pakistan from being part of South Asia to being part of the Middle East and North Africa (MENA) region.
https://cdn1.img.sputnikglobe.com/img/07e6/0a/1c/1102793799_0:0:3071:1728_1920x0_80_0_0_f2e57979d02ddf85f354cf64eb3d21d9.jpg
What seems like a bureaucratic tweak actually opens the door to regional financing and investment mandates.Pakistani start-ups and IT companies gain formal eligibility for Gulf sovereign wealth fund investments (PIF, Mubadala), access to the GCC's AI boom, and potential benefits from a future free trade agreement with Arab states.Why it matters?Pakistan's economy has long looked West — remittances from Saudi Arabia and the UAE hit $42 billion. The reclassification merely formalizes an existing reality.Could Pakistan become the Gulf's "back office," especially amid instability from the Iranian crisis? The recent attack on Amazon's data center in Dubai is pushing companies to seek stable, nearby jurisdictions.The problem lies in various infrastructure, tax, and legal constraints. As long as these exist, attracting capital that is fleeing the Gulf may not be possible, he explained.
https://sputnikglobe.com/20260423/pakistan-remains-preferred-mediator-in-talks-with-united-states--iranian-diplomatic-source-1124030103.html
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© AP Photo / Mary AltafferPrime Minister of Pakistan Shehbaz Sharif speaks during an interview with The Associated Press, Thursday, Sept. 22, 2022 at United Nations headquarters.© AP Photo / Mary Altaffer
Source: Sputnik News - World News, Breaking News & Top Storie
