Pakistan aims peace with India in new National Security Policy

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By Hamza Ameer
Islamabad, Jan 12 |
In an attempt to ease down continued tensions with its neighbours, especially with India, Pakistan’s Imran Khan-led government is gearing up to unveil its new National Security Policy with an aim to normalise tensions with New Delhi and work towards opening gateways of economic diplomacy.

The National Security Policy, a 100-page document carries with it a new change of policy Islamabad will be looking to adopt towards India, shifting its principal stance over the dispute of Jammu and Kashmir from primary to a secondary pending dispute.

As per the new security policy details, Pakistan will be looking forward to having more deliberations and engagements with New Delhi over trade and economic opportunities.

“We are not seeking hostility with India for the next 100 years. The new policy seeks peace with immediate neighbours. If there was a dialogue and progress in it, there would be a possibility of normalising trade and commercial ties with India as it had happened in the past,” said an official with knowledge of details of the new security policy.

While the country’s new security policy showcases a clear shift in its approach from geo-strategic to geo-economics; the change is being seen with optimism over the relationship between the two nuclear powered arch-rivals.

“Economic security will be the central theme of the new security policy,” said the government official.

Pakistan and India have been eyeball-to-eyeball over their issues against each other, which have been on a consistent rise in the past.

However, some hopes of normalcy or de-escalation were witnessed when both sides agreed to reinforce a ceasefire understanding along the Line of Control (LoC) during February last year. But the process could not make any further progress and reflect onto other bilateral understandings.

Pakistan and India relations came to a complete standstill in August 2019, when the Modi-led government abrogated Article 370 and 35A, changing the special status of the state of Jammu and Kashmir into two Union Territories.

In reaction to the decision, Pakistan suspended all diplomatic ties and stopped bilateral trade with India.

While the new policy will be focused on economic diplomacy with immediate neighbours, the official emphasised that geo-strategic importance will not be ignored.

“Geo-economics does not necessarily mean we overlook our geo-strategic and geo-political interests. The longstanding Kashmir dispute with India has been identified as a vital national policy issue for Pakistan,” he said.

It was also revealed that all details of the national security policy will not be made public and will be kept classified.

The country’s new National Security Policy would act as an umbrella document, to be used as a guideline for Pakistan’s foreign, international and defence related policies.

Source: IANS

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Weekly Fundamental Market Outlook

Weekly Fundamental Market Outlook

Indian share market posted its first weekly gain in Jun by rising 2.7%.

This week, the Indian Stock Market rebounded strongly and ended with first weekly gain of 2.7% in June as a drop in commodity prices offered some relief from broadening inflationary pressures. Copper prices, which are often seen as a bellwether for economic output due to their wide range of industrial and construction uses, are heading for their worst week in a year, while oil prices have dropped over concerns of slumping demand.

While the US recessionary fears are still at the forefront, but the slide in commodity prices has lifted the mood of stock market.Cheaper oil is usually beneficial for oil-importing countries such as India.

Domestically, on sectorial basis, Auto and FMCG are the top gainers, while Metal index is the top losers. On stock basis, Hero MotoCorp, Eicher Motors, Hindustan Unilever, Maruti Suzuki and M&M were the top gainers and Tata steel, UPL, Reliance Industries, hindalco Inds and Coal India were the top losers.

In the next week, investors will keep a close eye on crude oil price movement, commodity prices, US economic activity and the geopolitical development.

 

Post Disclaimer by BhaskarLive.in

The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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