International North-South Transport Corridor: Challenges and Opportunities for Pakistan

Abstract

The International North-South Transport Corridor (INSTC) is of immense significance for regional economic growth. In today’s global politics, the corridor has attracted  many players due to the newly emerging markets and energy sources in the region. More importantly, this corridor provides a safer and cheaper route for the import and export of goods. In this regard, Pakistan has been developing its ties with Central Asian Republics (CARs) for the pursuit of its economic interest vis-à-vis regional stability. Pakistan provides the shortest possible route to the CARs, helping the landlocked states to connect with the global economy. With the establishment of linkages in the Central Asian region, Pakistan would overcome its future energy challenges. In this regard, other regional players including India will have to play their part for energy security. For this purpose, Pakistan, India and Afghanistan signed a proliferative agreement with Tajikistan to spread energy pipelines across the four countries. Moreover, such economic and energy connectivity in the South Asian region will also result in a positive impact on peace and stability.