At a time when Pakistan faces threats to its security and economy and is under increasing pressure from the US, the expression of solidarity from China, the country’s time tested friend and neighbour, is highly reassuring. Premier Wen Jiabao’s call to the world to respect Pakistan’s independence, sovereignty and territorial integrity would provide confidence to many who are worried over threats to the country’s security. Prime Minister Gilani’s visit which coincides with the 60th anniversary of the resumption of Sino-Pak diplomatic ties has led to the signing of three economic agreements. The agreement between the China Banking Regulatory Commission (CBRC) and the State Bank of Pakistan is important as it allows the two sides to strengthen coordination, exchange information and make joint efforts to tackle crises together. China also reportedly agreed to provide 50 JF-17s to Pakistan on an emergency basis presumably to replace the aging jet fighters in Pakistan’s use.
While the Chinese backing would provide confidence to the government, it would in no way reduce the level of the challenges to national security and economy which have be overcome with more determination. The terrorist attack outside Peshawar, the second deadly attack after the killing of OBL, indicates that there is no respite to the TTP’s vengeful activities. To ensure national security, terrorists of all hues and colours have to be eradicated once for all. What is more, any possible loopholes in intelligence network have to be discovered and removed. The first thing that Gilani needs to do after returning home is to appoint the independent inquiry commission as decided by the Parliament in consultation with the leader of the opposition.
On Thursday, Gilani addressed the China-Pakistan Entrepreneurs Forum where he expressed the hope of raising the volume of Pak-China trade to $15bn compared to last year’s $9b. In an age where economic relations play an important role in interstate relations, the trade between China and Pakistan is insignificant. There is a need not only to raise the level of trade but also to ensure that Pakistan is able to export at least as much as it imports. Among the things that stand in the way are the vestiges of the of old regulatory system that need to be removed.