23 Nov 2023 By Know Muslim
Pakistan has expressed its desire to join the BRICS group of emerging economies, which currently comprises Brazil, Russia, India, China, and South Africa. The country has formally submitted its application for membership and has been actively seeking support from its BRICS counterparts, particularly Russia.
Pakistan believes that membership in BRICS would provide it with several benefits, including:
- Enhanced economic cooperation: BRICS members have a combined GDP of over $23 trillion and a population of over 3 billion people. Pakistan hopes that membership would give it access to these vast markets and opportunities for investment and trade.
- Increased political influence: BRICS has become a major force in global politics, and Pakistan believes that membership would elevate its international standing and give it a stronger voice in shaping the global agenda.
- Strengthened regional cooperation: BRICS has been expanding its cooperation with regional organizations, and Pakistan hopes that membership would provide it with a stronger platform to promote regional integration and development.
Russia has been a strong supporter of Pakistan's BRICS membership bid. The two countries have close historical ties and have been cooperating in a number of areas, including energy, defense, and trade. Russia believes that Pakistan's membership would strengthen the BRICS group and make it more representative of the developing world.
BRICS has been in the process of expanding its membership in recent years. In 2022, the group admitted six new members: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates. Pakistan's application is expected to be considered at the next BRICS summit, which is scheduled to be held in Russia in 2024.
Pakistan's chances of joining BRICS are considered to be good. The country has a strong economy, a large population, and a strategic location. It also has close ties with several BRICS members, including China and Russia.
Pakistan's bid to join BRICS is a significant development that could have a major impact on the country's economy, politics, and international relations. Russia's support for Pakistan's bid is a reflection of the close ties between the two countries and their shared interests. If Pakistan is successful in its bid, it will be a major coup for the country and a significant boost for BRICS.
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