PROSPECTS OF PAKISTAN JOINING BRICS IN THE AGE OF MULTIPOLARITY

Abstract

A multipolar structure with growing influence from developing economies is replacing  the United States' unipolar system as the dominant global order. BRICS (Brazil, Russia, India, China, and South Africa) has become a major economic force supporting the Global South and changing global economic governance in this regard. With projects like the New Development Bank, BRICS has emerged as a leading voice for fair development, with its members contributing around 29% of the world's GDP. It is imperative to examine Pakistan's possible admission as BRICS looks to grow. The BRICS markets' needs are well-served by Pakistan's advantageous location at the intersection of South Asia, Central Asia, and the Middle East, as well as its economic potential in various sectors. Membership may increase Pakistan's regional influence, connect it into international supply networks, and improve its access to development funding. Additionally, Pakistan's inclusion in BRICS offers a chance for foreign policy re- calibration, which has been traditionally tied to Western alliances, and engage with India for dispute resolution. Nevertheless, Pakistan's hopes of joining BRICS face formidable obstacles. Geopolitical obstacles, economic uncertainty, and opinions of excessive dependence on China can hamper its candidacy. Opposition to de-dollarization, sanctions threats, and Western backlash further complicates the road. Notwithstanding these difficulties, Pakistan's strategic significance to BRICS is highlighted by its function as a regional center for commerce and energy. In an increasingly multipolar world, Pakistan's possible inclusion in BRICS provides substantial diplomatic and economic benefits; but overcoming the corresponding obstacles would call for astute diplomacy, economic reforms, and strategic planning.