🚪 Pakistan's Brics bid stuck due to India's veto
Pakistan formally applied for membership in the BRICS grouping to gain economic relief. This bid was made by Islamabad during the group's preparation for a major expansion in 2024. As of now, Pakistan remains outside the bloc because of India’s opposition. The country seeks new funding options, having purchased a $580 million stake in the New Development Bank. Further developments depend on how the current summit resolves the membership deadlock.