business ๐ค Pakistan's wait for BRICS membership continues
Pakistan applied to join the BRICS bloc in August 2023, seeking significant financial and geopolitical advantages. The application is currently stalled because the bloc operates on consensus, which India heavily influences. Despite backing from China and Russia, Islamabad remains outside the 11-member group, which includes India. Pakistan is trying to strengthen ties by buying a $580 million stake in the New Development Bank in 2025. Islamabad intends to keep pursuing membership in the bloc. ๐