Pakistan, April 22 -- In the aftermath of World War II and the establishment of the United Nations, globalization emerged as a transformative force shaping global trade. It facilitated increased interdependence among nations, resulting in economic integration and growth. However, recent developments signal a significant shift in this trend.

The globalization framework is now under strain, particularly due to protectionist trade policies-most notably those initiated by the United States. In response, major economic powers such as China have implemented retaliatory tariffs. These measures have ushered in a new era of trade tension, where the ultimate burden falls disproportionately on developing countries, including Pakistan. At the center...