Today's conversation with economist Nauraiz Rana (World Bank), and Rammal Hashmi delves into geopolitics and global alliances, with a focus on BRICS—the consortium comprising Brazil, Russia, India, China, and South Africa. Originally BRIC, coined in 2001 by Goldman Sachs economist Jim O'Neill, it expanded in 2010 to include South Africa, challenging the established world order. Born out of a desire to counter the dominance of the United States and its Western allies, BRICS has evolved into a platform for major emerging economies.
Against this backdrop, we explore Pakistan's formal bid for BRICS membership, raising questions about implications, challenges, and the broader global landscape.