Pakistan: The decline of Gilgit-Baltistan has become a serious issue, as for the past 70 years, the area has been deprived of its political and legal status. Gilgit Baltistan is a serious issue nowadays and seeking the release of funds from the Pakistan government. As per the reports, the Governor of Gilgit-Baltistan, Syed Mehdi Shah himself, highlighted the financial crisis and asked for financial help from the regional government.
However, the federal government has not released any financial help, and the region also depends on a financial grant from the federal government.
Meanwhile, Gilgit-Baltistan is also facing a serious shortage of wheat, and the price of grain is also high in the state, which resulted in the wheat shortage.
Gilgit-Baltistan has a total budget of Rs 13.6 billion, but the government only grants them Rs 8 billion annually.
The Voice of Vienna reported that GB’s overall situation has declined in several areas, including socio-political conditions and sectarian and linguistic divisions, hindering the region’s progress. Furthermore, an effort has yet to be taken to reinforce the socio-economic and political spheres.
Due to its unique topography and geostrategic advantages, Gilgit-Baltistan has been identified as a potential tourist destination. With its rich mineral resources, the region is also of interest to foreign powers.
China has created a massive plan to distribute its goods and products to outside nations using its expansive “One Belt One Road” or BRI initiative, according to Voice of Vienna.
