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The geo-strategic environment around Pakistan has changed entirely after the event of 9/11. This incident has triggered a series of changes in the geo-strategic environment around Pakistan with far-reaching effects on its foreign policy projection. The changing interest and behavior of regional and global players in post 9/11 scenario has an ambivalent effect on Pakistan’s foreign policy projection in the form of new challenges and incentives. To acclimatize to the newly evolved dynamics of regional environment, there is dire need to introduce necessary changes in foreign policy projection to cope with challenges and to reap the incentives.