Supporters of Pakistan's former prime minister Imran Khan, gather during a protest in Karachi on March 19, 2023, demanding the release of arrested party workers in recent police clashes. AFP
Supporters of Pakistan's former prime minister Imran Khan, gather during a protest in Karachi on March 19, 2023, demanding the release of arrested party workers in recent police clashes. AFP
Supporters of Pakistan's former prime minister Imran Khan, gather during a protest in Karachi on March 19, 2023, demanding the release of arrested party workers in recent police clashes. AFP
Supporters of Pakistan's former prime minister Imran Khan, gather during a protest in Karachi on March 19, 2023, demanding the release of arrested party workers in recent police clashes. AFP


The attempt to arrest Imran Khan is escalating a crisis in Pakistan


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March 23, 2023

Over the past week, a tense standoff between Imran Khan and Pakistan’s courts took centre stage in the country’s news cycle, generating serious concerns about the dangers to the stability of the political and legal system. The immediate crisis has eased, with both the judiciary and the former prime minister stepping back from the brink, perhaps recognising that a head-on collision would serve neither well. But the larger confrontation between Mr Khan and his followers on the one hand and the rest of the political system on the other is only likely to intensify as this year’s general election approaches.

Although Pakistanis and outside observers alike are accustomed to periodic high-stakes political drama, what is taking place differs significantly from the ethnic, dynastic and civil-military tensions that have traditionally dominated the country’s national politics. The cracks in this case run horizontal to those fractures and are best understood in terms of the polarising passions and chaos of Trump-style populism. But as with former US president Donald Trump, Mr Khan’s behaviour should not be confused with the underlying dissatisfactions of many in a rapidly evolving society.

There is no question that the 85 and counting cases registered against Mr Khan in the past few weeks and months are intended to hobble him before a general election is announced at some point this year. The Punjab provincial police’s mass filing of cases, and its raid on Mr Khan’s Lahore home, are all noteworthy given that they took place under a non-party caretaker government, rather than the party that is in power in Islamabad – Pakistan Muslim League-Nawaz, the bitterest political rival of Mr Khan’s Pakistan Tehreek-e-Insaf. This suggests that the national-security apparatus might also be interested in tilting the table against Mr Khan ahead of the election.

Police officers escort the vehicle of former Pakistani Prime Minister Imran Khan, as he appears at the district High Court in Lahore on March 21. Reuters
Police officers escort the vehicle of former Pakistani Prime Minister Imran Khan, as he appears at the district High Court in Lahore on March 21. Reuters

Although some of these cases are unlikely to stand trial, others, such as the charge that Mr Khan profited from the sale of state gifts (such as luxury watches) officially presented to him in his capacity as prime minister, appear to be well documented. In contrast, the push to convict Nawaz Sharif, another former prime minister, of corruption and bar him from political office in 2017 proceeded on far thinner factual and legal ground, and required much greater finessing on the part of the senior judiciary.

Khan’s message of personal agency and social transformation is appealing to many in a modernising countryside

Mr Khan’s belated willingness to compromise may have avoided turning the higher judiciary into yet another enemy for now, but his increasingly confrontational style of politics leaves that a distinct possibility. After all, he had been close to the military for decades, and the institution played a vital part in facilitating his transition from sports to politics, and his eventual rise to the top spot. The breakdown in that relationship says as much about why Mr Khan appeals so deeply to those who want to see the system shaken to the core, and why he struggles to appeal to everyone else.

Although Mr Khan had decried Pakistan’s major political parties as corrupt ever since he began considering the idea of joining politics in the mid-1990s, he had also evinced a kind of respect for the establishment. Like Mr Trump and other populists, Mr Khan positioned himself as an outsider while simultaneously seeking the seal of approval from powerful institutions, which in Mr Trump’s case meant the Murdoch media empire, Wall Street and evangelical mega churches. Perhaps, this is why informed observers did not expect this kind of “anti-politician” politics to become anti-systemic in any meaningful way.

But as with Mr Trump, those transactional endorsements helped pave the way for the emergence of a grassroots movement of true-believer voter-activists whose loyalty and intensity have transformed Mr Trump’s and Mr Khan’s relationship with everyone else.

Some media commentary has posed the question of whether Pakistan is heading towards a “January 6 moment”, but arguably the country already experienced this in August 2014 when Mr Khan’s supporters attempted to storm the National Assembly, unhappy over the results of the 2013 general election. Mr Khan has since then made a frequent habit of rejecting the validity of polls that he failed to win, claiming to represent a popular “tsunami”. For followers who are attracted by his willingness to attack the status quo and the powers that be, such defiance, whether successful or not, only deepens a sense of admiration and shared struggle.

In Pakistan Tehreek-e-Insaf’s case, this support base has grown far beyond the big cities in the provinces of Punjab and Khyber Pakhtunkhwa, and has penetrated the small towns and villages surrounding them. Mr Khan’s message of personal agency and social transformation is appealing to many in a modernising countryside where the local economy is no longer dominated by prominent families or clan networks. His followers see his fights as mirroring their own, and his setbacks as symptoms of the pervasive rottenness that has also victimised them.

This antagonism against any and all who obstruct their leader in any way has been just as polarising as Trumpism in the US, in many cases generating conflict within families and institutions. This brightly burning belief in the legitimacy of their grievances has also enhanced the confidence in Mr Trump and Mr Khan alike to confront even those institutions they once courted or deferred to.

There has been a tendency to see the challenge of populism around the world as something that has peaked, but Mr Khan, who preceded Mr Trump, former Brazilian president Jair Bolsonaro and others by a few years, offers evidence to the contrary. Given their contempt for the system itself, it is unlikely that electoral defeat will ever be enough to send them home; their continued challenge to the most basic democratic norms remains robust and it is unclear just how much more change they will bring to the way that politics operate. Pakistan in that regard should not simply be seen as another troubled and distant country but, instead, as one of the most important leading-edge laboratories of democracy in the world today.

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

TV: World Cup Qualifier 2018 matches will be aired on on OSN Sports HD Cricket channel

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

COMPANY PROFILE
Name: Airev
Started: September 2023
Founder: Muhammad Khalid
Based: Abu Dhabi
Sector: Generative AI
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
 
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

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Read part two: how climate change drove the race for an alternative 

MATCH RESULT

Al Jazira 3 Persepolis 2
Jazira:
Mabkhout (52'), Romarinho (77'), Al Hammadi (90' 6)
Persepolis: Alipour (42'), Mensha (84')

HIJRA

Starring: Lamar Faden, Khairiah Nathmy, Nawaf Al-Dhufairy

Director: Shahad Ameen

Rating: 3/5

EA Sports FC 24

Company profile

Name: Fruitful Day

Founders: Marie-Christine Luijckx, Lyla Dalal AlRawi, Lindsey Fournie

Based: Dubai, UAE

Founded: 2015

Number of employees: 30

Sector: F&B

Funding so far: Dh3 million

Future funding plans: None at present

Future markets: Saudi Arabia, potentially Kuwait and other GCC countries

Company%20profile
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First Person
Richard Flanagan
Chatto & Windus 

SPECS
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Updated: March 26, 2023, 6:22 AM