Former cricket star Imran Khan is currently the frontrunner to emerge victorious from Pakistan's general election on July 25. His path to power has been eased by the Supreme Court's controversial decision last July to disqualify his nemesis from holding public office.
Following the Panama Papers’ revelation that Nawaz Sharif had substantial overseas holdings, Khan and his allies lodged a petition that led to the court’s ruling, disqualifying the three-time former prime minister from running – and leaving the way clear for Khan to surge ahead.
The ex-cricketer first emerged as the nation’s saviour from the tainted rule of the Sharif and Bhutto dynasties, which have held sway over Pakistan's politics for more than 40 years, after leading his nation's team to a world cup victory in 1992.
While his high profile status did not equate to votes in the 1990s, he seemed to have potential as a prime ministerial candidate in the early years of Pervez Musharraf's rule. For a short while, he was treated to matching protocol by the military ruler, before being abandoned in favour of more pliable politicians.
Undeterred, he then reappeared during the Lawyers' Movement, which forced Musharraf to restore democracy, but he demonstrated poor political judgment in boycotting the 2008 general election. Since then, he has chosen agitation and litigation as his primary means of upending the established political order.
His rival Sharif now faces the prospect of imprisonment on charges of allegedly money laundering the proceeds of corruption so he might not be able to campaign on behalf of his Pakistan Muslim League-Nawaz (PML-N) party. Nor would he be in a position to promote the prime ministerial aspirations of nominated successor Shahbaz Sharif, his younger brother and the long-serving chief minister of populous Punjab province.
Instead, the elder Sharif is engrossed in a confrontation with the super-activist judiciary and an increasingly overbearing military, long considered the ultimate arbiter of political power in Pakistan. He claims both institutions have connived to undermine the executive authority of the elected government and has staked his waning political career on a campaign to protect the sanctity of the popular vote.
In a recent interview, Sharif ratcheted up the rhetoric by insinuating his ouster was punishment for his attempts, as prime minister, to pressure the military into abandoning its alleged support for militant groups involved in cross-border terrorism.
He said the military’s obstinacy has rendered Pakistan diplomatically isolated and subject to punitive US sanctions and has also stymied the country’s economic growth prospects, despite billions of dollars in funding under China’s Belt and Road initiative.
Sharif has embarked on what is widely considered to be an unwinnable war against the military.
It is in this respect, eager not to become collateral casualties, that PML-N members of the outgoing parliament and provincial assemblies have been defecting in droves to Khan’s Pakistan Tehreek-e-Insaf (PTI) party, greatly improving its chances of forming the next government.
This power struggle is consistent with the historical character of Pakistan’s. Generally, instead of prioritising the multitude of challenges facing the country, the pillars of the state have indulged in a Game of Thrones-style power play. Indeed, no facet of Pakistan’s governance has been spared from their demonising post-truth narratives.
The cost of their collective ineptitude was demonstrated in March. After an unscheduled meeting in Washington with US Vice President Mike Pence to discuss rising diplomatic tensions over cross-border terrorism, Prime Minister Shahid Khaqan Abbasi was accused of compromising national security interests by excluding a military representative. The military-controlled foreign ministry waited a week before saying the absurd accusations were untrue.
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Also by Tom Hussain:
China’s ambitions leave Pakistan out in the cold
After four deadly attacks, the only certainty in Afghanistan is more of the same
Trump's ultimatum puts Pakistan firmly in his crosshairs
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Meanwhile, nothing substantial was done to forestall the imminent reinstatement of Pakistan on the terrorism funding watchlist on the multilateral Paris-based Financial Action Task Force, or to head off any other punitive measures initiated by the US.
As with Sharif’s attempt to portray his tussle with the military as a fight between democracy and terrorist sponsors, the humiliation of Mr Abbasi demonstrates how Pakistan’s collective national interest ranks a distant second to the power-crazed struggle of its rival decision makers.
The revival of the economy, Pakistan’s biggest success story of the last four years since the defeat of an eight-year insurgency by Tehreek-i-Taliban Pakistan militants, has been also demonised for selfish political ends.
Against a backdrop of bickering over budgetary allocations, Sharif’s rivals have cast an alarmist pall over the government’s growth-driven debt management policies.
As is often the case with economics, the creation of negative expectations among consumers and investors might become a self-fulfilling prophecy – with serious implications for Pakistan’s Chinese-funded aim of becoming a middle income economy by 2030.
The blinkered irresponsibility of these state actors contrasts starkly with the national motto of “unity, faith and discipline”, the mission statement provided by Pakistan’s founding father. Mohammed Ali Jinnah.
There is little, if any, reason to believe the divisive tone of Pakistan’s politics would change under the prospective leadership of Khan.
He describes himself as a reformer and has vowed to introduce sweeping reforms against the corruption, cronyism and bad governance which has hobbled Pakistan's progress for decades. But he has presented little in the way of a substantial plan to fulfill his promise of a “new Pakistan”.
Khan’s political narrative has been belied by post-truth rhetoric and the induction of notorious political turncoats into his party.
Nor has his party’s government in northwest Khyber Pakhtunkhwa province lived up to his promise.
And his improved chances of winning the forthcoming election are less a reflection of his personal popularity or that of his party and more a consequence of Sharif’s grudge match with the military.
Were Khan to become prime minister, he would lead a shaky coalition. It would be more vulnerable to polarised politics than the Sharif administration, which enjoyed a comfortable parliamentary majority. Any attempt to reform Pakistan’s failed diplomatic policies without the military’s approval would weaken his authority and, in the event of a standoff, probably lead to his ouster.
That leaves little optimism for the prospect of Khan as prime minister. No matter the outcome, the forthcoming election is only likely to deepen the crisis currently faced by Pakistan.
Tom Hussain is a journalist and political analyst in Islamabad
Test
Director: S Sashikanth
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EQureos%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%0D%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%20%3C%2Fstrong%3E2021%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%20%3C%2Fstrong%3E33%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3ESoftware%20and%20technology%0D%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%243%20million%0D%3Cbr%3E%3C%2Fp%3E%0A
What's in the deal?
Agreement aims to boost trade by £25.5bn a year in the long run, compared with a total of £42.6bn in 2024
India will slash levies on medical devices, machinery, cosmetics, soft drinks and lamb.
India will also cut automotive tariffs to 10% under a quota from over 100% currently.
Indian employees in the UK will receive three years exemption from social security payments
India expects 99% of exports to benefit from zero duty, raising opportunities for textiles, marine products, footwear and jewellery
box
COMPANY PROFILE
Company name: Letstango.com
Started: June 2013
Founder: Alex Tchablakian
Based: Dubai
Industry: e-commerce
Initial investment: Dh10 million
Investors: Self-funded
Total customers: 300,000 unique customers every month
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EDate%20started%3A%3C%2Fstrong%3E%202020%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Khaldoon%20Bushnaq%20and%20Tariq%20Seksek%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%20Global%20Market%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20HealthTech%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%20100%3Cbr%3E%3Cstrong%3EFunding%20to%20date%3A%3C%2Fstrong%3E%20%2415%20million%3C%2Fp%3E%0A
Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)
Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
FA CUP FINAL
Chelsea 1
Hazard (22' pen)
Manchester United 0
Man of the match: Eden Hazard (Chelsea)
The Two Popes
Director: Fernando Meirelles
Stars: Anthony Hopkins, Jonathan Pryce
Four out of five stars
Origin
Dan Brown
Doubleday
Why seagrass matters
- Carbon sink: Seagrass sequesters carbon up to 35X faster than tropical rainforests
- Marine nursery: Crucial habitat for juvenile fish, crustations, and invertebrates
- Biodiversity: Support species like sea turtles, dugongs, and seabirds
- Coastal protection: Reduce erosion and improve water quality
From Europe to the Middle East, economic success brings wealth - and lifestyle diseases
A rise in obesity figures and the need for more public spending is a familiar trend in the developing world as western lifestyles are adopted.
One in five deaths around the world is now caused by bad diet, with obesity the fastest growing global risk. A high body mass index is also the top cause of metabolic diseases relating to death and disability in Kuwait, Qatar and Oman – and second on the list in Bahrain.
In Britain, heart disease, lung cancer and Alzheimer’s remain among the leading causes of death, and people there are spending more time suffering from health problems.
The UK is expected to spend $421.4 billion on healthcare by 2040, up from $239.3 billion in 2014.
And development assistance for health is talking about the financial aid given to governments to support social, environmental development of developing countries.
THE SPECS
Engine: 3.6-litre V6
Transmission: eight-speed automatic
Power: 285bhp
Torque: 353Nm
Price: TBA
On sale: Q2, 2020
At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
Dust and sand storms compared
Sand storm
- Particle size: Larger, heavier sand grains
- Visibility: Often dramatic with thick "walls" of sand
- Duration: Short-lived, typically localised
- Travel distance: Limited
- Source: Open desert areas with strong winds
Dust storm
- Particle size: Much finer, lightweight particles
- Visibility: Hazy skies but less intense
- Duration: Can linger for days
- Travel distance: Long-range, up to thousands of kilometres
- Source: Can be carried from distant regions
The Settlers
Director: Louis Theroux
Starring: Daniella Weiss, Ari Abramowitz
Rating: 5/5
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.”
ICC Women's T20 World Cup Asia Qualifier 2025, Thailand
UAE fixtures
May 9, v Malaysia
May 10, v Qatar
May 13, v Malaysia
May 15, v Qatar
May 18 and 19, semi-finals
May 20, final
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
SERIES SCHEDULE
First Test, Galle International Stadium
July 26-30
Second Test, Sinhalese Sports Club Ground
August 3-7
Third Test, Pallekele International Cricket Stadium
August 12-16
First ODI, Rangiri Dambulla International Stadium
August 20
Second ODI, Pallekele International Cricket Stadium
August 24
Third ODI, Pallekele International Cricket Stadium
August 27
Fourth ODI, R Premadasa Stadium
August 31
Fifth ODI, R Premadasa Stadium
September 3
T20, R Premadasa Stadium
September 6
One in four Americans don't plan to retire
Nearly a quarter of Americans say they never plan to retire, according to a poll that suggests a disconnection between individuals' retirement plans and the realities of ageing in the workforce.
Experts say illness, injury, layoffs and caregiving responsibilities often force older workers to leave their jobs sooner than they'd like.
According to the poll from The Associated Press-NORC Centre for Public Affairs Research, 23 per cent of workers, including nearly two in 10 of those over 50, don't expect to stop working. Roughly another quarter of Americans say they will continue working beyond their 65th birthday.
According to government data, about one in five people 65 and older was working or actively looking for a job in June. The study surveyed 1,423 adults in February this year.
For many, money has a lot to do with the decision to keep working.
"The average retirement age that we see in the data has gone up a little bit, but it hasn't gone up that much," says Anqi Chen, assistant director of savings research at the Centre for Retirement Research at Boston College. "So people have to live in retirement much longer, and they may not have enough assets to support themselves in retirement."
When asked how financially comfortable they feel about retirement, 14 per cent of Americans under the age of 50 and 29 per cent over 50 say they feel extremely or very prepared, according to the poll. About another four in 10 older adults say they do feel somewhat prepared, while just about one-third feel unprepared.
"One of the things about thinking about never retiring is that you didn't save a whole lot of money," says Ronni Bennett, 78, who was pushed out of her job as a New York City-based website editor at 63.
She searched for work in the immediate aftermath of her layoff, a process she describes as akin to "banging my head against a wall." Finding Manhattan too expensive without a steady stream of income, she eventually moved to Portland, Maine. A few years later, she moved again, to Lake Oswego, Oregon. "Sometimes I fantasise that if I win the lottery, I'd go back to New York," says Ms Bennett.
Fifa Club World Cup quarter-final
Esperance de Tunis 0
Al Ain 3 (Ahmed 02’, El Shahat 17’, Al Ahbabi 60’)
COMPANY PROFILE
Name: Grubtech
Founders: Mohamed Al Fayed and Mohammed Hammedi
Launched: October 2019
Employees: 50
Financing stage: Seed round (raised $2 million)