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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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
Tips to keep your car cool
- Place a sun reflector in your windshield when not driving
- Park in shaded or covered areas
- Add tint to windows
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MATCH INFO
Day 2 at Mount Maunganui
England 353
Stokes 91, Denly 74, Southee 4-88
New Zealand 144-4
Williamson 51, S Curran 2-28
How green is the expo nursery?
Some 400,000 shrubs and 13,000 trees in the on-site nursery
An additional 450,000 shrubs and 4,000 trees to be delivered in the months leading up to the expo
Ghaf, date palm, acacia arabica, acacia tortilis, vitex or sage, techoma and the salvadora are just some heat tolerant native plants in the nursery
Approximately 340 species of shrubs and trees selected for diverse landscape
The nursery team works exclusively with organic fertilisers and pesticides
All shrubs and trees supplied by Dubai Municipality
Most sourced from farms, nurseries across the country
Plants and trees are re-potted when they arrive at nursery to give them room to grow
Some mature trees are in open areas or planted within the expo site
Green waste is recycled as compost
Treated sewage effluent supplied by Dubai Municipality is used to meet the majority of the nursery’s irrigation needs
Construction workforce peaked at 40,000 workers
About 65,000 people have signed up to volunteer
Main themes of expo is ‘Connecting Minds, Creating the Future’ and three subthemes of opportunity, mobility and sustainability.
Expo 2020 Dubai to open in October 2020 and run for six months
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.”
Start times
5.55am: Wheelchair Marathon Elites
6am: Marathon Elites
7am: Marathon Masses
9am: 10Km Road Race
11am: 4Km Fun Run
Killing of Qassem Suleimani
Jeff Buckley: From Hallelujah To The Last Goodbye
By Dave Lory with Jim Irvin
More coverage from the Future Forum
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match info
Manchester United 3 (Martial 7', 44', 74')
Sheffield United 0
Predictions
Predicted winners for final round of games before play-offs:
- Friday: Delhi v Chennai - Chennai
- Saturday: Rajasthan v Bangalore - Bangalore
- Saturday: Hyderabad v Kolkata - Hyderabad
- Sunday: Delhi v Mumbai - Mumbai
- Sunday - Chennai v Punjab - Chennai
Final top-four (who will make play-offs): Chennai, Hyderabad, Mumbai and Bangalore
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
Read part three: the age of the electric vehicle begins
Read part one: how cars came to the UAE
FIXTURES
All times UAE ( 4 GMT)
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Hellas Verona v Roma (10.45pm)
Sunday
Parma v Napoli (2.30pm)
Genoa v Crotone (5pm)
Sassuolo v Cagliari (8pm)
Juventus v Sampdoria (10.45pm)
Monday
AC Milan v Bologna (10.45om)
Playing September 30
Benevento v Inter Milan (8pm)
Udinese v Spezia (8pm)
Lazio v Atalanta (10.45pm)
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The specs
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Power: 240hp at 5,500rpm
Torque: 390Nm at 3,000rpm
Transmission: eight-speed auto
Price: from Dh122,745
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SNAPSHOT
While Huawei did launch the first smartphone with a 50MP image sensor in its P40 series in 2020, Oppo in 2014 introduced the Find 7, which was capable of taking 50MP images: this was done using a combination of a 13MP sensor and software that resulted in shots seemingly taken from a 50MP camera.