AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

EDITORIAL: The appointment of Foreign Minister and former finance minister Ishaq Dar as deputy prime minister is bound to create some speculation regarding the future trajectory of the Pakistan Muslim League-Nawaz(PML-N)-led coalition government, given the present state of the country’s politics and the sensitive nature of the civil-military relationship.

It is interesting to note that this development follows on the heels of former prime minister Nawaz Sharif reassuming the presidency of the ruling PML-N seven years after he was ousted from that position following his disqualification from holding public office in the aftermath of the Panama Papers case.

Ishaq Dar’s appointment, therefore, if viewed alongside Nawaz Sharif assuming the party position, gives a very strong impression that the latter is now trying to assert control and wants to have a confidante in a senior position in government.

While the office of the deputy prime minister does not enjoy constitutional status, many would see this as a symbolic move indicating a subtle shift in power dynamics, and Nawaz Sharif trying to repair some of the damage that many feel has been done to his politics, which had largely revolved around challenging the conventional power structure prevalent in the country and insisting on the primacy of civilian governments.

This has often been at odds with Shehbaz Sharif’s more conciliatory approach towards working with the traditional power-holders. With the PML-N performing less-than-satisfactorily in the general elections, many have attributed this poor showing to its failure to adhere to the senior Sharif’s narrative.

It should be recalled that back in the dying days of the PTI government, there were concerns from a section of PML-N loyalists about the party giving the impression of becoming an instrument of the establishment and assuming office in a difficult economic environment. One would have to say that these fears were realised to an extent, as upon assuming office in April 2022, the PML-N-led PDM (Pakistan Democratic Movement) coalition, had to contend with a highly precarious economic situation, which was exacerbated by many of its own imprudent policies.

This, combined with the side-lining of the narrative that argued for civilian supremacy, many believe, led to considerable damage being done to the PML-N’s politics. Given this, while PML-N insiders insist that Ishaq Dar’s appointment was a joint decision by the Sharif brothers, it is difficult to dispel the impression that this is an attempt by Nawaz Sharif to mend the harm done to the party by consolidating his influence in the echelons of power, and indicating to his base his commitment to his core beliefs.

The latest development also appears to be a way to compensate Ishaq Dar for being overlooked for the position of finance minister, a designation that the PML-N had entrusted him with whenever the party has been in power in recent times.

However, the disastrous consequences of his policies during his time as the PDM coalition’s finance minister, where the country suffered through an acute balance of payments (BoP) crisis and international lenders became increasingly wary of dealing with him, ensured that it became untenable for the PML-N-led government to appoint him to this vital office upon assuming power this year. Nevertheless, his closeness to Nawaz Sharif ensured his appointment as foreign minister, and now with him assuming the role of deputy prime minister, looks set to continue to wield significant influence.

One would hope, however, that this increased influence doesn’t hamper the vital work that Finance Minister Muhammad Aurangzeb is trying to accomplish vis-a-vis securing crucial funding from the IMF and carrying out much-needed economic reforms. The internal political dynamics of the ruling party must not come in the way of the well-being of the country’s economy.

Copyright Business Recorder, 2024

Comments

Comments are closed.

KU May 02, 2024 11:49am
It reveals how true were the views of a British MP in 1946 on partition, "if independence is granted to India, power will go to rascals, rogues, freebooters. All leaders will be of low calibre......".
thumb_up Recommended (0)
Toy Soldier May 02, 2024 02:15pm
The return of the Munshi is a bad omen for the country which is already suffering from nepotism and corruption etc.
thumb_up Recommended (0)
HighnLow May 02, 2024 08:44pm
@KU, yes, correct, since Brits vanished the elite ruling class post 1850 freedom movement. Who are you really blaming??? Your current and past master or poor Pakistani souls?
thumb_up Recommended (0)
zh May 03, 2024 02:31am
Certainly, the appointment of Dar was a deputy prime minister was joint decision of Sharif brothers. Nawaz Sharif ordered his appointment and Shehbaz Sahrid conceded.
thumb_up Recommended (0)
Nauman Ashraf May 03, 2024 03:46pm
Both brothers are on the same page. Making fool of people. .
thumb_up Recommended (0)