Sunday, May 19, 2024

Sharif gets resounding victory, picks FM

Toppled in a 1999 military coup, jailed and exiled, Pakistan’s Nawaz Sharif has made a triumphant election comeback and looks set to form a stable government capable of implementing reforms needed to rescue the fragile economy. Sharif may not win enough seats to rule on his own but has built up enough momentum to avoid having to form a coalition with his main rivals, former cricketer Imran Khan’s Tehrik-i-Insaf (PTI) and the Pakistan People’s Party (PPP).
The steel magnate held off a challenge from Khan, who had hoped to break decades of dominance by Sharif’s Pakistan Muslim League (PML-N) and the PPP, led by the Bhutto family.
The two parties have formed governments whenever the military, the most powerful institution in the nuclear-armed nation, has allowed civilian rule.
US President Barack Obama congratulated Pakistanis for the successful election and said the United States would work with the new government as an equal partner.
“By conducting competitive campaigns, freely exercising your democratic rights, and persevering despite intimidation by violent extremists, you have affirmed a commitment to democratic rule that will be critical to achieving peace and prosperity for all Pakistanis for years to come,” Obama said in a statement.
But facing Islamist militant violence, endemic corruption, chronic power cuts and crumbling infrastructure, even Sharif has described Pakistan as a “mess”.
Meanwhile, Pakistan election-winner Nawaz Sharif has picked a veteran finance minister to serve in his cabinet as Karachi stocks hit an all-time high Monday over hopes his pro-business agenda can revive the economy.
In an astonishing comeback 14 years after he was ousted by a military coup and briefly jailed, his centre-right Pakistan Muslim League-N (PML-N) is projected to win 130 of the 176 directly elected seats in the national assembly.
The outgoing Pakistan People’s Party suffered a crushing defeat, collapsing from 125 to 33 seats, according to newspaper projections, but enough to emerge as the second largest party and likely to go into opposition.
Cricket star Imran Khan, who promised a “tsunami” propelling him into power, appeared to have slipped into third place on 29 seats—still an astonishing achievement for a party which previously won only one seat in 2002.
Sharif will likely need only the estimated 27 independents and his proportion of seats reserved for women and minorities, to secure a majority in the first democratic transition in a country accustomed to long periods of military rule.
Sharif’s biggest challenges are likely to be fixing the shattered economy, an appalling energy crisis and tackling Islamist militancy.
PML-N spokesman Siddiqul Farooq told reporters the party had secured a “comfortable majority” at the national level and a “two-thirds majority” in Punjab province, where Sharif’s younger brother Shahbaz would return as chief minister.

-With The Independent input

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