Swing On The Silk Route

A spectacularly moth-eaten superstructure can inspire only the doughtiest of architects tasked to fix it. A looming economic crisis that may force Pakistan to arrive, cap in hand, at the International Monetary Fund바카라�s (IMF) door to beg for yet another bailout is hardly the ideal atmosphere for a new prime minister to take charge of a nation바카라�s affairs. In a nation that is already beset with a complex variety of problems, the job at hand for the new leader becomes more onerous.

Yet, when icon-turned-politician Imran Khan takes over as prime minister on August 18, the people of Pakistan and beyond would like to witness the beginning of a promised journey바카라�a transformation of the world바카라�s second largest Islamic nation into a model welfare state.

Though he comes from an elite Pashtun family from Punjab바카라�s capital, Lahore, Imran has not trodden the usual political ground of his contemporaries. He is completely self-made. He arrived at the crease with characteristic style바카라�as a cricketing icon in a country where the game is followed with fervid passion, he has always drawn large crowds and hogged media attention. However, his entry into politics was regarded with scepticism by Pakistani political observers. Though he started dabbling in politics nearly 20 years ago, with the launch of Pakistan Tehreek-e-Insaf (PTI), few Pakistanis took him seriously, barring the enthusiastic brigade of disillusioned urban youths eager for change.

But his doggedness over the years brought the PTI to a state where it was seen as a key player in the tribal areas and, ultimately, the main opposition to Nawaz Sharif바카라�s Pakistan Muslim League(N) both in Punjab and at the national level바카라�a turnaround unthinkable even a few years back. When the Panama Paper scandal exploded in full view, with Nawaz and his PML(N) facing the full brunt of the judiciary, forcing the incumbent prime minister바카라�s resignation, Imran and his PTI took merciless advantage of the situation.

His emergence as leader of the single largest party in last month바카라�s elections had been marred by accusations of electoral malpractices from his political opponents and independent observers. But Pakistani commentators point out that it was usual for results to be followed by accusations of rigging and booth capturing.

Photograph by PTI

However, few would deny that apart from a growing middle-class urban youth hankering after change in the political climate, Imran바카라�s biggest support came from the final arbiter of Pakistani polity바카라�the omnipotent military establishment. Nawaz, a three-time PM who was nurtured by the army (and dethroned by it twice), had attained a level of confidence where he started espousing his own foreign and India policies바카라�strict no-go areas for civilian governments fenced off by the military. It was a risky venture; it certainly proved to be a misjudgement. The Panama Papers바카라� revelations of corruption arrived as a handy tool for the country바카라�s judiciary and investigating agencies with which to flog Nawaz and his children.

Now that Nawaz is hounded out바카라�at least for the time being, though the PML(N) under his brother Shahbaz, with help from Bilawal Bhutto-Zardari바카라�s PPP can still be a formidable opposition in the National Assembly바카라�it is Imran on whom Pakistan바카라�s focus is trained. As he negotiates hurdle after intractable hurdle arranged on the path of Pakistan바카라�s immediate future, his every step will be scrutinised.

Undoubtedly, the new leadership바카라�s top priority would be to repair the economy. At first though, it will have to take stock of the damage to it and the proximity to economic dysfunction and collapse. Equally without doubt, any prognosis would be grim.

In the past 30 years, Pakistan has sought a bailout from the IMF 22 times to tide over various economic crises. Thus, though there is an ongoing debate whether to fall back on this time-tested tradition, many suggest that the new dispensation should also try other options.

One reason why Pakistan is thinking of looking for options beyond the IMF could well be the current fraught state of Pakistan바카라�s relations with the United States바카라�a country that has a major say in the IMF. Some Pakistani policymakers worry that the American administration might be inclined to use the present economic crisis to chastise Pakistan for its perceived non-cooperation on the fight against terrorism, thumbing its nose at the US leadership.

But apart from the possible strict conditions the US might force on the IMF for Pakistan, many Pakistani experts feel that the chronic economic atrophy the country faces is partly because of the Fund바카라�s recommendations.

Apart from seeking investment from non-resident Pakistanis, 바카라�all-weather ally바카라� China is, predictably, the one country that Imran Khan바카라�s government could turn to. China has already made multi-billion dollars worth of investment on its showpiece project바카라�the China-Pakistan Economic Corridor (CPEC). Though many countries in the region have also shown interest in this project바카라�part of Chinese President Xi Jinping바카라�s Belt Road Initiative (BRI)바카라�an important link to make this mega project viable and investment-friendly is still missing. That, according to Chinese and other experts, is Pakistan바카라�s powerful eastern neighbour. India had been opposing the CPEC because of its current hostile relations with its main beneficiary, Pakistan, and suspicion towards its master originator, China. Furthermore, the CPEC passes through parts of Pakistan-occupied Kashmir that Delhi claims as an integral part of the country.

An obvious area that could well give a kickstart to both the CPEC in areas it has not yet reached and, more importantly, to the stalled engagement between India and Pakistan, is cooperation on trade and investment between the two neighbours through Punjab. The Indian border state and its corresponding, all-important Pakistani counterpart (its biggest province and repository of most of its populace and economic heft), could well be the focus of the proposed trade cooperation.

Indian media reports have highlighted the recent visit of the Chinese ambassador to India, Luo Zhaohui, to Punjab and his journey to other parts of the state, including the Wagah-Attari border post.

Experts feel that though the proposal for starting India-Pakistan trade for a thaw in frozen relations is not new, a Chinese show of interest in using it as a tool to trigger engagement on the one hand and expand the CPEC and BRI바카라�s reach to bring India within its fold on the other, might just work.

In India, many observers find encouragement in the cordial phone conversation between Narendra Modi and Imran Khan recently. The fact that the Indian PM decided to call Imran at a time when his majority in the National Assembly was far from certain, much before his formal induction as Pakistan바카라�s new prime minister, has been read by many as evincing a keenness to put bilateral ties on track.

The Indian high commissioner in Islamabad Ajay Bisaria recently met Imran and exchanged views on two pressing issues바카라�predictably, on terrorism and Kashmir. The SAARC Summit, to be hosted by Pakistan later this year, was also part of the discussion.

In an India slowly stirring into election mode, whether the window of opportunity that is opening in Pakistan바카라�with some Chinese nudging바카라�could be seen a risk worth taking or not would depend on how confident PM Modi feels. He can reach out to a sworn adversary and turn it into a political/diplomatic achievement바카라�a feather in his cap바카라�or he can shelve it for a post-election perusal, after assessing Pakistan바카라�s new helmsman. Facing Imran Khan with the new ball can be challenging, but also a rewarding experience.