The Pak Banker

Same old script

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Iam generally wary of inferring a great deal from the conduct of individual­s, however important, they may be, but Prime Minister Imran Khan undertook two engagement­s this week that illustrate both the fortunes of the present regime, as well as deeper continuiti­es in Pakistan's structure of power.

The more prominent of his two appearance­s was the televised address made to a special gathering of the highpowere­d World Economic Forum (WEF) in which he asserted that contempora­ry Pakistan is "all about creating wealth", and that the bad old days of the 1970s when "profit-making almost became a crime" are now well and truly behind us.

To much less overt fanfare, but no less important, was the prime minister's visit to meet the Chaudhrys of Gujrat in Lahore. Such a rare personal visit suggests that Khan's political coalition is increasing­ly unstable.

The Chaudhrys are of course one of central Punjab's major political families, and have more or less enjoyed the fruits of government­al power throughout Pakistan's history. While this particular family's particular political lineage does not extend to the days of the Raj, the 'Big Men' brand of politics that the Chaudhrys espouse has its roots in the colonial regime.

The 'Big Men' brand has its roots in the colonial regime.

'Big Men' may have interests in land, trade or industry, but are generally hand-in-glove with state institutio­ns. The British swore by such kingmakers, and Pakistani government­s have tended to do the same, even as their sources of wealth and power have changed.

That Khan, with all of his claims to be breaking with political clientelis­m, is reliant on an entrenched king-making family like the Chaudhrys of Gujrat, indicates exactly how little things have changed in ' naya Pakistan'. Even worse for him, the Chaudhrys are reportedly unhappy with what they are getting under the hybrid regime. Given the proximity of politicos like the Chaudhrys to the military establishm­ent, it is no wonder that Khan is breaking with standard practice to visit them in person.

Which brings me back to the WEF and Khan's advertisem­ent of Pakistan as a money-making haven. If on the one hand the Pakistani political mainstream has always featured entrenched 'Big Men' with interests in trade, industry, agricultur­e, and, increasing­ly, real estate, then on the other hand it has always welcomed both foreign patronage and money, whether from Big Powers, IFIs, MNCs or private investors.

He rightly noted in his WEF address that it was only for a brief period in the 1970s that Pakistan's political economy took on a different tack. Perhaps one should not be surprised at how the prime minister derided the brief experiment with Fabian socialism. After all, he was simply voicing what every major Pakistani leader since the 1980s has shared: a deep aversion to any economic model that does not revolve primarily around the profit motive, and a commitment to subjecting all natural resources, publicly owned enterprise­s and services like education and heath to the socalled ' free market'.

On the whole, this otherwise unquestion­ed orthodoxy has led to a spectacula­r rise in inequality around the world. Pakistan has seen growth in the ranks of a nebulously defined 'middle class' since the turn of the century, but there has also been an alarming increase in the number of working people falling through the cracks. The prime minister and his economic team have played up the regime's commitment to 'daily wagers', but a recent Unicef report confirmed that 23 million

Pakistani children between five and 16 years are currently out of school. Meanwhile, the pandemic has thrust millions into poverty overnight, a fact that cannot be offset by what is still a limited rollout of the Ehsaas cash transfer scheme.

In case anyone has forgotten, Pervez Musharraf's regime relied on 'Big Men' like the Chaudhrys whilst also cultivatin­g foreign investors and big business within Pakistan. It did not last, because domestic opponents frozen out of the power equation and foreign patrons alike changed tack.

There is little to suggest that the current regime has a plan beyond appealing to foreign legions and offering the usual suspects within the polity a share of the spoils.

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