Business Day

Younger Sharif to lead Pakistani government again

- Asif Shahzad and Gibran Naiyyar Peshimam

Shehbaz Sharif is set to begin a second term as Pakistan’s prime minister in coming days, returning to the role he had until August when parliament was dissolved before last week’s elections.

Sharif, 72, was named by his party and coalition allies to lead the nuclear-armed nation despite his elder brother and three-time prime minister, Nawaz Sharif, winning an assembly seat and being the favourite to be sworn in for a fourth term.

Nawaz Sharif’s daughter, Maryam, posted on X that her father did not want to run a minority coalition government having had clear majorities in his three previous stints as prime minister. Their Pakistan Muslim League-Nawaz (PMLN) party controls only 80 seats in the 264-seat parliament but has been promised support by six other parties for a majority.

The younger Sharif played a key role in keeping together a coalition of disparate parties for 16 months after parliament voted former premier and rival Imran Khan out of office in 2022, and in securing a lastgasp Internatio­nal Monetary Fund (IMF) deal in 2023.

Shehbaz Sharif became prime minister as the PML-N buried difference­s with the powerful military in the face of their common rival, Khan, who was at odds with top generals on policy. At the time, Nawaz Sharifwas in self-imposed exile in London and disqualifi­ed from holding public office.

Before his stint as prime minister, the younger Sharif was knownmore as an administra­tor than a politician, having served as chief minister thrice in the largest province, Punjab.

HIGH INFLATION

But as prime minister, he quickly took on the role of peacemaker between coalition parties often at odds with one another over key policies.

Shehbaz Sharif’s biggest achievemen­t in his short tenure was clinching a bailout from the IMF with Pakistan on the brink of a debt default. The deal was signed after Sharif personally called on IMF chief Kristalina Georgieva in June 2023.

But under his government, inflation touched a high of 38%, with record weakening of the rupee currency, due mainly to structural reforms necessitat­ed by the IMF programme to stabilise the economy.

He blames the economic meltdown on Khan’s government, which he says broke an agreement with the IMF just before he was ousted. Sharif said his government had to introduce a slew of reforms and scrap subsidies, causing inflation to surge.

Pakistan continues to be enmeshed in the economic crisis, with inflation remaining high, hovering around 30%, and economic growth slowing to about 2%.

Sharif will need to emulate his feat of securing a short-term IMF bailout with the current programme expiring in March and a new extended deal needed to keep Pakistan on a narrow path to recovery.

But his main role will be to maintain ties with the military, which has directly or indirectly dominated Pakistan since independen­ce. Unlike his elder brother, who has had a rocky relationsh­ip with the military in all three of his terms, the younger Sharif is considered by the generals as more acceptable and compliant, analysts say.

For several years, the military has denied it interferes in politics. But it has in the past directly intervened to topple civilian government­s three times, and no prime minister has finished a full five-year term since independen­ce in 1947. Privatisin­g some lumbering state giants, including the national airline, and securing foreign investment will also be key to easing the economic crisis.

The Sharifs have close ties with rulers in Saudi Arabia and Qatar, which could help in securing investment­s in several projects Pakistan has lately showcased for sale.

Though defence and key foreign policy decisions are largely influenced by the military, Sharif will have to juggle relations with the US and China, both major allies. He is also faced with dealing with fraying ties with three of Pakistan’s four neighbours, India, Iran and Afghanista­n.

‘ WORKAHOLIC’

Sharif was born in the eastern city of Lahore into a wealthy Kashmiri-origin family that was in the steel business.

He started his political career as the chief minister of Punjab in 1997 with a signature “can-do ” administra­tive style.

His cabinet members and bureaucrat­s who have worked closely with him call him a workaholic.

As chief minister, the younger Sharif planned and executed a number of ambitious infrastruc­ture mega-projects, including Pakistan’s first modern mass transport system in Lahore.

He was caught up in the national political upheaval when his brother was ousted as prime minister by a military coup in 1999, and he went into exile in Saudi Arabia.

Sharif entered the national political scene when he became the chief of the PML-N after the elder Sharif was found guilty in 2017 on charges of concealing assets related to the Panama papers revelation­s.

Married twice, Shehbaz Sharif has two sons and two daughters from his first marriage but none from the second. One of the sons is in politics, but the others are not in public life.

His second wife is Tehmina Durrani, the well-known author of My Feudal Lord, an autobiogra­phy about a difficult marriage to an abusive earlier husband. /

 ?? Reuters ?? Shehbaz Sharif /
Reuters Shehbaz Sharif /

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