Muhammad Arif : Chairman Centre of Advisory Services for Islamic Banking and Finance (CAIF), Former Head of FSCD SBP, Former Head of Research ArifHabib Investments and Member IFSB Task Force for development of Islamic Money Market, Former Member of Access to Justice Fund Supreme Court of Pakistan

Two years have passed for the PTI government and 20 years have passed in which military dictatorship under Musharraf, PPP, PML N JUI governments have been tried with no positive results. This has made every one’s mind highly confused.

But the things are very clear.

In history we have seen emergence of governments everywhere having same features at different time zones. In 1971 world had seen Soekarno, Bhutto, Nasir, King Faisal, MaoTze Tung, Ho Chi Minh, and Degaule with their focus on people with international environment in support of their efforts. But all died earlier due to judicial or other kinds of murder.

Now after 50 years we see governments everywhere with two faces. Trump is in USA and has lost millions of Americans due to corona with his wrong policies. He is still staying there with no public resistance and may come again at the end of this year. Modi is in India with killing and killings of Muslims and down trodden people and setback on his Chinese front. Middle East and Africa is also under ill reputed leaders. UK and France is also going through the same kind of leadership.

 In Pakistan after PPP government captioned as government of mafias, PMLN government captioned as government of corruption now we have PTI government captioned as government of liars and liars and U turns. So chapter of history is at such a stage where no one can see their replacements at the earliest.

So wait for that part of history when governments having one face loving its people would start appearing in the world like a wave of sea.

Political and economic changes do not move in a start line but moves ups and down. On economic front world has seen two great crises in 20th and 21st centuries. One in 1930, second one in 2007. Asian financial crisis appeared in 1997. Likewise Pakistan economy has seen three surges i.e. in 1952, 1963 and 2003 whereas it has seen five downs.

Now whether one likes or not but Corona has pushed the world towards another financial crisis in 2020 that would push the world towards some political changes as well.

In USA presidential elections are due in the late half of this year. Trump was looking better but now his Aides Bolton revelations and his niece Mary Trump – a psychologist has damaged him to some extent by revealing in her book that her uncle’s childhood is affecting his ability to govern in a crisis. “Donald is a psychologically deeply damaged man, based on his upbringing and the situation with his parents.

In Pakistan nobody is looking to replace Imran Khan and Buzdar instead of certain conspiracy theories. Just remember that in spite of good opportunity to opposition they are saying that they do not want to bring any change out of the constitution. That means from inside they are with Imran Khan.

But now the corona is following every one by taking lives of millions and creating immense challenges to the present rulers which they cannot confront due to its intensity.

Even when Seven PM aides are declared either dual nationals or hold another country’s permanent residency but they have been handed over even security issues to them. For people whther it makes any difference apart from programs on this issue on media.

 Infect difference would come when KE would deliver its electricity to the 20 million inhabitants of Karachi. Difference would come when instead of holding inauguration ceremonies of construction of Bhasha Dam by 4 PMs within five years actual work may actually start. Difference would make when CPEC may become reality. Difference would come when people may start getting education and health facilities at all levels, Difference would come when they may start getting money at least to run their homes and get food in time.

This difference when emerge would mean that democracy has arrived in Pakistan whether with Imran Khan or without Imran Khan.


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