The writer is a political economist
This article may have even a shorter shelf-life than most newspaper articles, if the rumours about Hafeez Shaikh’s possible candidature as Pakistan’s next prime minister, are not vehemently and credibly quashed soon enough. However, if there is even a small suggestion of truth in such a possibility, it reveals the poverty of ideas and choices in Pakistan’s ruling political class, and undermines the process of democratisation which has made some inroads since 2008. Dr Shaikh as a possible unelected prime minister is an anti-democratic measure.
The media in Pakistan has become far more proactive and investigative over the last few years and continues to expose a number of aspects which undermine democracy. In recent articles by reliable and credible columnists and journalists, it has been argued that Dr Shaikh is “close to the military”, as well as to the US and the IMF, and in fact, there has been an assumption for some time, that Dr Shaikh is the “American’s man” in Pakistan. While we do not know to what extent these possibilities are true, if they are, they certainly reveal the continued presence and power of anti-democratic forces over the political class in Pakistan. If the military and the Americans have to determine who Pakistan’s prime minister will be, caretaker or not, that is a sad commentary on all the democrats elected in 2008, and those who hope to be elected in 2013. If there is any truth in such assertions, the political class needs to oppose the possible nomination of Dr Shaikh.
In the age of transition towards further democratisation in Pakistan, Dr Shaikh is a poor choice — lest one forget, he is a Musharraf-era minister as well — but he is also a very poor choice on the basis of performance criterion. There is much agreement amongst economists, that his tenure as Pakistan’s finance minister, has been marked by poor performance whenever any policy was followed through, and that didn’t happen all that much. The economy has not performed well at all on his watch and numerous articles in the press have revealed the inefficiency of his ministry over the last two years. And if the IMF want him as well, as some journalists have argued, one wonders why this would be the case. The IMF programme which he was responsible for undertaking, failed miserably, precisely because Dr Shaikh was not able to take the political elected class along with him. The failure to implement the RGST is the high mark of his career as Pakistan’s finance minister. Why should Pakistan have to suffer a failed technocrat as prime minister?
There must be better names for a caretaker prime minister than Dr Shaikh’s. With Pakistan’s numerous unresolved issues and problems, many of the names doing the rounds are far better suited to Pakistan’s current predicament than someone who has had a supporting role to play in creating many of the economic problems which face Pakistan today. Besides, the political parties in power — which are most of the parties, either at the centre or in the provinces — ought to make political choices to ensure that the correct signals are given about intent and purpose and about deepening the process of democratisation in Pakistan. The political class needs to show their independence, both from the military and from America, and appoint someone who has a better record at managing a government. Someone who has failed in one ministry is not suited to lead an entire cabinet. Some weeks ago, members of the National Assembly’s Standing Committee on Finance, which included at least one prominent PPP member, demanded the resignation of the finance minister. They stated that he “had no time to listen to parliamentarians’ proposals to put the economy on right [sic] track”. They were clearly outraged enough, according to the news report, to “force” the chairman of the Standing Committee to write a letter to the prime minister asking for the minister’s removal, and demanded that he be replaced by an ‘elected member’. One hopes, that not just these members of the Committee, but many others as well, will voice their dissent again.
It is probable that the caretaker prime minister and his (or her) cabinet will play a pivotal role in managing the electoral transition in this stage of democratisation. Individuals with ample democratic credentials ought to be better suited for such positions, not those who serve military dictators and switch loyalties given half a chance.
Published in The Express Tribune, February 21st, 2013.
COMMENTS (12)
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@John B: "Economy is science, whereas politics is not", have you heard the subject called political science, I have majored in Economics and my minor was political science, both are considered social sciences at Kansas State University. you might reconsider your assumptions.
China can help, may be you can ask PLA to help
Hafiz Shaikh ruined the economy & now wants to become interim PM! What amount of greed? Please go away.
Agreed. This is the last we should hear of Hafeez Shaikh in any public office (minister, PM, adviser, or any other position supported with tax payers' money)
How could Gen Mush's associate be acceptable as free and fair PM?
oh god....
Hafiz Sheikh has ruined the economy beyond repair due to bad policies and in-action
Very interesting article. I might not agree with everything that has been stated in the article. However, there are two things that I do agree upon: Firstly, Hafeez Sheikh should have resigned sooner than this if he wasn't allowed to push through his economic reforms (just like Shahid Kardar did). At least, that won't have sacrificed his professional credibility. Secondly, I agree, that we have other less controversial choices available that would make for a safer choice.
Why not a Chinese import as a PM?
If this government can make someone like Raja Pervaiz Ashraf, the prime minister, then why not Hafeez Shaikh be the caretaker PM.
".. Dr Shaikh was not able to take the political elected class along with him. The failure to implement the RGST is the high mark of his career as Pakistan’s finance minister"
To be fair it is not true that it is his fault. Nearly every political party marched against it in the streets of PAK and the Govt had to back down.
Whether he is chosen as interim PM or not is immaterial. What PAK needs now is someone at the helm who can take all political parties along during the time of transition when the economy will also be sliding down hill; Someone who is knowledgeable enough to put a brake and acceptable by the financiers who are keeping the PAK afloat.
"The political class needs to show their independence, both from the military and from America, and appoint someone who has a better record at managing a government."
PAK is searching for that someone messiah for a long time, is it not? Hoping that he will appear for three months only to be thrown away later is overly ambitious.
The finance ministry is a department based on data and politicians should be ready to accept the finance ministry suggestions and sell the recommended policies to the ignorant masses regardless of political policy differences. All over the world the vested interests of the political parties spoil the economic progress.
Economy is science, whereas politics is not. Now, who is a scientific care taker PM messiah who will manage the sliding during the three months when political parties are fighting on the steets. Because he will break or keep the PAK economy afloat.