Pakistan’s voters expressed their disillusionment with the nation’s powerful military in a surprising election result earlier this month. But the army is still poised to have more control from behind the scenes than ever — and reviving the economy will be its ultimate test.
The military, which has ruled Pakistan directly or indirectly for most of its modern history, is set to make all important decisions on foreign policy and security for the country’s new government and have a more expanded role in running the nation’s economy, a person familiar with the matter said. Shehbaz Sharif, who’s expected to become prime minister, is likely to be only a figurehead, the person said, asking not to be identified because the information is private.
The army is consolidating power as Pakistan faces the worst inflation in Asia, a crippling debt load and the need to negotiate another bailout from the International Monetary Fund. Observers are largely pessimistic that a weak coalition propped up by the military will fare any better than similar governments in the past.
While the army “definitely has more credibility” than politicians, “it has not shown historically a strong grasp or understanding of what needs to be done,” said Yousuf Nazar, a former Citigroup Inc. banker and author of The Gathering Storm: Pakistan.
Pakistan’s military and Sharif’s party did not respond to a request for a comment.
Pakistan’s two old-guard political parties — controlled by the Sharif and Bhutto clans — agreed last week to form a government,