Come January!

Come January!
Is the party over? Consider.

Last Wednesday, the Speaker of the National Assembly, Asad Qaisar, had to hurriedly adjourn the scheduled session for the day because he couldn’t rustle up sufficient PTI members to complete a quorum. While this isn’t uncommon on any day, the session was especially important for one reason: the government wanted to test the waters before wading in to enact two very important bills. But it is afraid of the consequences if it is unable to muster a parliamentary majority to pass the bills. It fears the opposition will raise an unprecedented hue and cry because both bills are unpopular in the public imagination. One diminishes national sovereignty and the other imposes new hardships on the public. After the rout in the local body elections in KP attributed to inflation and economic mismanagement, ruling party MNAs are loath to support either bill.

The first is a bill to make the State Bank of Pakistan independent of the Finance Ministry. The second is a Money Bill to supplement the Budget 2021-22 by raising revenues and cutting expenditures (ending tax exemptions and subsidies and imposing additional import duties and taxes) significantly. Both are pre-conditions for getting back on track with the IMF’s structural adjustment program whereby Pakistan has queued up to receive a second tranche of over US$1 billion. These two bills must be passed in the next week or two before the IMF Board’s meeting in Washington DC. The government is begging the IMF to accept a Presidential Ordinance instead of a Parliamentary Bill for SBP autonomy but the IMF has flatly refused. It knows an Ordinance is valid for only four months and has no permanent value. The Money Bill is more critical. If it fails to sail through both houses, the constitution treats the matter as  a vote of no confidence in the government. In the event, a new government has to be formed on the basis of a vote of confidence by a majority of MNAs or fresh elections have to be called if no one can demonstrate a majority.

That would explain why a cabinet meeting on the same day announced that it had deferred both bills to a later unspecified date. The last time Imran Khan could rally his allies to lend him their votes was during the Joint Session of Both Houses earlier this month when the government railroaded 33 bills without even a reading in parliament. But that was made possible only by a not-so-discreet intervention by the Miltablishment which nudged disgruntled allies to bail the government out. This time round, however, Imran Khan is not sure whether the same help will be forthcoming or not. Certainly, it wasn’t available during the KP local body polls, confirming the true situation on the ground just as a false situation was created to facilitate the PTI’s win in 2018.

The ball is in the Miltablishment’s court. If it bails out Imran Khan yet again when public sentiment against him is at its peak, it will invite severe opprobrium, which will spread disaffection in its rank and file. If it doesn’t, Imran Khan’s government will be immobilized and face the prospect of being ousted. He could react by replacing the current leadership of the Miltablishment by one more committed to bailing him out, but that may invite a severe institutional backlash against him with unforeseen consequences. Or he could call it a day himself.

The opposition isn’t waiting to find out what he will do and how the Miltablishment will react. The PMLN has announced it will launch an “agitation” movement to raise the stakes. Given the angry mood of the public, even a limited organizational measure of success could prove difficult to handle for the government. After the TLP protest in which the Punjab Police got the end of the stick instead of giving it to the militant mscreants, it is moot whether the cops will obey orders with any degree of motivation. But if the Miltablishment once again steps in to help Imran Khan, it will provoke the opposition, in particular Nawaz Sharif and Maulana Fazal ur Rahman, to once again target its leading lights for unconstitutional interventions, which will have the same negative impact on its rank and file as happened the last time when both gentlemen ended up naming and shaming names.

According to insiders, the Miltablishment has finally decided it can’t support Imran Khan any more without irrevocably alienating its own support base. Indeed, according to a leading TV channel close to the government, Miltablishment negotiations with Nawaz and Shehbaz Sharif have yielded positive results, with only one or two hurdles to cross before steps are jointly taken to get rid of Imran Khan and install a new government that can transition to general elections as soon as possible. As if on cue, Nawaz Sharif has publicly announced that he will return to Pakistan soon and Maryam Nawaz has publicly confirmed that the next prime minister will be chosen by Nawaz Sharif.

Come January, watch this space for an announcement that the party is over. That will happen when a vote of no-confidence ousts Imran Khan, or he sees the writing on the wall and packs his bags, after which a new government backed by the PMLN will take over for a short period to accomplish certain tasks and then dissolve parliament and order new general elections.

Najam Aziz Sethi is a Pakistani journalist, businessman who is also the founder of The Friday Times and Vanguard Books. Previously, as an administrator, he served as Chairman of Pakistan Cricket Board, caretaker Federal Minister of Pakistan and Chief Minister of Punjab, Pakistan.