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FROM AFP NEWS
By Emma CLARK
October 19, 2023
Photo: Arif ALI
Three-time Pakistan prime minister Nawaz Sharif will return from exile eager to make yet another comeback in a country mired in political and economic chaos.
The 73-year-old is one of the nation's wealthiest men, with a fortune earned in the steel business, but is admired by supporters for his approachable "man of the soil" demeanour.
Often draped in a red Gucci scarf, his political fortunes have risen and fallen on his relationship with Pakistan's powerful military establishment –- the country's true kingmakers.
Fans call him "the Lion of Punjab", the eastern and most populous province where his support is strongest, and he is known to parade big cats at extravagant political events drumming up support.
Despite a conviction for graft hanging over him, a court this week granted him protective bail until Tuesday -- paving the way for a welcome home rally that has been on the cards for months.
After four years of self-imposed exile in the United Kingdom, it will be a major test of clout for one of the big beasts of Pakistani politics.
Sharif is widely believed to have continued pulling the strings of his Pakistan Muslim League-Nawaz party, even after his brother Shehbaz led them to power last year in a coalition ousting Imran Khan.
Nawaz first took power in 1990 with the blessing of the establishment, but was forced out three years later by corruption allegations -- a theme that has dogged his career.
He has lived for years in Saudi Arabia and London -- where the Sharif family have extensive luxury properties -- only to return to Pakistan each time with renewed zeal.
Stung by the nationalisation of the family steel business -- which he later regained control of -- Sharif is a fiscal conservative and champion of economic liberalisation and free markets.
He oversaw the privatisation of several key state enterprises -- including banks and energy producers -- in a process critics say was riven by corruption.
He was also one of the key drivers of the $60 billion China-Pakistan Economic Corridor (CPEC) that underpins relations between Islamabad and Beijing.
During his various stints as premier he was accused of stacking courts with loyalist judges, tinkering with the constitution, and rigging provincial elections to shore up his party's power bases.
His second reign of power lasted two years and ended in 1999 with him deposed in a military coup after plotting to sideline his army chief of staff, Pervez Musharraf.
Sharif narrowly avoided the death sentence in a hastily convened trial before being sent into self-imposed exile.
More than a decade later and he was back in power, in part because of his brother's diligent performance as chief minister of Punjab, regarded Pakistan's most powerful constituency.
But fresh graft allegations emerged when his children were named in the Panama Papers leak for holding offshore companies.
Sharif is one of the nation's wealthiest men but is admired by supporters for his approachable "man of the soil" demeanour Arif ALI
He was later convicted over separate corruption allegations and disqualified from office for life. It was the third time that he failed to complete a full term.
Less than a year into a seven-year prison sentence he was granted permission to travel to the United Kingdom for medical care and then declined to return.
But with Khan falling spectacularly out of favour with the military, Sharif's fortunes began to change last year.
His return has been smoothed by legal changes downsizing the period lawmakers can be barred from elections.
Analysts also say there has likely been a deal with the establishment to prevent further court challenges.
But the "Lion of Punjab" must also win over a population weary of dynastic politics and weighed down by economic crisis.
www.barrons.com
Pakistan's Comeback King Nawaz Sharif Returns Again
By Emma CLARK
October 19, 2023
Photo: Arif ALI
Despite a graft conviction hanging over him, a court this week granted ex-prime minister Nawaz Sharif protective bail until Tuesday -- paving the way for a welcome home rally
Three-time Pakistan prime minister Nawaz Sharif will return from exile eager to make yet another comeback in a country mired in political and economic chaos.
The 73-year-old is one of the nation's wealthiest men, with a fortune earned in the steel business, but is admired by supporters for his approachable "man of the soil" demeanour.
Often draped in a red Gucci scarf, his political fortunes have risen and fallen on his relationship with Pakistan's powerful military establishment –- the country's true kingmakers.
Fans call him "the Lion of Punjab", the eastern and most populous province where his support is strongest, and he is known to parade big cats at extravagant political events drumming up support.
Despite a conviction for graft hanging over him, a court this week granted him protective bail until Tuesday -- paving the way for a welcome home rally that has been on the cards for months.
After four years of self-imposed exile in the United Kingdom, it will be a major test of clout for one of the big beasts of Pakistani politics.
Sharif is widely believed to have continued pulling the strings of his Pakistan Muslim League-Nawaz party, even after his brother Shehbaz led them to power last year in a coalition ousting Imran Khan.
Nawaz first took power in 1990 with the blessing of the establishment, but was forced out three years later by corruption allegations -- a theme that has dogged his career.
He has lived for years in Saudi Arabia and London -- where the Sharif family have extensive luxury properties -- only to return to Pakistan each time with renewed zeal.
Stung by the nationalisation of the family steel business -- which he later regained control of -- Sharif is a fiscal conservative and champion of economic liberalisation and free markets.
He oversaw the privatisation of several key state enterprises -- including banks and energy producers -- in a process critics say was riven by corruption.
He was also one of the key drivers of the $60 billion China-Pakistan Economic Corridor (CPEC) that underpins relations between Islamabad and Beijing.
During his various stints as premier he was accused of stacking courts with loyalist judges, tinkering with the constitution, and rigging provincial elections to shore up his party's power bases.
His second reign of power lasted two years and ended in 1999 with him deposed in a military coup after plotting to sideline his army chief of staff, Pervez Musharraf.
Sharif narrowly avoided the death sentence in a hastily convened trial before being sent into self-imposed exile.
More than a decade later and he was back in power, in part because of his brother's diligent performance as chief minister of Punjab, regarded Pakistan's most powerful constituency.
But fresh graft allegations emerged when his children were named in the Panama Papers leak for holding offshore companies.
Sharif is one of the nation's wealthiest men but is admired by supporters for his approachable "man of the soil" demeanour Arif ALI
He was later convicted over separate corruption allegations and disqualified from office for life. It was the third time that he failed to complete a full term.
Less than a year into a seven-year prison sentence he was granted permission to travel to the United Kingdom for medical care and then declined to return.
But with Khan falling spectacularly out of favour with the military, Sharif's fortunes began to change last year.
His return has been smoothed by legal changes downsizing the period lawmakers can be barred from elections.
Analysts also say there has likely been a deal with the establishment to prevent further court challenges.
But the "Lion of Punjab" must also win over a population weary of dynastic politics and weighed down by economic crisis.
Pakistan's Comeback King Nawaz Sharif Returns Again
Three-time Pakistan prime minister Nawaz Sharif will return from exile eager to make yet another comeback in a country mired in political and economic chaos.
