Friday, July 10, 2009

Cost to the country is 360 degrees, with no easy solution in sight, says Ishrat Saleem

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Azeem Saleem, working in a foreign-funded project in Lahore, expressed deep concern on the economic fallout of this incident. He felt that foreign investors would think twice before investing their money in a country where security is precarious. It is possible that they consider pulling out their investments unless the government shows willingness to deal with the problem. But first of all, the culprits need to be identified.

The attack came at a time when the government is grappling with various crucial issues. The Sharif brothers of the estranged coalition partner Pakistan Muslim League (Nawaz) have been disqualified by the Supreme Court from contesting elections, while the president imposed an ill-advised governor’s rule in Punjab to preclude the possibility of PML-N nominating a new chief minister in place of Shahbaz Sharif, who has been effectively removed from his position by the SC ruling. The simmering tensions between the coalition partners have turned into an open confrontation. The PML-N has thrown its weight behind the lawyers’ movement and took out a long march in Islamabad for the restoration of judiciary sacked by former president Musharraf on November 3, 2007, after the proclamation of emergency. The attack on the Sri Lankan team overtook protests by PML-N supporters, leading some to suggest that it was the handiwork of government agencies to divert attention from domestic issues and diffuse international pressure that came as a result of Mumbai attacks. Others were quick to find connect as far beyond as the hideouts of LTTE, which has been nearly vanquished by Sri Lanka’s security forces.

Detracting the conspiracy theories being hatched by the media, senior journalist Wajahat Masood was categorical that it was the work of al-Qaeda. We should not read too much into it, he said. “The objective is to isolate Pakistan internationally and destablise it internally.” Ruling out agencies’ involvement in the attack, he said that it has created all sorts of problems for the government. Since Sharif brothers no longer hold the Punjab government, they would be keen for the success of the long march. In his view, the terrorists’ escape was as much the result of their deep penetration and support bases in all parts of the country as it was of the abysmal failure of security apparatus.

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Source :
IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and
Arindam Chaudhuri (Renowned Management Guru and Economist).

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