Tough Times in Pakistan
August 27th, 2008 by Adam
An editorial in the Financial Times (registration required) laments that in less than a week after Musharraf’s resignation, Pakistan’s coalition government has collapsed after Nawaz Sharif walked out. The editorial cautions that the parties “may simply be resuming the visceral and partisan winner-takes-all contest for power” seen under Musharraf. However, “that is a luxury a poor, nuclear-armed, fragile democracy beset by insurgency definitely cannot afford.
Meanwhile, political uncertainty and violence has undermined the confidence of investors, causing Pakistani stocks to fall to their lowest level in 2 years.
Posted in Pakistan |
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