The death of human rights activist and lawyer Asma Jahangir on Sunday has deprived Pakistani society of its most effective voice against the abuses and bigotry of its competing power centres.
Jahangir, who was 66 when she died, battled political and social oppression in Pakistan with outstanding courage, eloquence and integrity for more than 40 years.
During military dictatorships, when most lawyers lacked the courage or conviction to do so, she provided outstanding advocacy to innumerable women, children, bonded labourers, political prisoners and members of religious minorities.
Amid Pakistan’s fitful flirtations with democracy, she browbeat politicians into enacting reforms which have benefited society as a whole.
Throughout her career, she offered Pakistanis a commonsense narrative grounded in shared humanity and the proverbial common good as a desirable alternative to the Machiavellian monologues propagated by the state and its minions.
Her personal and professional qualities earned her many plaudits.
At home, she was elected the leader of the most influential lawyers’ organisation, the Supreme Court Bar Association of Pakistan. She was honoured on the global stage as a UN special rapporteur on freedom of belief.
These achievements forced Jahangir’s powerful detractors to grudgingly acknowledge her effectiveness and professionalism. Indeed, their tributes are prominent among the chorus of condolences evoked by her sudden death following a heart attack.
Upon the loss of such a national icon, it is all very befitting.
But equally, it is representative of the mindset Jahangir spent her life fighting.
The powerful individuals and institutions seeking to honour her in death had spent decades slandering her for being unabashedly secular. She often said "humanity" was her only belief system.
These atheistic declarations were seized upon by Jahangir’s detractors as evidence of her participation in a multitude of supposed "conspiracies against Islam and Pakistan".
Therein lies the irony.
Jahangir was demonised by dictatorial detractors for exercising what scholars of the Abrahamic religions describe as the divine right of choice in matters of faith.
Likewise, Pakistan’s founder, Mohammed Ali Jinnah, declared that a person’s religious beliefs had “nothing to do with the business of the state”.
But anyone who was to defend Jahangir's belief system would be victimised for challenging the state’s reinvention of religious and national identity as one and the same. In doing so, they would run a very real risk of being declared a blasphemous traitor and live in fear of enforced disappearance or mob lynching.
Jahangir was vocal and much more of a Pakistani patriot for being so. She has died at a time of great turmoil within Pakistan.
Its rival power centres – primarily the military, politicians and judiciary – are deeply embroiled in a fight over who rules the country and to what extent. Now at its peak, this pitched battle is remarkable for its blind hatred and utter intolerance.
Packaged and broadcast 24/7 by a plethora of Fox-inspired cable news channels, it has poisoned Pakistani society. Internal divisions are at it their deepest since 1971, when a similar state of affairs caused the country to break apart into current-day Pakistan and Bangladesh.
Meanwhile, Pakistan’s competing power centres are complicit in glossing over the diplomatic crisis currently faced by the country.
Pakistan’s relationship with the US is at breaking point because of their undeclared rivalry over Afghanistan. Despite declarations to the contrary by both sides, the war there may soon result in unilateral US military action against militants on Pakistani soil, beyond the recent uptick in unsanctioned drone strikes.
But Pakistanis have been told relations are on the mend. When the drones have struck without Pakistan’s authorisation, they are told the incident happened in an adjoining area of Afghanistan. And so on and so forth.
Jahangir argued, righteously, that a state is only as strong as its society. The stability and solidarity of a country is most threatened when state ideology and military power supercedes the rights of its citizens for too long. Deprivation breeds resentment which, in turn, transforms cultural and religious identity into a platform for rivalry. It is a mere matter of time before these rivalries are manipulated to beget chaos.
The disintegration of the Soviet Union, in the aftermath of its ill-conceived occupation of Afghanistan, is the obvious example. From a Pakistani perspective, it is also the most appropriate one to cite.
Befittingly, Jahangir’s last public engagement was to speak at a sit-in protest staged in Islamabad by ethnic Pashtuns from the federally administered northwest tribal areas, until 2015 the stronghold of Pakistani Taliban insurgents and their Al Qaeda allies.
Since the 9/11 terrorist attacks, the resident tribespeople have been wedged between the militants, the Pakistani military and US drones. They have suffered terribly but accepted their situation as a necessary sacrifice in the national interest.
Rather than being recognised for their heroism, however, they have been treated as militant collaborators and subjected to ethnic profiling. Many have disappeared and fallen victim to extrajudicial executions.
The recent protest in Islamabad was triggered by one such atrocity recently in Karachi. The state tried to conceal the sit-in by unofficially imposing a ban on television coverage. However, the stoicism and good behaviour of the protesters prevailed and they dispersed on the day of Jahangir’s death, having gained concessions and assurances from the various arms of the state.
She would have been pleased. She would also have been sceptical about the state’s intentions regarding the fulfilment of its promises. That will only happen when Pakistanis see through the false narratives perpetrated by those competing to rule them without accountability and shame them into acting in the public interest.
Tom Hussain is a journalist and political analyst in Islamabad
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• Tralona Bartkowiak, 49
• Suzanne Fountain, 59
• Teri Leiker, 51
• Eric Talley, 51
• Kevin Mahoney, 61
• Lynn Murray, 62
• Jody Waters, 65
Result:
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2. Anna Gorbacheva (RUS) atop Curt 13 - 31.82 seconds
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4. Sheikha Latifa bint Ahmed Al Maktoum (UAE) atop Peanuts de Beaufour - 35.85 seconds
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6. Annika Sande (NOR) atop For Cash 2 - 31.42 seconds (4 penalties)
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Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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