Pervez Musharraf addresses the nation from Islamabad today with a photograph of Muhammad Ali Jinnah, the founder of Pakistan, in the background.
Pervez Musharraf addresses the nation from Islamabad today with a photograph of Muhammad Ali Jinnah, the founder of Pakistan, in the background.

'Battle won, but not the war'



Islamabad // Pro-democracy groups celebrated Pervez Musharraf's resignation yesterday as an opportunity to end the country's long history of military rule. Few Pakistanis, however, were under any illusion to the challenges ahead as the country faces threats from pro-Taliban and al Qa'eda militants as well as an economic crisis and a civilian leadership with a legacy of corruption and ineptitude. Opinion polls had shown that the majority of Pakistanis had wanted Mr Musharraf, the former commando who seized power in 1999, to resign. He had committed a series of blunders that began with the sacking of the chief justice in March 2007 and culminated with his imposition of a state of emergency in November in order to be re-elected while still army chief. The public also held him responsible for the bloody commando operation against Islamabad's Red Mosque in 2007, the illegal detention and rendition of terrorist suspects to the United States and the violent suppression of a lawyers' rally that led his political allies to kill 42 people in Karachi. In the end, he had to go because he had failed to establish his own power base. Washington, keen to burnish its credentials as a harbinger of global democracy, had set its key ally in the "war on terrorism" an almost impossible task: step down as army chief, hold free and fair elections and remain in power. In many ways, Mr Musharraf had served his purpose. He had, ostensibly, reversed Pakistan's pro-Taliban stance, handed over a handful of key al Qa'eda leaders and espoused an acceptable liberalism that was dubbed "enlightened moderation". However, he had become unpopular at home at a time of rampant anti-Americanism, and Washington needed a popular, democratic government in Islamabad to persuade Pakistanis on their own need to tackle extremism. Last year, the White House referred to him as "an indispensable ally". This week, Condoleezza Rice, the US secretary of state, described him in the past perfect tense, saying Mr Musharraf "has been a good ally". US officials had begun to leak reports of dissatisfaction with his control over the ISI agency and its links with the Taliban. The British and US-backed plan that envisaged him sharing power with the Pakistan People's Party (PPP) was blown apart with the brutal realities of Pakistani politics: the party's leader was assassinated and the two parties loathe each other. The ruling PPP took pre-emptive action. It was concerned that Mr Musharraf, who had been weakened by stepping down as army chief in November and when his party fared poorly in February's election, might use an intelligence agency to undermine the coalition government. Also, the PPP's partner, the Pakistan Muslim League (PML-N) of Nawaz Sharif, who Mr Musharraf ousted in a military coup, had threatened to pull out of the coalition unless action was taken against the president. The army had withdrawn its political support for Mr Musharraf in its bid to step back to allow the civilian government to prosper and to mend its own reputation, battered by eight years of military rule and the unpopular prosecution of "America's war". The civilian government must now step into the void to bear the responsibility for counter-terrorism operations and set aside partisan rivalry to provide the country with stability. But Mr Musharraf's departure has left the country in the hands of two political families that are synonymous with poor governance and corruption. The PPP's main candidate to replace Mr Musharraf is Asif Ali Zardari, Benazir Bhutto's widower, who was known during his wife's two tenures in power as "Mr 10 Per Cent" on account of the alleged kickbacks he received on government contracts. His candidature is controversial and still in doubt. According to the constitution, Mohammadmian Soomro, a Musharraf ally and the chairman of the senate, which is the upper house of parliament, will become president until parliament votes to choose a new president within 30 days. Traditionally, in Pakistan, the president has been a figurehead with the prime minister holding most powers, but ironically, due to the grip he holds on his party, if Mr Zardari takes office, Pakistan would continue to be ruled by a more presidential system. The coalition partners will soon have to agree on major constitutional amendments aimed at restoring primacy to parliament by scrapping a controversial presidential power that allows the president to dissolve parliament. The coalition government, which proved to be incapable of governing while Mr Musharraf was in power, will struggle to stay united and suppress its deep-seated rivalries. "Musharraf lost legitimacy. But the coalition partners, given their performance up until right now, have shown that they are not geared to providing stability and government. They had one scapegoat for their failures and they have now just thrown him out," said Ejaz Haider, a liberal political analyst and commentator. The two parties have pledged to remain united in a spirit of reconciliation to face Pakistan's myriad problems. It remains to be seen whether Mr Sharif's political ambitions will outweigh his good intentions. Analysts also question whether the coalition government will be able to build on Mr Musharraf's success in advancing the India-Pakistan peace process. Since elections and the unravelling of Mr Musharraf's grip on power, tensions have flared again between the two nuclear countries on the border of the disputed territory of divided Kashmir as hardliners within Pakistan's establishment have flexed their muscles. There remains the question of how the two coalition partners will resolve an issue over which they have already fought: the restoration of the judges Mr Musharraf fired. Mr Zardari may be reluctant to restore judges who questioned the legality of one of the chief facets of the failed Musharraf-PPP power sharing deal: an amnesty on corruption charges. The government must also tackle such economic problems as inflation, which is at its highest in years, and widening trade and fiscal deficits. High oil prices have depleted foreign reserves while the rupee has lost about one-quarter of its value this year. For western ears, Mr Musharraf used to say that being a military strongman he had "unity of command". In theory, Ashfaq Kiyani, the current, all-powerful chief of army staff, retains that command and the confidence of Washington. Pakistani forces have conducted a bloody campaign against militants on the tribal areas. However, the West continues to suspect elements of Pakistan's military intelligence of aiding al Qa'eda and Taliban militants. A civilian government may be even less successful than Mr Musharraf in reining in these religious, nationalist elements who regard jihadis as a "national asset". Past Pakistani civilian governments have been undermined and removed by the military. With Mr Musharraf gone, once again the army and a civilian government will have to negotiate a balance of power. For PPP officials, yesterday's removal of Mr Musharraf was a blow against the establishment they consider responsible for the assassination of Bhutto. "It was an opportunity for the first time for power to be handed to a civilian government and given a free hand to govern the country," said a senior PPP official. "The battle has been won, but not the war," said Asfandiyar Wali Khan, the leader of Awami National Party, which governs the insurgency-hit North West Frontier Province. @email:iwilkinson@thenational.ae

COMPANY PROFILE
Company name: BorrowMe (BorrowMe.com)

Date started: August 2021

Founder: Nour Sabri

Based: Dubai, UAE

Sector: E-commerce / Marketplace

Size: Two employees

Funding stage: Seed investment

Initial investment: $200,000

Investors: Amr Manaa (director, PwC Middle East) 

The specs

Engine: 2.0-litre 4-cylturbo

Transmission: seven-speed DSG automatic

Power: 242bhp

Torque: 370Nm

Price: Dh136,814

The%20specs
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MATCH INFO

Bangla Tigers 108-5 (10 ovs)

Ingram 37, Rossouw 26, Pretorius 2-10

Deccan Gladiators 109-4 (9.5 ovs)

Watson 41, Devcich 27, Wiese 2-15

Gladiators win by six wickets

Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EHayvn%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EChristopher%20Flinos%2C%20Ahmed%20Ismail%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EAbu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3Efinancial%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3Eundisclosed%3Cbr%3E%3Cstrong%3ESize%3A%3C%2Fstrong%3E%2044%20employees%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3Eseries%20B%20in%20the%20second%20half%20of%202023%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EHilbert%20Capital%2C%20Red%20Acre%20Ventures%3C%2Fp%3E%0A
The Bio

Hometown: Bogota, Colombia
Favourite place to relax in UAE: the desert around Al Mleiha in Sharjah or the eastern mangroves in Abu Dhabi
The one book everyone should read: 100 Years of Solitude by Gabriel Garcia Marquez. It will make your mind fly
Favourite documentary: Chasing Coral by Jeff Orlowski. It's a good reality check about one of the most valued ecosystems for humanity

Padmaavat

Director: Sanjay Leela Bhansali

Starring: Ranveer Singh, Deepika Padukone, Shahid Kapoor, Jim Sarbh

3.5/5

Essentials
The flights: You can fly from the UAE to Iceland with one stop in Europe with a variety of airlines. Return flights with Emirates from Dubai to Stockholm, then Icelandair to Reykjavik, cost from Dh4,153 return. The whole trip takes 11 hours. British Airways flies from Abu Dhabi and Dubai to Reykjavik, via London, with return flights taking 12 hours and costing from Dh2,490 return, including taxes. 
The activities: A half-day Silfra snorkelling trip costs 14,990 Icelandic kronur (Dh544) with Dive.is. Inside the Volcano also takes half a day and costs 42,000 kronur (Dh1,524). The Jokulsarlon small-boat cruise lasts about an hour and costs 9,800 kronur (Dh356). Into the Glacier costs 19,500 kronur (Dh708). It lasts three to four hours.
The tours: It’s often better to book a tailor-made trip through a specialist operator. UK-based Discover the World offers seven nights, self-driving, across the island from £892 (Dh4,505) per person. This includes three nights’ accommodation at Hotel Husafell near Into the Glacier, two nights at Hotel Ranga and two nights at the Icelandair Hotel Klaustur. It includes car rental, plus an iPad with itinerary and tourist information pre-loaded onto it, while activities can be booked as optional extras. More information inspiredbyiceland.com

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Our family matters legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Real estate tokenisation project

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.

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
Key changes

Commission caps

For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:

• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term). 

• On the protection component, there is a cap  of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).

• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated. 

• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.

• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.

Disclosure

Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.

“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”

Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.

Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.

“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.

Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

Jigra
Director: Vasan Bala
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Rated: 3.5/5
The specs

Engine: 2.0-litre 4-cylinder turbo

Power: 240hp at 5,500rpm

Torque: 390Nm at 3,000rpm

Transmission: eight-speed auto

Price: from Dh122,745

On sale: now

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