Two important developments that took place this week, shaping the economic and political landscape of Pakistan, have come after a long legal process, but will not be noteworthy for their legal standing. One was the disqualification of Imran Khan by the Election Commission of Pakistan, and the other, the exclusion of Pakistan from the ‘gray list’ by the FATF. Although ample legal grounds were available, legality on such matters is just a useful tool. Both of these decisions were rooted in politics, local as well as international. Therefore, the implication of such decisions should be assessed based on their political angle rather than legal. What is important in the disqualification verdict of ECP, is the recommendation for initiating a criminal proceeding for ‘acts of corruption’ by the Ex-Prime Minister, Imran Khan. This is important in the respect that even if the disqualification is reversed in a court appeal, or becomes ineffective through legislation, the criminal proceeding based...
Pakistan Investment Landscape | Markets | Securities