One System?

12:26 AM | 18 Dec, 2022
One System?

A GROUNDSWELL of support for the PTI and recent by-election results make the fate of other parties an increasingly important topic. It is still important to consider how the PML-N and PPP, the two major political parties still with national aspirations, will fare in the future.

Some people may only care about what happens to their family and their leadership. The ability of the next leadership to adapt and maintain the party spine of first- and second-rank MPs will determine the parties' destiny.

This familial perspective on survival appears to yield less rewards with each succeeding generation. Due to two leadership changes in the previous years, the PPP's electoral base decreased geographically (from Benazir to Zardari, and with the ongoing one from Zardari to Bilawal).

The PML-N base has been difficult for Shehbaz Sharif to maintain, and it seems more likely that the party's election prospects have been negatively impacted by Nawaz Sharif's exclusion from active politics.

Do these tendencies portend a shift toward a party dominating not just one but multiple upcoming elections? PTI supporters continue to believe that if free and fair elections are conducted soon, a two-thirds majority, if not more, is within their reach.

These expectations have a solid foundation given the success of the by-elections. In the Punjab provincial assembly elections, PTI candidates performed admirably, and Imran Khan easily won virtually every seat he campaigned for.

However, Pakistan's political history teaches us that hegemony by one party or the establishment tends to run its course; occasionally through the pressure of the populace, and occasionally through the military's intervention. 1969 and 2007 are examples of the former, where citizens mobilised to weaken an incumbent regime and pave the way for a new political dispensation; 1977 and 1999 are examples of the latter, where a dominant party was elbowed out under the risk that it would lose power.

One thing about our political environment that has remained mostly consistent is the fact that no single arrangement can reconcile all of society's political divisions.

If there is one thing that is fairly consistent in Pakistan's political landscape, it is the fact that no single arrangement is ever going to be able to hide all of the real political divisions in society. There are several instances of this, but one from recently is the "same-page" rule that was in place from 2018 to 2022.

Opposition parties were kept at away by leadership disqualifications and NAB proceedings, but they continued to matter in local and by-elections throughout this time. Similar to this, the political prospects of the new opposition party have only become more promising despite the PTI's overthrow and the installation of a new "same-page" government.

This is at least a portion of the narrative in several seats, according to a thorough examination of the by-election results in Punjab. The PML- N's vote share has decreased along with the national turnout, while the PTI's vote share has remained stable. This is connected to the "sales pitch" of the parties as well: in light of the challenging economic climate, the government parties have little to offer people, but the opposition parties may pledge better times, self-respect, freedom, etc.

Therefore, a portion of the PML-N and PPP's near future depends on the degree of voter indifference at the next election as well as the challenges the PTI will encounter once it returns to power and performs at whatever level.

However, multiparty rivalry still exists for a different purpose. And it has to do with the real, palpable social divisions that exist in Pakistani society, just like they do in every other country. Can one party encompass all competing interests under one large tent? Can Pakhtuns and Baloch be appropriately represented by the same party in Balochistan? Sindhis and speakers of Urdu? Punjab's rural and urban middle classes? Deobandis and Barelvis in every state?

Does it have enough room to hold all of the constituency politicians, who have built successful careers competing against one another in elections and building small-pocket followings?

Out of resentment for the existing quo, it is possible to temporarily bring a sizable portion of the electorate together around one leader.

Ethnic conflicts may also fade away in some regions of the nation in the not-too-distant future as a more unified national identity takes hold. However, other deeply ingrained divisions between social groups, religious sects, and geographic locations will probably always be significant and will eventually come to pass.

Considering the Indian National Congress, which is the nation's oldest political organization. It helped establish an independent state by energising the Indian populace. After gaining independence, it enjoyed complete administrative authority over the whole state's resources. But within ten years, the communists won a provincial election in Kerala.

This demonstrates that in a nation where elections determine who governs, the PML-N and the PPP's future is unquestionably not dependent on their ability to maintain support from the establishment but rather on their ability to remain relevant, legitimate, and connected within various real social divisions.

If these areas are not successful, there may be room for the emergence of a new party, the repositioning of an existing one, or even a split within the ruling party. However, there will always be room for resistance in the political system.


Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 10 Dec 2023

Pakistani rupee remains largely stable against the US dollar, and other currencies in the open market on Sunday.

Dollar Rate in Pakistan Today

On Sunday, the US dollar was being quoted at 283.4 for buying and 285.95 for selling.

Euro comes down to 307 for buying and 310 for selling. British Pound rate remains unchanged at 358.5 for buying, and 362 for selling.

UAE Dirham AED witnessed slight drop and new rate stands at 77.2 whereas the Saudi Riyal remained stable at 76.

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 283.4 285.95
Euro EUR 307 310
UK Pound Sterling GBP 358.5 362
U.A.E Dirham AED 77.2 78
Saudi Riyal SAR 76 76.8
Australian Dollar AUD 187.2 189
Bahrain Dinar BHD 755.82 763.82
Canadian Dollar CAD 209 211
China Yuan CNY 39.82 40.22
Danish Krone DKK 41.14 41.54
Hong Kong Dollar HKD 36.37 36.72
Indian Rupee INR 3.41 3.52
Japanese Yen JPY 1.39 1.45
Kuwaiti Dinar KWD 922.14 931.14
Malaysian Ringgit MYR 60.82 61.42
New Zealand Dollar NZD 175.33 177.33
Norwegians Krone NOK 26.12 26.42
Omani Riyal OMR 738.71 741.76
Qatari Riyal ‎QAR 78.07 78.77
Singapore Dollar SGD 211 213
Swedish Korona SEK 27.32 27.62
Swiss Franc CHF 324.5 327
Thai Bhat THB 8.08 8.23

Gold price drops in Pakistan; Check out today gold rates here

Gold prices decreased in local markets in line with the trend in the international market.

Gold Rates in Pakistan Today - 10 December 2023

On Sunday, the price of a single tola of 24-karat gold stands at Rs216,300, and 10 grams of 24k gold costs Rs185,450.

Single tola of 22 Karat Gold price costs Rs198,274, 21 karat rate per tola costs Rs189,263 and 18k gold rate is Rs162,225 for each tola.

In the global market, gold prices hovers around $2,004 per ounce, after drop of $23.35 on Sunday.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 216,300 PKR 2,486
Karachi PKR 216,300 PKR 2,486
Islamabad PKR 216,300 PKR 2,486
Peshawar PKR 216,300 PKR 2,486
Quetta PKR 216,300 PKR 2,486
Sialkot PKR 216,300 PKR 2,486
Attock PKR 216,300 PKR 2,486
Gujranwala PKR 216,300 PKR 2,486
Jehlum PKR 216,300 PKR 2,486
Multan PKR 216,300 PKR 2,486
Bahawalpur PKR 216,300 PKR 2,486
Gujrat PKR 216,300 PKR 2,486
Nawabshah PKR 216,300 PKR 2,486
Chakwal PKR 216,300 PKR 2,486
Hyderabad PKR 216,300 PKR 2,486
Nowshehra PKR 216,300 PKR 2,486
Sargodha PKR 216,300 PKR 2,486
Faisalabad PKR 216,300 PKR 2,486
Mirpur PKR 216,300 PKR 2,486


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