A recent trip to Pakistan gave me reasons for hope as well as despair. Pakistan still has what it takes to succeed, as is evident from the vitality of its black economy. But governance will fail without leadership, revenue generation and internal security. Progress is evident on the third front, but not the first two. Pakistan is still suffering from the effects of dynastic politics and military rule. The latter isn’t in the cards; the former has been shaken up by Imran Khan, the most popular politician in the country who, so far, shows little evidence of being able to govern effectively.
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