The recent parliamentary elections in Pakistan were marked by violence and uncertainty, with terrorist attacks causing over 40 deaths and two candidates being shot. Despite these challenges, the Pakistan Muslim League and the PTI party both claimed victory in the elections. However, the incoming government faces significant challenges, including political uncertainty, economic instability, and a population that is heavily impacted by poverty and inflation.
The country’s foreign exchange reserves have dwindled, and its currency has lost over 50% of its value. To address these issues, the government must negotiate with the IMF for a new payment program and take steps to reduce expenses. Additionally, climate change-related disasters pose a threat to Pakistan’s geopolitical stability as a neighbor to India, Afghanistan, Iran, and China.
China has invested in infrastructure projects in Pakistan, but neighboring countries are also unstable and present security and political challenges. India benefits from Pakistan’s instability while Afghanistan and Iran pose unpredictable threats. Furthermore, Pakistan is vulnerable to climate change-related disasters that could further complicate its already complex situation.
Despite these challenges, about 128 million people cast their votes in the recent elections held in Pakistan with an estimated half of them being under 35 years old. The voter turnout was around 50%, and representatives for the 266-seat parliament were chosen amidst uncertainty surrounding election results due to slow vote count attributed to poor internet connections or information hoarding by authorities. However, despite this pathway to stability remains unclear as Pakistan continues to face significant challenges on various fronts.