Pakistan elects businessman Mamnoon Hussain president

imagesPakistan on Tuesday elected businessman Mamnoon Hussain as its 12th president, replacing the unpopular Asif Ali Zardari, whose five-year term expires in September.

Lawmakers from both houses of the national parliament and four provincial assemblies voted Hussain into the ceremonial post in a move that will cement the authority of Prime Minister Nawaz Sharif.

Hussain secured 432 votes and his only rival Wajihuddin Ahmed 77, Fakhruddin Ebrahim, head of the election commission, announced live on television.

“As a result Mamnoon Hussain is declared… President of Pakistan,” he added.

The election completes a historic transition of power in Pakistan.

Sharif in May won a commanding victory in a general election, which marked the first time a Pakistani civilian government had completed a full term in office and handed over to another at the ballot box.

Constitutional amendments passed by Zardari’s government mean that the presidency is again a ceremonial post, a status likely to be cemented by the fact that Hussain has little personal clout.

Hussain, who comes from the financial capital Karachi, gives the southern province Sindh at least a token stake in the central government otherwise dominated by Sharif’s Punjab powerbase.

His background in textiles and as an ex-president of the Karachi Chamber of Commerce and Industry also reflects the government’s number one task of reviving the stagnant economy.

Other analysts stress that his status as a long-serving but low-profile member of Sharif’s ruling Pakistan Muslim League-N (PML-N) party makes him totally dependent on the prime minister.

In a sharp reminder of the country’s instability, the election took place hours after dozens of Taliban militants stormed a prison in the northwest, escaping with more than 240 inmates.

Hussain will formally preside over a government that must solve a debilitating power crisis, and preserve a US alliance complicated by drone attacks and the US withdrawal from Afghanistan.

The soft spoken 73-year-old with a quiet smile had been certain to win.

Zardari’s opposition Pakistan People’s Party lost heavily in the May election and boycotted Tuesday’s ballot, complaining that the vote was brought forward from August 6.

The only other candidate, retired judge Ahmed, was nominated by the Pakistan Tehreek-e-Insaf, the third largest party in parliament and led by cricket hero Imran Khan.

Hussain’s low profile is expected to provide a stark contrast to Zardari, considered a sharp political operator behind the scenes.

Born in India before partition of the subcontinent, he and his family migrated to Karachi, along with hundreds of thousands of other Muslims from across the border.

He briefly served as governor of the southern province of Sindh, of which Karachi is the capital, under Sharif’s last premiership in 1999.

On the eve of the election, Hussain told PML-N supporters in the capital Islamabad that the presidency was a symbol of the federation of Pakistan, and vowed to serve the country and its people.

“He had no political affiliation until 1999 but his polite discourse and professional ability impressed Nawaz Sharif, who made him governor of Sindh,” said Azhar Haroon, current president of the Karachi Chamber of Commerce and Industry.





Source : Channel News Asia | July 30, 2013


About thomasdinnocenzi

Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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