Meengla
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Is there any possibility of PPP revival in Pakistan in the foreseeable future? After Benazir's death, under Zardari's thorough pragmatism leadership, the PPP has degenerated from a Pakistani national party with almost the same strength as PMLN to an influential party only in rural areas of Sindh province. Zardari was an unprincipled trader without any ideological charisma, which led to the complete decline of PPP. The two major political parties currently competing in Pakistan, PMLN and PTI, are both conservative right-wing parties. They have a compromise, concession, and negotiation attitude towards religious forces and the Taliban, and they are not progressive secular parties. Pakistan now has only two right-wing political parties competing, but there is no "left-wing party" with comparable strength, and there is no secular and progressive party that clearly opposes religious conservative forces and the Taliban. This is very unhealthy. If the PPP can never be revived, is it possible for Pakistan to produce a new strong leftist party?
Anything is possible. PPP's revival in immediate future is not likely but that party HAS gained some of the lost ground in Punjab in few years. About the downfall PPP: It was/is a dynastic party and with Benazir's death, the heir was removed. People don't look at Bilawal 'Bhutto' Zardari as a political heir to ZAB. But PPP's fall had a lot to do with ten years of Zia's rule plus more urbanization in Pakistan. Any party can be cut to size in Pakistan! PTI fanbois have been putting too much faith in Imran's personality popularity--it doesn't work like that in Pakistan! Imran will have to wait at least next few years.
Also, the way PMLN and PTI are at each other's throat for Punjab vote bank, PPP's chances after 5-10 years can't be ruled out after its rivals discredit each other. Remember that as late as 2007/8, PPP got enough seats in Punjab to form its own govt. Part of that was the Establishment didn't want the alienation in Sindhis to go too far after Benazir death; part was a bit of 'sympathy wave' in Punjab. All Pakistani politicians/Establishment people implicitly and wisely allowed PPP to come back to power.
As for Right Wing/Left Wing-- your perception is correct that PPP is slightly to the left: The party had never been apologetic about challenging the religious nuts like the Talibans, Al Qaida or the Lal Masjid goons. But I don't think either PTI or PMLN are Right Wing enough to embrace the likes of Taliban or TLP.