Pakistans capital market, though, managed somewhat positive trend during week ending Friday last staying apparently indifferent to tensions between the Government and apex judiciary, saner players were worrisome about its negative impact on trade. If not directly, the lack of political stability and frictions amongst the representative institutions of the state rather than coherent functioning were bound to hit the market indirectly. Overall investment activity was already standstill in the wake of the alleged corruption and judiciarys overreaction in its defence or perhaps in exercise of its independence. Since judiciarys independence happens to be in its infancy after it was won through a massive movement in the country led by the lawyers, its overreaction is quite understandable as one of the apex courts judges himself observed that they were caught out of naivety last time (on November 3, 2007). People on the streets and also in the power corridors were alike of the view that the Governments bid to divide the lawyers in the first place remained more or less successful in the background of current tensions. Still it could not succeed in stalling a section of lawyers that could speak against the apex judiciary despite the dirty precedence of bar and bench skirmish in Lahore even at the level of high courts. Insiders believe that the Government deliberately leaked this contemplation on its part to de-notify judges restoration, in order to gauge reaction and temperature of the incumbent judiciary. The reaction of apex courts judges to this rumour, news, or even the deliberate leak was so promptly strong and above all in unity that came out to be a sufficient warning to the Government against any such adventurism. According to the insiders, the proponent of this idea to underline withdrawal as an option had told the PPP top lot that the judges falling outside the purview of that last year notification would not react like this. But the apex courts reaction in unity actually surprised the Government, they added. On the other hand occurrence of last Thursday night events have cost the Government a lot, as it has appeared overtly placed against the judges belying its own claims and pronouncements of adherence to the independence of judiciary. It is now written on the wall that the PPP Government and the apex judiciary were at loggerheads because of the Supreme Courts verdicts upsetting especially the top lot of party. This tug-of-war between the two prime institutions of the state (the executive and judiciary) was typical of Pakistani politics evident from the recent past, the making and breaking of the governments in last couple of decades or so. With this tainted political scenario certainly marring the chances of recovery in already fragile and the flood-hit economy of the country, the short-term investors in the bourses preferred to stay on sidelines with a policy of wait and see. Unfortunately, the countrys major investors and business people were already on cautious approach ever since this Government took over in March 2008. According to a seasoned property dealer there was hardly any business in the real estate sector since later half of the 2006 when the market reached a glut in terms of price hike. The following 2007 was caught by internal economic meltdown as the bubble of former regimes consumption economy had to burst. Following 2008 the killing of former Prime Minister Benazir Bhutto on December 27, 2007, and global financial crisis hit hard the economy. And this was the beginning of the PPP regime that kept on changing Finance Ministers since then creating more difficulties for economic management. Now this latest drama of clash between constitutional institutions would not only mar the economic recovery but also derail the mega task of post-floods reconstruction and rehabilitation.