That he chose to overrule the prevailing pessimism in New Delhi and explore a forward-looking agenda with Zardari underlines the huge political investment the PM has made in transforming the relationship with Pakistan, as also the self-confidence that he may yet succeed over the remaining few months of his tenure. On the face of it, the joint statement issued after the meeting between the two leaders addresses most of India’s concerns. The joint anti-terror mechanism is expected to meet shortly to discuss the Kabul attack. Senior military officers have been asked to stay in regular contact to stabilise the ceasefire. In return for Pakistan’s promise to create an environment conducive to the peace process, India has reaffirmed its determination to find a mutually satisfactory settlement on J&K. In the interim, the two sides unveiled a new set of valuable confidence-building measures. These include the launch of trade across the line of control in J&K as well as the international border dividing the two Punjabs and between Rajasthan and Sindh.

Question marks, however, will remain on Zardari’s political longevity amidst a deepening domestic crisis and his ability to deliver on cross-border terrorism and normalise relations with India in the face of entrenched opposition from the army and the ISI. Having presided over the best four years in India-Pakistan relations, the PM has given Pakistan’s democratic leaders the benefit of the doubt. By taking a calculated risk, as on the Indo-US nuclear deal, the PM has a chance, slim though it might be, to alter the internal dynamics in Pakistan and rewrite the course of bilateral relations. A do-nothing policy amidst Pakistan’s internal convulsions would have been too timid. The nation hopes the PM’s bold gamble will pay off, but will keep its fingers firmly crossed.