The threat from ISIS-K is real and growing. A resurgence in Pakistan would have serious implications for the broader region, including India. The danger is compounded if Pakistan once again attempts to clandestinely redirect ISIS-K towards Kashmir. What may appear as an isolated terror incident is, in fact, part of a wider pattern that demands sustained vigilance. Pakistan’s internal security instability risks creating openings for cross-border terror movements, potentially hardening new militant modules aimed at India and beyond.

The optimistic view is that the “Twin Election” will force a compromise. The referendum provides a mandate for reform that even a BNP government cannot ignore. The “July Charter”, if ratified, creates checks on executive power that did not exist before. The students, even if they end up on the opposition benches, will form a moral pressure group that cannot be easily crushed. The cynical view is that Bangladesh is merely swapping a monopoly for a duopoly, or worse, a monopoly of a different colour.

All signs point to a BNP victory. In a competitive contest without the Awami League, the BNP’s organisational depth and electoral reach make it the frontrunner. Yet victory alone may not translate into authority. The absence of the Awami League, the continued influence of Sheikh Hasina from exile, the rise of Islamist alternatives, and the central role of unelected institutions mean that any new government will inherit a fractured polity. The 2026 election may revive the BNP’s fortunes, but it will not by itself heal Bangladesh’s democratic wounds.