Ok I know I'll get some flack for this, but Musharraf era economics is exactly why we find ourselves where we do. Shaukat Aziz the supply and consumption side banker from North America thought he was in the US, where you can run massive deficits and still manage inflation due to the strength of the prevailing currency. Shaukat Aziz put Pakistan done a huge consumption and consumer binge. This resulted in a consumer driven growth of GDP, not a manufacturing based growth. Without a strong currency back-stopped it was invariably going to crash into massive deficits and inflation. So before we give Musharraf credit for some economic miracle (such as Debt to GDP ratio), keep in mind GDP was inflated through consumer spending. Basically free credit. Once that stopped the deficits run through those years started piling and the rest is history. Here is a perfect example of this: The only one trying to reverse this trend is IK and PTI.