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1999-2007 Musharaf's Golden Economy

AZADPAKISTAN2009

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Great Nations always remember their Own loyal Sons and Daughter
Perhaps we will always be left to wonder , where would Pakistan be if Musharaf's term had lasted

1999-2018 instead of 1999-2008
The 10 years which followed him were the darkest days of Pakistan


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Musharraf came to power in 1999 when Nawaz Sharif had almost accomplished the goal of bankrupting Pakistan. What came after was a well remembered time for people like myself , who are not really News paper writers or are influenced by Indian money

One of the most vivid , visions I have of that time period include , massive positivism
Pakistan had just gained Nuclear Bomb and we were the Only Islamic Country with Nuclear weapons and as a Pakistani I was very proud of that achievement. Surprisingly, Musharraf was keen on Economy and it was very visible he was a man who understood the business or making money and selecting people who are best in this role . He himself of course was more interested in the affairs of military.

INFORMATION TECHNOLOGY INCUBATOR
The highlights of Musharraf's Era perhaps include , provisioning the seeds of Information Technology in Pakistan , import of massive computers and distribution channels for IT across the country

a) Every Corporate Company in Pakistan was asked to setup a online Web Presence
b) Every Corporate Company in Pakistan was asked to share their Financials Online
c) Every Corporate Company was asked to have a working IT office so information
can be shared with consumers


REVIVAL OF NATIONAL ASSETS
All of Pakistan's National Assets were given an overhaul , with revival of National Companies
  • Pakistan International Airlines
  • Steeles Mills
  • Railways
All were Profit Making organizations , even when things started with a loss making scenarios

Musharraf believed in getting the best Pakistani Talent across the world and even if it meant paying Western Style Salaries to attract foreign based Pakistanis to return back home to help rebuild a robust Economy

Job Adds went as far as North America , for Jobs in Pakistan's Executive Job level I myself saw these adds myself , but I never was at that career level



Privatization of Pakistan's Banking Sector
Pakistan's Banking sector was privatized , and people who knew how to run a Bank were given the keys to the Banks , so that each Bank became profitable in their own rights

Once the Banks started to function lot of Customer facing Jobs were created Locally in Pakistan which created many Jobs in the Banking Sector

The period also saw , expansion of banks into many bank branches across Pakistan
and that also stimulated Property sale to Banks.



Telecommunication Sector Overhaul
Pakistan's Telephone system of old was very dependent on land lines and anyone born in 80's and 90's would remember how hard it was for people to get a traditional Land Phone line.

All these old Infrastructure problems were solved as Telecommunication companies started to set their base in Pakistan and gradually started to introduce Cell Phones in Pakistan
Cell phones changed lives of Pakistanis greatly and it was a major status symbol across the country to hold a cell phone and talk in it while walking or standing outside

Improved Cell phone infrastructure meant that more people were connected to each other and it was easier to reach out to do business deals

Handling of Abdul Qadeer Khan, Crisis

Musharraf Orchestrated a reasonable conclusion to the Abdul Qadeer Khan's crisis case
protecting both National Interest and handling his well being . New safe guards were introduced to ensure a Safe work environment.

Pakistan distanced itself from the Claim's Mr Khan made and treated the case as a one off interaction between Mr Khan and International country. Since Mr Khan enjoyed a massive popularity in Pakistan , he was kept in house enclosure protected by Armed officers to prevent a repeat of the issue

Freedom of TV and Media
Pakistan as a nation was mainly used to 1-2 TV channels most of the 70's and 90's
and in 90's Dish Antenna had spread across the nation however with Dish Antennas it brought unexpected vulgar shows into Pakistani homes

To counter that Musharraf introduced Privatization of TV channels so that Pakistani Audience can get access to more Pakistani Content , Political Discussions and shows inline with Pakistan's own values. 1999-2007 saw an explosion of TV channels on national cable lines

Growth of Anchors and reporters meant more shows which targeted and exposed corruption and it opened eyes of Pakistani people to possibility of viewing live events unfolding for first time 100% free of any censorship

Standard of Live reporting improved


BARTER TRADE
One exponent which is not talked about which highlights his brilliance is strategic usage of Barter trade to keep our import signatures low.

Pakistan negotiated Open Barter trade with various countries (ASEAN organization based nations) which meant that Pakistan was able to preserve their existing supply of Dollar and
Use the GDP surplus to pay down it's old dept from 80's and 90's

One of the most important achievement of Musharraf's time was a strong Will to Make Large payments on Existing loans he believed that the only way nation can move forward is if a sustained effort is made to reduce the National Debt

I was first introduced to the barter Trade concept during his term.


STRONG TRADE TIES WITH REGIONAL COUNTRIES
Pakistan during this time made efforts to have open trade with all regional countries

a) Afghanistan
b) Nepal
c) Sri Lanka
d) Iran
e) Middle East (Saudia , Qatar, Bahrain, Kuwait)


Also Pakistan benefited with special trade status provided to it from USA during this period which helped Economy in a positive manner


Regional GEO political Game Post 911 events:

  • Strategic decisions were made to align with USA to ensure the war remains out in Afghanistan and did not cross into Pakistan
  • Positive Moves were made to Get F16 Fleet Upgraded and bring Pakistan-USA ties to a full normalization
  • Pakistan's USA stance also meant that Pakistan clearly drew a line against Terrorism which was the biggest defining moment for Pakistan
  • The Military Aid also helped Pakistan to Modernize much of it's forces
a) F16
b) Cobra Fleet
c) Various Advance Ammo for Usage
d) New fleet , MLU of old fleet
e) Navy Ship Acquisition
f) Access to Heavy Armored Personnel Carriers​

  • The only negative element of this decision was towards later half of his term the Terrorist were desperate and caused massive Terrorism inside Pakistani borders which impacted economy
  • Musharaf knew that Terrorist were bad guys and he made 100% right decision

However 99.9% of Musharraf's Decisions during war of terror were 100% Correct



FREEDOM OF GWADAR CORRIDOR

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  • Gwadar would not possible before Anti Pakistan Elements were neutralized
  • Musharraf launch massive campaign to clean up Baluchistan from Anti Pakistan elements and this ensured that Gwadar project can get launched
  • People first started to hear about this region of Pakistan called Gwadar , which was suppose to be the next Dubai and every one suggesting others to buy property in that place as early as 2004-2005
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Various water canal projects and dam projects were completed in Baluchistan during Musharraf's time to show the Baluchistan residents that Pakistan was serious about developing Gwadar


LAUNCH OF NADARA
  • Launch of the now common NADRA Card system and Bio-metric system first started with simple card registration for People of Pakistan's Citizenship
  • The launch of the card system was first attempt by Government of Pakistan to register all Pakistanis with a futuristic system
  • Passport services were improved nationally and also in international offices
Expansion of Dubai Style Property Management Companies in Pakistan

  • Musharraf's government also was able to attract investment in developing the coastal cities of Pakistan with property projects
  • Many banks from middle east first expanded into Pakistan , with opening branches and later some real estate companies also showed interest to own Property in Pakistan

One of the most ambitious projects which was discussed in his time was the crescent Bay
project however this particular project got stalled after Musharaf's time
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Maintaining the value of Pakistan's rupee steady

HE REVERSED THE RUPEE DEVALUATION!!!

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Musharaf's Signiture mark on Pakistan's Defence

Musharraf reviewing the JF17 Thunder
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Credited with fast tracking Saab Awacs purchase
Saab+2000+Airborne+Early+Warning+and+Control+Aircraft+erieye+aewc+awacs+pakistan+air+force+paf+jf-17+thunder+f-16+fighter+jet+fc20+j10+radar+coverage+340+1000ooddd.jpg



Job creation in Government Jobs Sector

  • With launch of NADRA initiatives jobs were created in Private sector because offices needed people to verify data & provide services to Citizens of Pakistan

Diplomacy
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An often overlooked aspect for Musharraf is the positive push he made to move Indian-Pakistan relations in a normal direction. He started with Kargil but due to being a man of vision he was able to sit down with India and Discuss peace for future

Diplomacy creates business opportunity , yes Pakistan bought defensive weapons under him but at same time his success was also due to a growing Pakistan-India ties at that time

Which eventually soured for worse , after a unknown entity based attack on Indian side

The moves were beneficial for Pakistan-India on a mutual level


So on one hard his life was threatened by Terrorist , their was WOT in Afghanistan , lot of pressure and India around on east side yet

Musharraf was solid as Rock , forging peaceful ties with all regional countries even India
To me at least that is a sign of a Genius of Man

  • He fixed our economy
  • He fixed our companies
  • He put our IT in right direction
  • He started investment in real estate sector
  • He improved our ties with all regional countries

Thank you General Sahib
The-Great-Leader-of-Pakistan-Gen.-Pervez-Musharraf.jpg


Pay your tributes to hero when he walks among us
https://www.facebook.com/pervezmusharraf/
 
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Great Nations always remember their Own loyal Sons and Daughter

16706-mush-1364625706-852-640x480.jpg



Musharraf came to power in 1999 when Nawaz Sharif had almost accomplished the goal of bankrupting Pakistan. What came after was a well remembered time for people like myself , who are not really News paper writers or are influenced by Indian money

One of the most vivid , visions I have of that time period include , massive positivism
Pakistan had just gained Nuclear Bomb and we were the Only Islamic Country with Nuclear weapons and as a Pakistani I was very proud of that achievement. Surprisingly, Musharaf was keen on Economy and it was very visible he was a man who understood the business or making money and selecting people who are best in this role . He himself of course was more interested in the affairs of military.

The highlights of Mushraf's Era perhaps include , provisioning the seeds of Information Technology in Pakistan , import of massive computers and distribution channels for IT across the country

Of course there is no mention of all the debt rescheduling that happened after 2001
 
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"GOLDEN ECONOMY " AHAAAAA nah this low life had so much chance to make Pakistan functional but failed he made compromises just like every Pakistani leader before him
Wrong it wasnt happiest time nor the worst
It can be divided in three parts
1. Economic crisis of 1998-2001 same as we are facing now exactly due to same policies of nawaz sharif
2. 2002-2006 historical high growth due to very high foreign investment in Pakistan history and proper use of gas surplus and increase on productivity in cotton and global trade
3. 2007-08 judicial intervention, populist behavior during (-07-08)oil crisis as well as terroism

Per USA offical data the amount of aid dispersed was highest in PPPP era (csf+klb) followed by nawaz and than mushi era

In short he suceed in economy front but failed everywhere else
 
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Wrong it wasnt happiest time nor the worst
It can be divided in three parts
1. Economic crisis of 1998-2001 same as we are facing now exactly due to same policies of nawaz sharif
2. 2002-2006 historical high growth due to very high foreign investment in Pakistan history and proper use of gas surplus and increase on productivity in cotton and global trade
3. 2007-08 judicial intervention, populist behavior during (-07-08)oil crisis as well as terroism

Per USA offical data the amount of aid dispersed was highest in PPPP era (csf+klb) followed by nawaz and than mushi era

In short he suceed in economy front but failed everywhere else

All of course short term lived its always like that we get short term growth but then geo politics and internal politics of Pak screws it up always
 
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Artificial economy with the help of World Bank and IMF since he was Pro US and could do anything for them, Jewish Lobby asked IMF to cooperate as much as it can. Therefore $ was totally stable. In result, we sold Pakistan to Blackwater, CIA and SOG.
 
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Artificial economy with the help of World Bank and IMF since he was Pro US and could do anything for them, Jewish Lobby asked IMF to cooperate as much as it can. Therefore $ was totally stable. In result, we sold Pakistan to Blackwater, CIA and SOG.
Care to explain what's artficial? Debt decreased from 88% to 45% so where did that money go?
Unless you suggest mushi was shitting gold?
Do you think CIA build up that Money as congress didnt gave Pakistan more moneu neither did WB(which usa owns just 16%)

Is USA economy artificial too?
Japan growth artificial ?
Doubling of exports was artificial ?

Nothing is artificial even PMLN growth isnt artificial its only disproportionate service and infrastructure led and debt driven ...we all would have prasing PMLN had they achieved same growth with fiscal deficit of 4% and low foreing lending
 
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A fake prop based upon key expenditures propped up by aid and loosening of loans by banks.

A true “golden economy” would have relieved actual debt, removed corruption and focused on true infrastructure instead of merchandise imports and consumerism.
 
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how does one get this through the gobber filled brain of a poojari of haram tubbar!
PMLN formula is very easy and tested in many areas...
Spend alot on infrastructure and services to give jobs and growth get that money via loans and printing money especially in last year..so next govt collapses

Its like man who is dying takes alot of loans and let him and his family enjoys when he dies his next head of family is blamed for poor situation

A fake prop based upon key expenditures propped up by aid and loosening of loans by banks.

A true “golden economy” would have relieved actual debt, removed corruption and focused on true infrastructure instead of merchandise imports and consumerism.
Sir look up
  1. DEBT TO GDP RATIO
  2. exports
  3. Foreign investment
  4. Fiscal deficit
  5. Savings and investment
Surely it wont take more than couple of minutes

Facts dont support your conclusion

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I am not saying its golden era the loses we suffered from his political decisions following decades outways his development and debt management
 
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Wrong it wasnt happiest time nor the worst
It can be divided in three parts
1. Economic crisis of 1998-2001 same as we are facing now exactly due to same policies of nawaz sharif
..........................

There was crisis started from 12 October 1999 because the daddy US was angry with Mushi making a coup, I remember it like yesterday because I was an adult at that time, 1999 mushi coup sent pakistan 10 years behind because western countries particularly US was not happy with the coup and they wanted to make the life hell for mushi and his gang. I remember how mushis was begging bill clinton in 2000 to have a small meeting with him when bill clinton made an official visit to india that year. Bill clinton did come to pakistan for few hours after constant begging from mushi regime but left on the same day and this was the first time in decades that a pakistani ruler was officially humiliated by US, there was no such precedent before that in entire history of pakistan before 1999.

Then this Mr. know it all Mushi imported the shorcut aziz and I remember he wanted to collect sales tax and wanted to have documented economy in the trade shop sectors. And there was a month long strike and closure of shops all over the pakistan including my city Gujranwala, I remember our bazars were closed for a whole one month during that time which I had never witnessed ever in my life before. Finally the midget shortcut aziz/mushi backtracked and the bazaars opened.

Then the "strongman" of kargil was begging wajpai to meet him and humiliating the top post of pakistan at that time, the same guy who was waging "jahad" a year ago in 1999 againt india in kargil was begging for "peace" and "ceasing" the support of armed struggle in kashmir. What a great character this midget showed in just less than two years after great "kargil" fiasco.

Then Musharraf got his lottery of life when 9/11 happened in 2001 and certainly the angry daddy US wanted to have "help" from him for its war on terror in neighboring in Afghanistan. Mushi must have said to himself "meri to sali duniya hi badal gayi rato raat". Economic aid from US and its allies started pouring in, debt was rescheduled and relaxed and american/british/NATO officials were coming day in day out, pakistan literally became like a colony of US after that and the aftermath of that is what we are facing till today in terms of terrorism and attacks that take place regularly on our soil, there was one even today in balochistan gawadar, this is all the "great" legacy of mushi.
 
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PMLN formula is very easy and tested in many areas...
Spend alot on infrastructure and services to give jobs and growth get that money via loans and printing money especially in last year..so next govt collapses

Its like man who is dying takes alot of loans and let him and his family enjoys when he dies his next head of family is blamed for poor situation


Sir look up
  1. DEBT TO GDP RATIO
  2. exports
  3. Foreign investment
  4. Fiscal deficit
  5. Savings and investment
Surely it wont take more than couple of minutes

Facts dont support your conclusion

----
I am not saying its golden era the loses we suffered from his political decisions following decades outways his development and debt management
1. All artificial due to the economic prop up by AID. Not to mention some stock market manipulation which had some very shady investors from abroad make millions.
2. Preferential treatment due to WoT - which were dying down at the end of his tenure due to poor infrastructure for textile and industries.
3. Where did it go?
4.due to 1.
5. All due to 1.
 
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There was crisis started from 12 October 1999 because the daddy US was angry with Mushi making a coup, I remember it like yesterday because I was an adult at that time, 1999 mushi coup sent pakistan 10 years behind because western countries particularly US was not happy with the coup and they wanted to make the life hell for mushi and his gang. I remember how mushis was begging bill clinton in 2000 to have a small meeting with him when bill clinton made an official visit to india that year. Bill clinton did come to pakistan for few hours after constant begging from mushi regime but left on the same day and this was the first time in decades that a pakistani ruler was officially humiliated by US, there was no such precedent before that in entire history of pakistan before 1999.

Then this Mr. know it all Mushi imported the shorcut aziz and I remember he wanted to collect sales tax and wanted to have documented economy in the trade shop sectors. And there was a month long strike and closure of shops all over the pakistan including my city Gujranwala, I remember our bazars were closed for a whole one month during that time which I had never witnessed ever in my life before. Finally the midget shortcut aziz/mushi backtracked and the bazaars opened.

Then the "strongman" of kargil was begging wajpai to meet him and humiliating the top post of pakistan at that time, the same guy who was waging "jahad" a year ago in 1999 againt india in kargil was begging for "peace" and "ceasing" the support of armed struggle in kashmir. What a great character this midget showed in just less than two years after great "kargil" fiasco.
Did Daddy angry down your reserves too -500m, defauling while building motorways .daddy angry bhanana doesnt work everytime

1. All artificial due to the economic prop up by AID. Not to mention some stock market manipulation which had some very shady investors from abroad make millions.
2. Preferential treatment due to WoT - which were dying down at the end of his tenure due to poor infrastructure for textile and industries.
3. Where did it go?
4.due to 1.
5. All due to 1.
Wow
I am surprised with such educated person logic and lack of understanding of statistics.

I mean what the hell does saving and investment have to do with foreign aid?
You didnt even bother to understand what i quoted let alone looking it up!
 
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there are not that many lobotomized monkeys in real-life, it is just the internet that gives the impression that there are.

had there been any on the ground they would have whisked him away on his return from abroad, or on they day when he returned to jail with a "crowed" which was supposed to start a revolution. 4 x failed to start a revolution/civil war

the supporter of the mian is as lazy as their leader. they are the kind that talk about their mian mainly because they are not young anymore. Nor do they wish to be caught out defending their mian either as most people are fed up. But give them the opportunity their self imposed slavery causes them to do what they do best and that is be a minstrel for their mian. the mian is almost a deity to them. almost
 
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An era of terrorism...Hundred of daily deaths..Pro-US government with aid and IMF money flows....leaving highest CAD with no increase in infrastructure and other basic utilities..All in all a traitor...Starting from Kargil debacle to hand over Afghanistan in a plate to the enemies...
 
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