Bringing back Fmr. PM Shaukat Aziz?

[A1Kaid]

The man who helped bring about that 8.4 GDP growth rate is Fmr. PM. Shaukhat Aziz. His economic policy was productive, Gwadar, promoted Pakistan as a place for investment, growth in FDI, expanding tax net, low rate mortgage (construction boom), increae funding for education, improvements in banking and availability of capital, etc.

I give a lot of "credit" to PM Shaukhat Aziz, pun intended.


Haq's Musings: Shaukat Aziz's Economic Legacy

Good analysis of S. Aziz.

I am thinking this would be a good decision.


Please Pakistani votes only poll is for Pakistani audience.

 

[Karachiite]

He was the best Prime Minister since Ibrahim Ismail Chundrigar.

 

[W.11]

finance minister!!

 

[A1Kaid]

If I recall correctly he is former CPO of Citigroup and former Manager Director of Citibank Singapore. The man is our Milton Friedman.

 

[53fd]

He was a very very good FM.

 

[rohailmalhi]

I think u people forgot he was the one selling Pakistan Steel Mills to Mittel Steel which was stopped by Supreme court.

He was one who ran away from this country the very moment he was off the seat.

He created 8.4 GDP which was all fake economy , he knows who to play with numbers so he did .Faking everything.

U can feel the heat of those faking now , like no electricity e.t.c

I will say bring him back take all what he got from Pakistan and send him back to loot the foriegn countries.

I really wish that if people like these act for Pakistan then we would truly have been a power in our region.But alas we are not because some son of the land thinks that selling there mother for money is justified.

i will vote a BIG NO to this man.

 

[A1Kaid]

I agree with the notion that privatizing sensitive industries and companies is wrong.

How did he create a "fake economy"

Rohail you need to support your arguments with sources and reasons not just accusations. Explain how...

 

[unicorn]

He was a very very good PM.

If he is really a very very good PM than why did he flew from Pakistan and never turn back?

 

[Luftwaffe]

Why should we import PM (with a tag on his arse made in USA) from outside, Where is he while Pakistan is rottin.g, to which Party does he belong he has no support from any Party. You people are ignoring the fact, I posted in Economy Section the worst time from 2006-2008 Pakistan was back to 0.

 

[A1Kaid]

Why should we import PM (with a tag on his arse made in USA) from outside, Where is he while Pakistan is rottin.g, to which Party does he belong he has no support from any Party. You people are ignoring the fact, I posted in Economy Section the worst time from 2006-2008 Pakistan was back to 0.

Well mate that's why I started this thread so we can discuss this, share pros and cons.

 

[W.11]

Why should we import PM (with a tag on his arse made in USA) from outside, Where is he while Pakistan is rottin.g, to which Party does he belong he has no support from any Party. You people are ignoring the fact, I posted in Economy Section the worst time from 2006-2008 Pakistan was back to 0.

well brother if economically 2006-2008 was the worst than what is it now??

ou cant blame every thing on shauqat, he was not a corrupt man, all corrupt were sitting in the parliment, he is very educated and a perfect person to deal with economics of the country

just like today zardari has installed all irrelevent people in the minitry like 2 class pass as defence minister or interior minister

shauqat cant be termed as incompetent as some people might because he is the best guy to handle our economics

 

[Karachiite]

Pakistan's per capita was around $400 before Musharraf came, it was during Shaukat Aziz's tenure that the per capita crossed the $1000 mark.
In 1999 he took charge as Finance Minister when Pak's economy was in shambles. Few years later Pakistan was being touted as the next "big economy".
KSE became the best performing stock exchange in 2002. Foreign investment reached a new high under Aziz. Poverty lessened more then half. Telecom industry became huge under him.
These are facts not something I just pulled out of my ***.

His achievements outweigh any other recent PM's.

 

[A1Kaid]

It did cross the $1,000 mark if I remember correctly it went over $1,200 I just remember seeing that figure.

 

[Luftwaffe]

well brother if economically 2006-2008 was the worst than what is it now??

ou cant blame every thing on shauqat, he was not a corrupt man, all corrupt were sitting in the parliment, he is very educated and a perfect person to deal with economics of the country

just like today zardari has installed all irrelevent people in the minitry like 2 class pass as defence minister or interior minister

shauqat cant be termed as incompetent as some people might because he is the best guy to handle our economics

So you want to replace corrupts with another corrupt, the economy will stay the same, there was no miracle in musharraf-pml-q era, I am still looking for my darn post its somewhere in economy section so i can list you the failures of the previous government. By the way shaukat aziz is just a general banker not economic specialist saint.

Here is musharraf era lead by mushy and aziz no thankyou we don't want suckers:

Musharraf’s regime broke all records in borrowing and pushed the country into a debt trap, well now that has been equally over taken by PPP. State Bank reports showed the government had borrowed a staggering amount of over $15 billion in the four years to 2006, as the country’s total debt and liabilities reached $40 billion by 2007. Such debt apart from additional borrowing was also composed of rescheduled debt as the Musharraf government continued borrowing to fund basic government duties and the inability to generate sufficient wealth from the domestic economy. Such amounts of debt never existed in the history of Pakistan. By the end of 2004, the total external debt was $33 billion. If the government had stopped borrowing as it claimed, the country’s total debt would have declined to $23 billion, based upon Pakistan’s regular yearly payments by the end of June 2007.

With the absence of basic industry in Pakistan, imports became critical and continued to rise. Due to this Pakistan faced an all time high trade deficit. Pakistan borrowed over $3 billion during 2006-2007. The figures reveal that the huge borrowing was made to pay debt and continuous current account deficits. This is because the Pakistani government had been unable to provide for the basic needs of the country, and was forced to import more and more from abroad, to the point where exports were exceeded and this resulted in a trade deficit. Average annual payment of debt servicing reached $3.3 billion in 2007. The current account deficit for the fiscal year ending on June 30, 2007 had increased by 41% reaching $7 billion. Instead of reducing dependency on imports by building a strong domestic industrial base and refining abundant local raw materials the Musharraf government relied on unreliable sources like foreign direct investment (FDI) and privatization to meet the gap.

This clearly shows the Musharraf regime’s lack of vision failed to develop the foundations of a productive economy. During Musharraf’s tenure the Pakistan economy became reliant upon the service sector, real estate, and the stock market. The real productive sectors of the economy, both industry and agriculture, were ignored. The infrastructure in Pakistan was not upgraded and as a result the country today faces a serious energy crisis. The social sectors continued to be neglected with expenditure for education and health sectors much lower than those of previous governments.

 

[moha199]

All credit goes to Musharraf who had this team setup for Pakistan. without Musharraf SA had no leadership qualities. But he is a very well economist. He laid ground for economy growth and Musharraf facilitated what was needed to achieve it. It's funny how people are giving credit to the team which was picked only by Musharraf. yet Musharraf is the bad guy. other day i was watching PJ mir program and chaudray was on it and he was praising himself along with jahil public but it's sad that how biased our nation is. When good is directed it is directed to none creditors and when bad is directed it is to Musharraf only. indeed american senator was right to say that Pakistan is a nation which is committed to destroy herself from every side. a nation working hard to destroy herself i'm not proud on her words but her words are reality

I am thinking this would be a good decision.


Please Pakistani votes only poll is for Pakistani audience.