Economy skyrocketed during Musharraf era

[A1Kaid]

better use GDP percapita in your analysis. Historically GDP growth has been high in military regimes however, merely the growth itself doesn't define the whole picture. I am yet to see a good research on the political and economic dynamics of Pakistan under dictation ship regimes.

The per capita income increase from year 1998 to 2008 was $527.51, using the same data from Google source World Bank. Meaning the average Pakistani became $527.51 US dollars richer during Musharraf's rule, which is very significant. In 1998 the per capita income was $451.29 10 years forward in 2008 the per capita income was $978.80. In other words during Musharraf's rule Per Capita Income more than doubled!


Per Capita Income in 1998: $451.29

-10 years forward- Per Capita Income is more than doubled

Musharraf, 2008: $978.90

 

[Mav3rick]

What source are you guys using? A Blog?
Where are the hundreds of industries he put? Did they just shut off overnight after 2008?
You sound more like someone whose tail somebody had stepped on instead of arguing the points one by one.

Not overnight, it took a while. Some survived 2, others 2 years before consistent power/gas load shedding, uncontrolled inflation and massive gap b/w purchasing power of the common man and the production cost of goods drew them either out of business completely or to Bangladesh/Indonesia etc.

P.S. a well written, well compiled blog consisting of factual figures is ...... immensely helpful.

 

[Mav3rick]

Of course it is a valid question. Gen Musharraf benefited from the sudden influx of billions upon billions of dollars from USA after he caved into their demands. That kept the exchange rate at nearly 60 to the dollar as part of a behind-the-scenes arrangement. This allowed him to hide what was really going on, including the criminal neglect of the power sector during his reign.

You mean the power sector that, despite being severely neglected in the past 5-6 years, can still produce surplus energy???? How does one explain that to some one as ignorant as you?

And the influx of Billions of dollars was severely offset by the massive earth quake, rebuilding and rehabilitation during it's influx! Not just that, the investment on our side in WoT was a major burden and yet we continued to grow every industry including the defense industry!!!!

Go figure, how all that was accomplished by 'behind the scene' management.

 

[A1Kaid]

You mean the power sector that, despite being severely neglected in the past 5-6 years, can still produce surplus energy???? How does one explain that to some one as ignorant as you?

And the influx of Billions of dollars was severely offset by the massive earth quake, rebuilding and rehabilitation during it's influx! Not just that, the investment on our side in WoT was a major burden and yet we continued to grow every industry including the defense industry!!!!

Go figure, how all that was accomplished by 'behind the scene' management.

You mean the power sector that, despite being severely neglected in the past 5-6 years, can still produce surplus energy???? How does one explain that to some one as ignorant as you?

Thanks for raising that point, that's what I'm trying to tell these guys. You can't expect to produce a surplus or "sustainable economic growth" when a sector is then left neglected either before or after sustainable economic growth is achieved, sustainable economic growth does not have an automatic function, it has to be supported with good management and funding.

After Zardari's government ruled economic progress was stifled so for people to conclude Musharraf left no "sustainable economic growth" after his Presidency is just illogical, the Zardari government stifled the sustainable economic growth. Lack of subsidies for domestic companies, bad management of banking sector, failure to launch mega projects--increase employment, improve structure, civil services, failure to increase the tax net--which Shaukat Aziz was very keen on doing, etc.


Musharraf had laid down the rail roads and set the train on go, Zardari came the trains stopped and the rail roads rusted, at least not all of them.

 

[Jade]

No its not, it's a public document at Google Docs, something that can be saved and shared by anyone, including you or me.

The dataset comes from the world bank data. Please again check the source at the bottom of the graph.
@A1Kaid, Now don't tell me you believe Bloomberg instead of World Bank. The data from World Bank is "the data" that people use for all purpose including commercial and not for profit.

 

[Mav3rick]

The dataset comes from the world bank data. Please again check the source at the bottom of the graph.
@A1Kaid, Now don't tell me you believe Bloomberg instead of World Bank. The data from World Bank is "the data" that people use for all purpose including commercial and not for profit.

I had checked the alleged source which takes me to the WB Official page instead of the statistics where these figures were mapped into a graphical representation. So again, any xyz like your or me can post this data and allege any source.

 

[Argus Panoptes]

.....................

At the end of the day, all articles point to non-sustainable and consumer based growth spurred by US Aid and not so much by well thought out financial policies. Those helped, but they were no miracle.

That summary about Gen Musharraf's years is correct, and what I posted earlier. In addition to the magazine articles quoted, all macroeconomic indicators continued to decline despite the progress claimed.

The interesting fact is that all our governments are guilty of this. First they claim they inherit a khaali khazana. Then come the repeated good news about great recovery of trade, industry and foreign exchange. Then reality catches up and inflation rises, everybody gets poorer (except a select few) and then some disaster changes the government (the recent election was the sole exception).

Gen Musharraf's reign was the same followed by PPP's, which was the same. Except the election. PMLN's time will be no different.

====================

That money didn't do much for the economy itself, you can't explain a $100 billion increases in aggregate GDP with the $10 billion in US aid during Musharraf's era, half of that "aid" was actually reimbursement money given to Pakistan for services Pakistan provided to NATO in transport of military hardware etc.


Again your accusation and premise is ignorant and invalid I won't bother with it.





You're a clown, enough said. I told you do not drag in politics, this is strictly a thread of Musharraf's administration from an economic standpoint.

Name calling is unnecessary for any member, and shameful for a JrTT. Shall we debate the topic please?

 

[Jade]

I had checked the alleged source which takes me to the WB Official page instead of the statistics where these figures were mapped into a graphical representation. So again, any xyz like your or me can post this data and allege any source.

Really, so why not create your own chart with your 'own' data using Google Public data explorer and allege that to world bank. Then you can post the link here to enlighten us

 

[A1Kaid]

Really, so why not create your own chart with your 'own' data using Google Public data explorer and allege that to world bank. Then you can post the link here to enlighten us

He's right that data claims the source as World Bank but that's not the case, the figures are incorrect for GDP growth rate.

 

[Mav3rick]

Really, so why not create your own chart with your 'own' data using Google Public data explorer and allege that to world bank. Then you can post the link here to enlighten us

I honestly cannot be bothered to prove an idiot, an idiot!

 

[Jade]

I honestly cannot be bothered to prove an idiot, an idiot!

That is what cowards do, run away from the arguments with personal insinuations.

Google is not Wikipedia. Get your facts right before posting nonsense and then wanting the world to believe you. World is not stupid.