This perception is factually incorrect. The total installed generation capacity in 2000-01 was 17,772 MW which increased to 19,566 MW by 2007-08 – an increase of 1794 MW during musharaf tenure. These facts are well documented in Pakistan Economic Survey 2001-02 (PP. 202, Table 15.13) and Pakistan Economic Survey 2007-08 (PP.259, Table 15.16)
Out of 1794 MW increase in installed generation capacity, 1770MW (99%) increase is attributed to WAPDA. The major addition came from Ghazibrotha power project.
But I would like to explain a little bit more on this issue. In 2000-01, Pakistan was having a surplus of 3000 MW because of the induction of electricity through the Independent Power Producers (IPPs). According to the 1994 Power Policy, even if the gov't did not consume electricity, the government was required to pay 60% of the capacity to respective IPPs. Thus, we were having surplus power 3000 MW with all its financial implications.
By January 2003, we were still having surplus of 2000 MW with all its financial implications. Do you think that musharaf government would have set up another power plant when we were already having surplus electricity. According to estimates, the surplus power was to be a eliminated by 2007 provided our consumption of electricity would have grown at the rate of 6 percent per annum.
Pakistan’s economy grew at an average rate of 7.5 percent per annum during 2003-07 and accordingly the electricity consumption grew at an average rate of 10-11 percent – much higher than govt's assumption of 6 percent. Consequently, the surplus power was eliminated by mid- 2004 instead of 2007.
Your question would then be: what did musharaf government do in mid – 2004? My answer is plain. They launched 50 new power projects totaling 12, 141 MW during February 2004 and until June 2007.
These facts can be checked with Private Power Infrastructure Board (PPIB). These projects were to come in operation during October 2008 to December 2015. You should keep in mind that it takes minimum four years for a power plant to come under operation. Three of the said projects had come into operation and inaugurated by Mr 10% tenure Prime Minister.
Thus, the perception is absolutely wrong. It was created deliberately by the next rulers to hide their inefficiencies and misguide the people of Pakistan.
Brother just look at his achievements and then compare it with your democracy period
Economic Growth
- He salvaged a near bankcrupt economy and transformed it to emerge as one of the four fastest growing economy in the Asian region along with China, India and Vietnam
- Pakistan’s economy grew at an average rate of 7.0 percent per annum
- The performance of large-scale manufacturing has been unparalled in the country’s history. It grew at an average rate of 11 percent per annum
- Services sector grew at an average rate of 6.0 percent per annum
- Because of Musharaf's strong economic policies, Goldman Sachs a global investment bank, included Pakistan in the category of new emerging market (Next – 11) destined to play a major role in the world economic setting.
- Goldman Sachs extended their coverage from BRICs (Brazil, Russia, India and China) to eleven more emerging economic power including Pakistan, Korea, Mexico, Vietnam, Turkey etc.
- Pakistan’s per capita income doubled (from $ 526 in 1999-2000 to $1085 in 2007-08). In other words, the average income of Pakistani people more than doubled during Musharraf regime.
- The size of the economy more than doubled (from $74 billion in 1999-2000 to $170 billion in 2007-08) as well.
Investment
- Investment rose from 17.4 percent to 22.9 percent of GDP – an increase of 5.5percent of GDP in seven/eight years is unparallel in recent times in Pakistan.
- Foreign Investment surged from $0.5 billion to $8.5 billion during his government – a 17 fold increase in 8 years which reflected the growing confidence of foreign investors on Pakistan.
Unemployment & Poverty
- His government succeeded in creating 13.5 million new jobs and accordingly reduced the unemployment rate from 8.3 percent to 5.2 percent
- Strong economic growth succeeded not only in creating new jobs but reducing poverty by one – half. That is, poverty reduced to one-half during his government. The number of people living below the poverty declined from 34.5 percent in 2000-01 to 17.2 percent in 2007/08.
- Income inequality also started narrowing after 2005-06.
Inflation
- Low inflation had been the hallmark of his government. Inflation averaged 5.5 percent during 2000-2007
Deficit and Debt
- Tax collection by the Federal Board of Revenue (FBR) tripled during his regime – increasing from Rs 308 billion to Rs.1025 billion
- Overall budget deficit as percentage of GDP reduced to almost one half. Budget deficit averaged over 7.0 percent of GDP during the 1980s and 1990s but was reduced to an average of 4.0 percent of GDP, thus reflecting the financial discipline of his government.
- The country’s debt burden reduced to one – half. National (Public) debt was over 100 percent of GDP by end of the 1990s but reduced to 55 percent by the end of his government
- In the words of the IMF “The large and sustained decline in the external debt to –GDP –ratio was one of Pakistan’s most remarkable macroeconomic achievements of recent years”.
- Debt servicing used to consume 64 percent total revenue in 1998-99. By maintaining financial discipline and reducing budget deficit, we succeeded in bringing it down to 25 percent only. In other words, the resources saved from debt servicing were diverted towards development program.
External Sector
- Both exports and imports grew at higher double –digit-levels
- Foreign exchange reserves increased from $500 million to over $16 billion – a sixteen fold increase in reserves during his government.
- Exchange rate remained stable as a result of the build up in foreign exchange reserves
- Remittances continued to grow from less than $1.0 billion to over $16.0 billion
- Pakistan’s international credit rating continued to improve from selective default to B+
- He had the honour of taking Pakistan out of the IMF program in December 2004.
- Pakistan re-entered the international bond and equity markets by floating Eurobonds and Global Depository Receipts (GDR). Pakistan also succeeded in floating a 30 year Eurobond which showed the confidence of the global investors in Pakistan.
- Pakistan pursued a successful privatization program for the state-owned enterprises (SOEs).
Stock Market
- Karachi Stock Exchange emerged as one of the best stock exchange, in emerging economies. The Karachi Stock Exchange Index surged more than 11 times – rising from 1189 in October to 13998 in November 2007. This represented the growing confidence of the private sector (both domestic and foreign) on economic management.
SOCIAL SECTOR
Education
- Overall Literacy Rate increased from 45% to 55% during 2000-01 to 2006-07.
- Male literacy rate increased from 58% to 67%.
- Female literacy rate increased from 32% to 42% during his government.
- Gross enrolment at primary level (5.9 years) increased from 72% to 91% – an increase of 19 percentage points.
Higher Education
- The state of higher education in Pakistan was in a pathetic condition prior to his government. We had 48 universities; the number of Ph.Ds and engineers per million population was only 112 –about one – third of the minimum standards prescribed by the UNESCO. Pakistan had the stock of only 2600 science Ph.D and the country was producing barely 50-60 per annum.
- His government launched a multi – pronged strategy, including the establishment of Higher Education Commission (HEC).
- He provided substantial resources to higher education. The development budget for higher education increased from Rs. 500 million to Rs. 14 billion in 2006-07 .
- Number of universities increased to 130 in 2006-07 from 48 in 1998-99.
- Number of students enrolled in universities increased from 276 thousands to 948 thousands – more than three fold increase in enrolment in universities.
- Number of Ph.Ds produced by Pakistani universities increased sharply to 624 from as low as 50 – 60.
- There were 3800 students sent abroad for higher education (Ph.D) in foreign universities, of which, 303 have completed their degrees.
- There 3508 students enrolled in Ph.D Programs in Pakistani universities, of which 336 have completed their programs.
Health
- Various Health indicators also improved during Musharaf's government. for example, children aged 12-23 months immunized increased from 53% in 2000-01to 76% in 2006-07.
- Life expectancy increased from 63 years in 2000 to 66.5 years by 2008
- Infant mortality rate declined from 83.3 per 1000 infants in 2000 to 65 by 2008.
- Social Sector and Poverty – Related Expenditures Increased from Rs. 167 billion (3.8% of GDP) to Rs. 500 billion (5.7 % of GDP)
PML-N would be the first one to take credit of peace nowadays and they even claim about Army following it's leadership command for ensuring peace then why they allowed Army to do the same during their rule which you are trying to blame on Musharraf.They should have educated the tribals instead of ordering Army for bombarding them here too.
You forgot to mention about another beneficiary of NRO too.Panama Brothers also had 21 cases of corruption against them.
