Pakistan’s Oversized Submarine Ambitions

[xyxmt]

Musharraf government was at least 10 times better then all regimes in last 40 years. Economics development is not something that happens overnight. It was in 2006-07 that Pakistan economy was at take-off stage, when all these Chief justice drama and NRO etc. hot the nation again and we went back to square one. Hale the democracy and Azaad Adliya.

Can you please tell me where did you come up with this figure of $25 billions? Coalition support fund was something that US would reimburse the money that PA will spend on its operation against terrorist.
To clarify what it is, Pakistan spent money on operations first and then send the bill to US for approval and then US would released those money to us in trenches.
The other US aid is for certain developmental projects, but US never just give dollars to Pakistan to spend as Pakistan wishes. It finance projects of its own choosing and all that under US consultants and US companies as well.

The projects which Musharraf started and completed were Gwadar port, Coastal Highway, Ghazi Barotha, Mangla Dam raising and best of all Dr. Atta-ur-Rehaman's visionary projects under HEC. Ask any person related to IT. All those millions of Pakistani young IT professionals are here because of Atta-ur-Rehamn. If he may have been there for other 10 years, Pakistan would have been the hub of IT services.

Criticize what was bad, but appreciate the good and speak full truth. Our politicians and media, judiciary, religious leaders have fucked-up this beautiful nation with half truths and naked lies already.

it was even more than that considering rescheduling of loan payments, the payments that were not deemed payable (i dont remember exactly) 5 years yet interest accumulated on that loan for 5 years (some smart economic moves). He single handedly ruined this country to the worst, but please dont make me stop you from kissing his behind

 

[Slayer786]

you people make me laugh so hard I fart some time, all kids praising Musharaf time were in their early teens and dont even know what condition Pakistan was in, you idiots shows us where is all that development that happened in Musharaf's time. What happened when he left, did he take all those factories, power plants with him? do you even know what development means? fly overs and buildings are not developments thats where all of 25 billion USD he received for WOT were spent on. do you know whats happening with Railways, steel mills and hydro power plants, no money was spent on their upkeep and now we are paying for it, name a few new projects in musharaf time please

Well do you really want to go there? Do you want to compare his performance to ganja ji and bibi ji who had bankrupted Pakistan before him.
Now we all know he had made mistakes which he himself has admitted( no other politician ever had the guts to admit mistakes). NRO was his biggest. Buy by far he was the best person available for the job. It is so easy to criticize someone, but when it all comes to your head, then the person realizes what a mess it is and how to get out of it.

50 reasons Pakistan needs Musharraf
By Syed Ali Raza Abidi Published: October 9, 2010

1. Nine world class engineering universities were developed and 18 public universities further developed.

2. Pakistan was ranked third in world banking profitability.

3. The IT industry was valued at around $2 billion, including $1 billion in exports and employed around 90,000 professionals.

4. The CNG sector attracted over $70 billion in investment in the past five years and created 45,000 jobs.

5. The telecommunications sector attracted around $10 billion in investments and created over 1.3 million jobs.

6. Industrial parks were set up throughout the country for the first time.

7. Mega projects such as the Saindak, Rekodiq, marble production, coal production, mining and quarrying were pursued.

8. Foreign reserves increased from $700 million to $17 billion.

9. The Karachi stock market went from 700 points to 15,000 points.

10. The literacy rate improved by 11 per cent.

11. Poverty decreased by 10 per cent.

12. Four dams were built: Mirani, Subakzai, Gomalzam, Khurram, and Tangi,

13. Seven motorways were completed or were under construction,

14. Gwadar, an advanced sea port, was developed,

15. 650 kilometres of coastal highways were constructed.

16. A historic 100% increase in tax collection (amounting to Rs1 trillion) was observed.

17. Large scale manufacturing was at a 30-year high, and construction at a 17-year high.

18. Copper and gold deposits were found in Chagai, worth about $600 million annually if sold.

19. A new oil refinery with the UAE that could process 300,000 oil barrels a day was established.

20. The industrial sector registered 26 per cent growth.

21. The economy was the third fastest growing economy after China and India .

22. The Institute of Space Technology was established.

23. Sardar Bahadur Khan Women University Quetta was established.

24. The University of Science and Technology, Bannu, was established.

25. The University of Hazara was founded.

26. The Malakand University in Chakdara was established.

27. The University of Gujrat was established

28. The Virtual University of Pakistan was established

29. Sarhad University of IT in Peshawar was established

30. The National Law University in Islamabad was established

31. The Media University in Islamabad was established

32. University of Education in Lahore was established

33. Lasbela University of Marine Sciences, Baluchistan, was established

34. Baluchistan University of IT & Management, Quetta (2002)

35. The Pakistan economy was worth $ 160 billion in 2007

36. GDP Purchasing Power Parity (PPP) was $ 475.5 billion in 2007

37. The GDP per Capita in 2007 was $ 1000

38. Revenue collection in 2007/08 was Rs1.002 billion

39. Exports in 2007were worth $18.5 billion

40. Textile exports in 2007 were worth $11.2 billion

41. Foreign direct investment in 2007 was $8.5 billion

42. Debt servicing in 2007 was 26 per cent of the GDP

43. The poverty level in 2007 was 24 per cent

44. The literacy rate in 2007 was 53 per cent

45. Pakistan development programs in 2007 were valued at Rs520 billion

46. The Karachi stock exchange in 2007 was $70 billion at 15,000 points

47. Exports in 2007: $18.5 billion

48. Pakistan now has a total of 245,682 educational institutions in all categories, including 164,579 in the public sector and 81,103 in the private sector, according to the National Education Census (NEC-2005).

49. There are now more than 5,000 Pakistanis doing PhDs in foreign countries on scholarship. 300 Pakistanis receive PhD degrees every year, in 1999, the number was just 20.

50. In total, 99,319 educational institutions increased in Musharraf’s era!

This was some of the good Musharraf delivered to Pakistan during his martially-democratic rule from 1999 to 2008. Strange how quickly we forget his foreign policy efforts, which helped elevate the image of Pakistan globally added acceptance value to our green passports. Even the Indians next door were ready to discuss Kashmir for a solution and praised the man for his sincerity, honesty and amicable handling of the issues.

Of course, he has the right to tell his opponents, “tameez say baat karo, warna munh toor jawab millayga” and it is true that most of them are keeping quiet since he said this in a recent interview with Express TV.

I feel he knows more than what he has already said so far, and may explode if not “handled with caution”. This goes for all the politicians cum armed forces of Pakistan. Hence, be careful everyone, the General is coming back as a civilian!

Source: The Express Tribune


The Role of Politics in Pakistan's Economy
Columbia University-USA
Ishrat Husain
Vol. 63, No. 1, Fall/Winter 2009

In October 1999, the incoming military government was faced with four main challenges: heavy external and domestic indebtedness; high fiscal deficit and low revenue generation capacity; rising poverty and unemployment; and a weak balance of payments with stagnant exports.
The country faced a serious external liquidity problem as its reserves were barely sufficient to buy three weeks of imports and could not possibly service its short-term debt obligations. Workers’ remittances decreased by $500 million, foreign investment flows dwindled by $600 million, official transfers turned negative and Pakistan had no access to private capital markets. In the domestic sector, the declining tax-to-GDP ratio and inflexible expenditure structure, whereby 80 percent of revenues were preempted to debt servicing and defense, constrained the government’s ability to increase the level of public investment.

Structural policy reforms combined with an improvement in economic governance laid the foundations for accelerated growth from 2002 to 2007.22 The economic growth rate averaged 7 percent, up from 3.1 percent in 2001 to 2002. Poverty was reduced by between 5 and 10 percentage points, depending upon the methodology used. The unemployment rate also fell from 8.4 percent to 6.5 percent and approximately 11.8 million new jobs were created between 1999 and 2008. Gross and net enrollment ratios at the primary school level recorded upward movement. The re-profiling of the stock of debt brought down the debt-to-GDP ratio from 100 percent to 55 percent. Foreign exchange reserves increased to cover six months’ imports from a few weeks’ imports. The fiscal deficit remained below or slightly above 4 percent of GDP. The investment rate grew to 23 percent of GDP and an estimated $14 billion of foreign private capital inflows financed many sectors of the economy. The exchange rate remained fairly stable throughout the period.

The experience I gained as an economic policymaker between 1999 and 2005 has fortified my belief in the validity of this proposition. Many far-reaching structural reforms were successfully carried out during this period, particularly in the initial three years. This was a period of relative political stability steered by technocrats, away from the civilians and the military.

Source: © Copyright 2013, Journal of International Affairs. All rights reserved.



Wednesday, October 12, 2011
Review of Musharraf's Era on 12th Anniversary of 1999 Coup

Musharraf's policies helped create 13 million new jobs, cut poverty in half and halved the country's total debt burden in the period from 2000 to 2007.

Musharraf Government's Accomplishments:

Thanks to the dynamic economy under President Musharraf's rule, Pakistan created more jobs, graduated more people from schools and colleges, built a larger middle class and lifted more people out of poverty as percentage of its population than India in the last decade. And Pakistan has done so in spite of the huge challenges posed by the war in Afghanistan and a very violent insurgency at home.

The above summary is based on volumes of recently released reports and data on job creation, education, middle class size, public hygiene, poverty and hunger over the last decade that offer new surprising insights into the lives of ordinary people in two South Asian countries. It adds to my previous post on this blog titled "India and Pakistan Contrasted in 2010".



The current PPP government summed up General Musharraf's accomplishments well when it signed a Memorandum of Understanding with the International Monetary Fund which said:

"Pakistan's economy witnessed a major economic transformation in the last decade. The country's real GDP increased from $60 billion to $170 billion, with per capita income rising from under $500 to over $1000 during 2000-07". It further acknowledged that "the volume of international trade increased from $20 billion to nearly $60 billion. The improved macroeconomic performance enabled Pakistan to re-enter the international capital markets in the mid-2000s. Large capital inflows financed the current account deficit and contributed to an increase in gross official reserves to $14.3 billion at end-June 2007. Buoyant output growth, low inflation, and the government's social policies contributed to a reduction in poverty and improvement in many social indicators". (see MEFP, November 20, 2008, Para 1)



Pre-Musharraf Decade:

Before the coup, Pakistan was approaching the end of what is now remembered as The Lost Decade of the 1990s when PPP's Benazir Bhutto and PML's Nawaz Sharif played musical chairs, while the economy stagnated and the people suffered.

Summing up the economic situation after the PPP-PML coalition took office in 2008, the Economist magazine in its June 12 issue summed it up as follows: "Before Mr Sharif was ousted in 1999, the two parties had presided over a decade of corruption and mismanagement. But since then, as the IMF remarked in a report in January, there has been a transformation. Pakistan attracted over $5 billion in foreign direct investment in the 2006-07 fiscal year, ten times the figure of 2000-01. The government's debt fell from 68% of GDP in 2003-04 to less than 55% in 2006-07, and its foreign-exchange reserves reached $16.4 billion as recently as in October." Please read "Pakistani Economy Returning to the Bad Old Days".






Criticisms of Musharraf Government:

Among the various criticisms of Musharraf's rule, there are two that particularly stand out:

1. Musharraf's Support For US War on Terror:

Musharraf has been heavily criticized for siding with the United States and angering the Taliban and their sympathizers who have been attacking and terrorizing Pakistani state and its people. As mightily as Pakistan has suffered at the hands of the Taliban and al Qaeda terrorists and their affiliates since 911, I do believe that Pakistanis would have been much worse off if Musharraf had not sided with the United States when asked after the worst terror attacks on US mainland. The consequences of refusal to help the US would have ranged from direct and massive NATO attack (probably with Indian help) on Pakistan to crippling sanctions and complete political and diplomatic isolation on the world stage.

2. Musharraf's Failure to Increase Energy Supply:

There was double digit annual growth in industrial production in Pakistan from 2000-2007, and the rising incomes and standards of living put pressure on energy supplies, particularly electricity. However, the situation was being managed to assure only short interruptions in supply to maintain and ration insufficient power generation capacity. For example, in June 2007, the power cuts in Pakistan lasted no more than 3 or 4 hours a day. Today, the situation is far worse with 10-12 hrs or more of load shedding every day, in spite of an stagnant economy.

It is becoming increasingly clear that it is the total absence of financial management, not just insufficient installed generating capacity, that is the crux of the worsening energy problems in Pakistan.

Riots have broken out as the Punjab, Pakistan's largest province, finds itself in the midst of the worst ever electricity crisis in the nation's history. The power shortfall has reached almost 9000 megawatts across the country, over half of the total demand of about 17000 MW.

Many public and private power producers have shut down their power plants due to the suspension of fuel supply by Pakistan State Oil, the state-owned oil company, according to a report in the Express Tribune. The oil company is demanding payment of Rs. 155 billion in outstanding dues from the power producers before resuming fuel supply.

Summary:

Musharraf era was the best era in terms of improving the lives of the ordinary folks in Pakistan since the Ayub-era in the 1960s. Strong economy helped create millions of new jobs and lifted millions out of poverty. Social indicators improved significantly and the the size of the middle class grew dramatically. So why is it that there are so many people who continue to condemn Musharraf?

I think Musharraf's critics can be divided in two categories:

1. Self-serving politicians and their supporters under their patronage who deny Musharraf's accomplishments because any admission of reality would be seen as a confession of their own incompetence.

2. Those who acknowledge Musharraf's economic legacy but would still prefer elected civilian government for ideological reasons. They are perfectly willing to sacrifice economic growth in the hope of hastening a better democratic future for Pakistan.


Source: South Asia Investor Review

 

[SQ8]

Summary:

Musharraf era was the best era in terms of improving the lives of the ordinary folks in Pakistan since the Ayub-era in the 1960s. Strong economy helped create millions of new jobs and lifted millions out of poverty. Social indicators improved significantly and the the size of the middle class grew dramatically. So why is it that there are so many people who continue to condemn Musharraf?

I think Musharraf's critics can be divided in two categories:

1. Self-serving politicians and their supporters under their patronage who deny Musharraf's accomplishments because any admission of reality would be seen as a confession of their own incompetence.

2. Those who acknowledge Musharraf's economic legacy but would still prefer elected civilian government for ideological reasons. They are perfectly willing to sacrifice economic growth in the hope of hastening a better democratic future for Pakistan.


Source: South Asia Investor Review

Gentlemen, lets not loose too much track over Musharraf.. but in response... these seem to be more relevant as they gauge the performance right after Musharraf and not with the PPP government as a start comparison to create an unfair relative assessment of Musharrafs rule i.e. in late 2008.
http://faculty.nps.edu/relooney/Rel-TOSJ-08.pdf

Given the difficulty, the country has had over the years in sustaining high rates of growth, the Musharraf programs and reforms will no doubt be ultimately judged on the quality of the institutions put in place. Are these institutions capable of fairly resolving many of the conflicts that have repeatedly derailed the economy? Will they permit continuity in economic policy? Will they strengthen democracy, enabling all segments of society better access to public services and opportunities? Will they enable the country to finally have a successful economic transition to high sustained growth?

The pro-administration, take-off school contends that through its macroeconomic stabilization policies and progress in economic and governance reforms the country is now positioned to sustain high rates of economic growth –the previous boom bust pattern of growth made a thing of the past – the recent slow-down of the economy simply reflects the political uncertainty prior to the election. Now that that has been resolved the country will quickly resume the rapid pace of growth of the last several Musharraf years.

The failed take-off explanation while acknowledging the many economic successes of the Musharraf years contended that the administration did not make enough progress in governance and supporting growth enhancing institutions for growth to be sustainable. Even worse, the Musharraf government’s polices and actions not only failed to address mounting constraints, but in many cases only served to aggravate them.

From the vantage point of early 2008 it may be premature to provide a final judgement of the Musharraf economic policies. However a large body of evidence points toward their failure. Certainly, dissatisfaction with the performance of the economy was one of the main reasons for his fall from power and while some of his reforms have yet to be completed they are unlikely to create the conditions for high sustained grates of growth.

It is also pertinent to state that during Musharraf's tenure, the Navy continued to be treated like a step child rather than a service that needed serious upgrades in its capabilities. Without a Navy that can resist a blockade for an acceptable time and prevent flanking amphibious operations, Pakistan will not last long in a conflict.

 

[Basel]

I agree that since independence PN has been treated like a step child, but u just cant blame mush for completely ignoring that, because in his time P3s were bought with AWAC which are the most advance and formidable platform of PN.

If proper air cover can be provided to P3s they can do damage which IN can not bear if they try to blockade our sea lines . Because P3s can do both surveillance and strike mission above and below sea surface with very potent weapons.

 

[American Pakistani]

lol is this writer gone nuts??? Musharraf times were the best he was paying off the debt whereas in Zardari era it doubled of what it was in entire 60+years & in Nawaz first 5 months period it already shot up atleast 15% of what the total debt was when he took charge.

 

[Nishan_101]

No nuclear subs?? Or those 16 3K tons will be nuclear ones(SSNs)?? Lols

It can be conventionlly powered like U-214....

 

[kaykay]

It can be conventionlly powered like U-214....

okay. What is the time frame for these 32 conventional submarines??

 

[xyxmt]

Well do you really want to go there? Do you want to compare his performance to ganja ji and bibi ji who had bankrupted Pakistan before him.
Now we all know he had made mistakes which he himself has admitted( no other politician ever had the guts to admit mistakes). NRO was his biggest. Buy by far he was the best person available for the job. It is so easy to criticize someone, but when it all comes to your head, then the person realizes what a mess it is and how to get out of it.

50 reasons Pakistan needs Musharraf
By Syed Ali Raza Abidi Published: October 9, 2010

1. Nine world class engineering universities were developed and 18 public universities further developed.

2. Pakistan was ranked third in world banking profitability.

3. The IT industry was valued at around $2 billion, including $1 billion in exports and employed around 90,000 professionals.

4. The CNG sector attracted over $70 billion in investment in the past five years and created 45,000 jobs.

5. The telecommunications sector attracted around $10 billion in investments and created over 1.3 million jobs.

6. Industrial parks were set up throughout the country for the first time.

7. Mega projects such as the Saindak, Rekodiq, marble production, coal production, mining and quarrying were pursued.

8. Foreign reserves increased from $700 million to $17 billion.

9. The Karachi stock market went from 700 points to 15,000 points.

10. The literacy rate improved by 11 per cent.

11. Poverty decreased by 10 per cent.

12. Four dams were built: Mirani, Subakzai, Gomalzam, Khurram, and Tangi,

13. Seven motorways were completed or were under construction,

14. Gwadar, an advanced sea port, was developed,

15. 650 kilometres of coastal highways were constructed.

16. A historic 100% increase in tax collection (amounting to Rs1 trillion) was observed.

17. Large scale manufacturing was at a 30-year high, and construction at a 17-year high.

18. Copper and gold deposits were found in Chagai, worth about $600 million annually if sold.

19. A new oil refinery with the UAE that could process 300,000 oil barrels a day was established.

20. The industrial sector registered 26 per cent growth.

21. The economy was the third fastest growing economy after China and India .

22. The Institute of Space Technology was established.

23. Sardar Bahadur Khan Women University Quetta was established.

24. The University of Science and Technology, Bannu, was established.

25. The University of Hazara was founded.

26. The Malakand University in Chakdara was established.

27. The University of Gujrat was established

28. The Virtual University of Pakistan was established

29. Sarhad University of IT in Peshawar was established

30. The National Law University in Islamabad was established

31. The Media University in Islamabad was established

32. University of Education in Lahore was established

33. Lasbela University of Marine Sciences, Baluchistan, was established

34. Baluchistan University of IT & Management, Quetta (2002)

35. The Pakistan economy was worth $ 160 billion in 2007

36. GDP Purchasing Power Parity (PPP) was $ 475.5 billion in 2007

37. The GDP per Capita in 2007 was $ 1000

38. Revenue collection in 2007/08 was Rs1.002 billion

39. Exports in 2007were worth $18.5 billion

40. Textile exports in 2007 were worth $11.2 billion

41. Foreign direct investment in 2007 was $8.5 billion

42. Debt servicing in 2007 was 26 per cent of the GDP

43. The poverty level in 2007 was 24 per cent

44. The literacy rate in 2007 was 53 per cent

45. Pakistan development programs in 2007 were valued at Rs520 billion

46. The Karachi stock exchange in 2007 was $70 billion at 15,000 points

47. Exports in 2007: $18.5 billion

48. Pakistan now has a total of 245,682 educational institutions in all categories, including 164,579 in the public sector and 81,103 in the private sector, according to the National Education Census (NEC-2005).

49. There are now more than 5,000 Pakistanis doing PhDs in foreign countries on scholarship. 300 Pakistanis receive PhD degrees every year, in 1999, the number was just 20.

50. In total, 99,319 educational institutions increased in Musharraf’s era!

This was some of the good Musharraf delivered to Pakistan during his martially-democratic rule from 1999 to 2008. Strange how quickly we forget his foreign policy efforts, which helped elevate the image of Pakistan globally added acceptance value to our green passports. Even the Indians next door were ready to discuss Kashmir for a solution and praised the man for his sincerity, honesty and amicable handling of the issues.

Of course, he has the right to tell his opponents, “tameez say baat karo, warna munh toor jawab millayga” and it is true that most of them are keeping quiet since he said this in a recent interview with Express TV.

I feel he knows more than what he has already said so far, and may explode if not “handled with caution”. This goes for all the politicians cum armed forces of Pakistan. Hence, be careful everyone, the General is coming back as a civilian!

Source: The Express Tribune


The Role of Politics in Pakistan's Economy
Columbia University-USA
Ishrat Husain
Vol. 63, No. 1, Fall/Winter 2009

In October 1999, the incoming military government was faced with four main challenges: heavy external and domestic indebtedness; high fiscal deficit and low revenue generation capacity; rising poverty and unemployment; and a weak balance of payments with stagnant exports.
The country faced a serious external liquidity problem as its reserves were barely sufficient to buy three weeks of imports and could not possibly service its short-term debt obligations. Workers’ remittances decreased by $500 million, foreign investment flows dwindled by $600 million, official transfers turned negative and Pakistan had no access to private capital markets. In the domestic sector, the declining tax-to-GDP ratio and inflexible expenditure structure, whereby 80 percent of revenues were preempted to debt servicing and defense, constrained the government’s ability to increase the level of public investment.

Structural policy reforms combined with an improvement in economic governance laid the foundations for accelerated growth from 2002 to 2007.22 The economic growth rate averaged 7 percent, up from 3.1 percent in 2001 to 2002. Poverty was reduced by between 5 and 10 percentage points, depending upon the methodology used. The unemployment rate also fell from 8.4 percent to 6.5 percent and approximately 11.8 million new jobs were created between 1999 and 2008. Gross and net enrollment ratios at the primary school level recorded upward movement. The re-profiling of the stock of debt brought down the debt-to-GDP ratio from 100 percent to 55 percent. Foreign exchange reserves increased to cover six months’ imports from a few weeks’ imports. The fiscal deficit remained below or slightly above 4 percent of GDP. The investment rate grew to 23 percent of GDP and an estimated $14 billion of foreign private capital inflows financed many sectors of the economy. The exchange rate remained fairly stable throughout the period.

The experience I gained as an economic policymaker between 1999 and 2005 has fortified my belief in the validity of this proposition. Many far-reaching structural reforms were successfully carried out during this period, particularly in the initial three years. This was a period of relative political stability steered by technocrats, away from the civilians and the military.

Source: © Copyright 2013, Journal of International Affairs. All rights reserved.



Wednesday, October 12, 2011
Review of Musharraf's Era on 12th Anniversary of 1999 Coup

Musharraf's policies helped create 13 million new jobs, cut poverty in half and halved the country's total debt burden in the period from 2000 to 2007.

Musharraf Government's Accomplishments:

Thanks to the dynamic economy under President Musharraf's rule, Pakistan created more jobs, graduated more people from schools and colleges, built a larger middle class and lifted more people out of poverty as percentage of its population than India in the last decade. And Pakistan has done so in spite of the huge challenges posed by the war in Afghanistan and a very violent insurgency at home.

The above summary is based on volumes of recently released reports and data on job creation, education, middle class size, public hygiene, poverty and hunger over the last decade that offer new surprising insights into the lives of ordinary people in two South Asian countries. It adds to my previous post on this blog titled "India and Pakistan Contrasted in 2010".



The current PPP government summed up General Musharraf's accomplishments well when it signed a Memorandum of Understanding with the International Monetary Fund which said:

"Pakistan's economy witnessed a major economic transformation in the last decade. The country's real GDP increased from $60 billion to $170 billion, with per capita income rising from under $500 to over $1000 during 2000-07". It further acknowledged that "the volume of international trade increased from $20 billion to nearly $60 billion. The improved macroeconomic performance enabled Pakistan to re-enter the international capital markets in the mid-2000s. Large capital inflows financed the current account deficit and contributed to an increase in gross official reserves to $14.3 billion at end-June 2007. Buoyant output growth, low inflation, and the government's social policies contributed to a reduction in poverty and improvement in many social indicators". (see MEFP, November 20, 2008, Para 1)



Pre-Musharraf Decade:

Before the coup, Pakistan was approaching the end of what is now remembered as The Lost Decade of the 1990s when PPP's Benazir Bhutto and PML's Nawaz Sharif played musical chairs, while the economy stagnated and the people suffered.

Summing up the economic situation after the PPP-PML coalition took office in 2008, the Economist magazine in its June 12 issue summed it up as follows: "Before Mr Sharif was ousted in 1999, the two parties had presided over a decade of corruption and mismanagement. But since then, as the IMF remarked in a report in January, there has been a transformation. Pakistan attracted over $5 billion in foreign direct investment in the 2006-07 fiscal year, ten times the figure of 2000-01. The government's debt fell from 68% of GDP in 2003-04 to less than 55% in 2006-07, and its foreign-exchange reserves reached $16.4 billion as recently as in October." Please read "Pakistani Economy Returning to the Bad Old Days".






Criticisms of Musharraf Government:

Among the various criticisms of Musharraf's rule, there are two that particularly stand out:

1. Musharraf's Support For US War on Terror:

Musharraf has been heavily criticized for siding with the United States and angering the Taliban and their sympathizers who have been attacking and terrorizing Pakistani state and its people. As mightily as Pakistan has suffered at the hands of the Taliban and al Qaeda terrorists and their affiliates since 911, I do believe that Pakistanis would have been much worse off if Musharraf had not sided with the United States when asked after the worst terror attacks on US mainland. The consequences of refusal to help the US would have ranged from direct and massive NATO attack (probably with Indian help) on Pakistan to crippling sanctions and complete political and diplomatic isolation on the world stage.

2. Musharraf's Failure to Increase Energy Supply:

There was double digit annual growth in industrial production in Pakistan from 2000-2007, and the rising incomes and standards of living put pressure on energy supplies, particularly electricity. However, the situation was being managed to assure only short interruptions in supply to maintain and ration insufficient power generation capacity. For example, in June 2007, the power cuts in Pakistan lasted no more than 3 or 4 hours a day. Today, the situation is far worse with 10-12 hrs or more of load shedding every day, in spite of an stagnant economy.

It is becoming increasingly clear that it is the total absence of financial management, not just insufficient installed generating capacity, that is the crux of the worsening energy problems in Pakistan.

Riots have broken out as the Punjab, Pakistan's largest province, finds itself in the midst of the worst ever electricity crisis in the nation's history. The power shortfall has reached almost 9000 megawatts across the country, over half of the total demand of about 17000 MW.

Many public and private power producers have shut down their power plants due to the suspension of fuel supply by Pakistan State Oil, the state-owned oil company, according to a report in the Express Tribune. The oil company is demanding payment of Rs. 155 billion in outstanding dues from the power producers before resuming fuel supply.

Summary:

Musharraf era was the best era in terms of improving the lives of the ordinary folks in Pakistan since the Ayub-era in the 1960s. Strong economy helped create millions of new jobs and lifted millions out of poverty. Social indicators improved significantly and the the size of the middle class grew dramatically. So why is it that there are so many people who continue to condemn Musharraf?

I think Musharraf's critics can be divided in two categories:

1. Self-serving politicians and their supporters under their patronage who deny Musharraf's accomplishments because any admission of reality would be seen as a confession of their own incompetence.

2. Those who acknowledge Musharraf's economic legacy but would still prefer elected civilian government for ideological reasons. They are perfectly willing to sacrifice economic growth in the hope of hastening a better democratic future for Pakistan.


Source: South Asia Investor Review

I agree with you, but what happened to all that...why are we so f'ed up
what happened to gas...oh it was all sold to CNG stations for license fees
four dams??? you call them dams? Kalabagh would be a damn dam but no he was listening to Bhai saab from england.

lets say all those paper project you mentioned were true, he undid all that by NRO so just remember the end result....zero zilch nada

 

[Umair Nawaz]

Before his last term ended abruptly in a 1999 military coup, Prime Minister Nawaz Sharif dreamed that Pakistan would become an “Asian Tiger,” comparable with the rising economies of Southeast Asia.

Pervez Musharraf and Asif Ali Zardari dashed those hopes: Islamabad is now US$58 billion in debt, and economic growth has slowed to a murmur. Nevertheless, Sharif has swept into power once again with an ambitious vision of Pakistan’s role in the world. “Undoubtedly, our foreign policy demands a brave revision” he told a national television audience in one of his first speeches as prime minister, without which Pakistan “could not become [one of the] Asian Tigers.”

That “brave revision” points in part to a robust naval modernization program, including a major push to revamp Pakistan’s fledgling submarine fleet. As a Muslim-majority country with a fully serviceable Navy (surface vessels, submarines and a naval air arm), the Pakistan Navy (PN) hopes to become “the guardian navy of the Gulf regions.” Haris Khan, a senior analyst at PakDef Military Consortium, an independent Tampa-based think tank, tells The Diplomat in an interview.

Pakistan’s desire for naval modernization is predicated on its sense of strategic position in the complex Indian Ocean region. “Pakistan needs and maintains a balanced navy that can and will play its role effectively and efficiently in the region.” Khan notes. The importance of that role is underscored by a stretch of maritime border at the mouth of the Gulf of Oman and the warm-water Gwadar Port, located just 250 miles from the Straits of Hormuz, a vital chokepoint through which 20 percent of global oil traffic passes daily.

Pakistan’s naval strategy is centered on a number of goals, such as deterring India, keeping sea lanes open to Pakistan’s Karachi port, and ensuring a “stable environment in the North Arabian Sea.” To that end, Sharif has promised that priority will be given to “critical projects,” including building and procuring new submarines and frigates, and constructing new naval bases at Turbat and Gwadar, Khan says. A large corps, with over 25,000 active personnel, including 3,000 Pakistani Marines and 1,000 Special Service Group members, gives Pakistan unique flexibility in conducting missions.

“Pakistan’s naval acquisition strategy can be seen largely as being proactive and innovative.” Khan says. It will need to be, not only to accomplish a host of ambitious regional goals, but to upgrade a submarine fleet in vital need of repair, the crux of the elite forces within the Pakistani Navy. “Two are French DCNS Agosta-70 which are being upgraded and three are AIP powered Agosta 90Bs. Two of the Agosta -90B were built and assembled locally at Karachi Shipyard and Engineering Works (KSEW),” Khan says. The submarines are equipped with French and German torpedoes, French SM-39 missiles and American harpoon missiles.

Although Defense Minister Tanveer Hussain promised that “all necessary resources” would be provided to enhance the Navy in an interview with the Associated Press of Pakistan this summer, being proactive and innovative has historically gotten the aspiring tiger into serious financial trouble.

Sharif’s plan faces familiar pitfalls. Former President Pervez Musharraf’s ambitious Armed Forces Development Plan (AFDP) envisioned a US$15 billion retrofit of Pakistan’s military by 2015, expanding the submarine fleet from eight to twelve. Since 2008, GDP has stagnated with an average annual growth rate of 2.5 percent, and Sharif was even forced to borrow another US$5 billion in his first days in office in a bid to prevent widespread blackouts.

Already a 2008 IMF deal forced the government to abandon a multi-billion dollar deal with Howaldtswerke-Deutsche Werft (HDW) for three U-214 submarines. A tentative US$6 billion deal with China to provide six diesel-electric submarines was also abandoned when Pakistan could not provide collateral. Although the plans are secret, with the Air Force’s AFDP shelved five years ago, “it would be safe to assume that Navy’s AFDP "had a “similar fate,” Khan says.

Pakistan’s domestic politics may present further complications for naval modernization. As noted above, lingering debt forced the government to agree to a fresh IMF bailout package, worth US$5.3 billion, in July. A recent suicide attack on a Christian church in Peshawar, which killed 73 people, underscored the difficulties Pakistan faces in quelling internal violence, even though Sharif has indicated a willingness to reach a settlement with the Pakistani Taliban. Although Pakistan faces other serious problems, including the worst energy crisis in its history, a school system in shambles and ongoing battles to control terrorism, losing control of the naval modernization drive could have precipitous consequences.

The Navy hopes that the creation of a nearly sixteen-ton fleet tanker will promote “greater self-reliance and the increased indigenization of defense equipment production,” Khan notes. But increased focus on that, and the establishment of the Naval Strategic Force Command (NSFC) under the care of the Strategic Planning Division (SPD)— the custodian of Pakistan’s nuclear weapons—may leave conventional submarine programs starved for both attention and funding.

This would be consistent with Pakistan’s long-standing goal of acquiring a sea-based nuclear deterrent to pursue an ambitious maritime strategy. According to Khan, since 2001 the Pakistan Atomic Energy Commission (PAEC) has been working on KPC-3, a project “to design and manufacture a miniaturized nuclear power plant for a submarine.” In the long term, that may help Pakistan do less with more. PAEC and the National Engineering and Scientific Commission (NESCOM) have been working on a miniaturized plutonium warhead, a naval version of the Babur land attack cruise missile, which will further enhance Pakistan’s deterrent capability.

But doing more with less will also require Pakistan to be more efficient with the money it has on hand. “Strategic management has been another focus for the PN.” Khan says, referring to Pakistan’s Navy. To enhance the quality of manpower and improve efficiency, the navy has commissioned a review of its entire organization, and will restructure it where it deems necessary. Sharif certainly has the vision to turn Pakistan’s navy around. Whether he has the willpower is another question.

Andrew Detsch is editorial assistant at The Diplomat.

I dont know which world is this Andre Detsch is living in And seems to know Pakistan more then Pakistanis themselves. During Mushy times we were the Second fastest economy in Asia our Growth Rate touched 8% in and around 2007 and indian Rate touched that in around 2010.

The development and boom in economy was exemplary back then.

 

[Slayer786]

I agree with you, but what happened to all that...why are we so f'ed up
what happened to gas...oh it was all sold to CNG stations for license fees
four dams??? you call them dams? Kalabagh would be a damn dam but no he was listening to Bhai saab from england.

lets say all those paper project you mentioned were true, he undid all that by NRO so just remember the end result....zero zilch nada

Brother he actually was the only leader who strongly supported building the Kalabagh Dam. He knew it was the lifeline of Pakistan, but he met stiff opposition. And then he committed some mistakes like sacking the SC judge and then after that he was too busy dealing with that and time was wasted.
He only wanted the good for the people of Pakistan, but he met stiff opposition from the politicians who opposed it for their own vested interests.

General Musharraf, Kalabagh Dam and power sharing
Friday, March 04, 2005

On March 2, General Pervez Musharraf addressed a rally in Nowshehra. While speaking to the public, he strongly advocated the construction of the Kalabagh Dam. In fact, this was presumably why he was in Nowshehra in the first place. The main thrust of General Musharraf’s speech was to enlighten the people on the merits of KBD as opposed to the Basha/Diamer Dam which is in the Northern Areas and which most people consider to be a good compromise solution to the ongoing problem of selling KBD to the NWFP, Sindh and even Balochistan. General Musharraf also assured the people that while he wants the KBD, the ultimate decision to construct the dam would be taken by the people. We presume the reference to the people means winning KBD through the ‘elected representatives’. What should we make of this?

One fact is known and stands out in the general confusion that surrounds the KBD controversy. General Musharraf is convinced that KBD is essential for Pakistan’s future energy needs. He has been interested in the project almost since he came to power in October 1999. Unlike General Zia ul Haq, who backed off when he realised that the KBD would be a difficult sell, General Musharraf has refused to go for a strategic retreat even as he has had to effect tactical withdrawals on the issue.

Source: The Daily Times

Musharraf backs Kalabagh dam
03, March 2005

PESHAWAR, March 2: President General Pervez Musharraf on Wednesday strongly advocated the construction of the Kalabagh dam, but said that any decision in this regard would have to be taken by the people.

The president, who addressed his first public meeting in the NWFP after the May 2002 referendum, spoke at length on the merits of building Kalabagh dam as opposed to the Bhasha dam.

It was significant that the president chose to speak on the controversial issue in Nowshera which, according to the dam's opponents, will suffer most in terms of dislocation of people and loss of fertile land in case the Kalabagh dam is built.

The president's advocacy for the dam apparently took even Interior Minister Aftab Ahmad Khan Sherpao by surprise whose party has been opposing the project. "I have come here for a jirga. I will speak candidly and openly and then we shall offer dua," he said, alluding to the Pukhtuns practice of praying after resolving a ticklish matter.

However, Gen Musharraf, who appeared to have come determined to seek public approval for the controversial project, stopped short of making any announcement at the meeting organised by the Pakistan People's Party-Sherpao.

A former minister, Mian Muzaffar Shah, who conducted proceedings as the stage secretary, said 'no' in a loud voice and gestured to people to wave hands in disapproval just as the president warmed up to the theme.

In fact, so forceful was the president's speech that some federal ministers present at the public meeting insisted that he had actually made the announcement. However, the president later clarified to reporters at the Army Garrison Club that he had made no such announcement.

"I have not made any announcement regarding Kalabagh dam. I have only presented the merits and demerits of the two projects. Any decision will have to be made by the people," he said.

He said at the meeting that it was not only the question of storing water but also an issue of generating more and cheaper electricity. Comparing the two projects, the president said that Kalabagh dam would have a water storage capacity of 90 Million Acre Feet (MAF) against Bhasha dam's capacity of about 50 MAF.

He said that while the feasibility of the Kalabagh dam was ready, it would take three to five years to prepare the feasibility report of Bhasha dam. The construction of Bhasha dam, he added, would require the government to reconstruct a major part of the Karakoram Highway that would take more time to build than the ready-for-construction Kalabagh dam.

Dressed in brown khaddar shalwar-kameez with a matching shawl, the president sought to allay people's apprehensions that the dam would flood their areas and said that on the contrary, it would irrigate 300,000 acres in southern districts of the NWFP through a link canal that would increase crop yield and reduce poverty. "Trust me, I will never let you down," he held out the assurance.

Source: Dawn

 

[nana41]

Well do you really want to go there? Do you want to compare his performance to ganja ji and bibi ji who had bankrupted Pakistan before him.
Now we all know he had made mistakes which he himself has admitted( no other politician ever had the guts to admit mistakes). NRO was his biggest. Buy by far he was the best person available for the job. It is so easy to criticize someone, but when it all comes to your head, then the person realizes what a mess it is and how to get out of it.

50 reasons Pakistan needs Musharraf
By Syed Ali Raza Abidi Published: October 9, 2010

1. Nine world class engineering universities were developed and 18 public universities further developed.

2. Pakistan was ranked third in world banking profitability.

3. The IT industry was valued at around $2 billion, including $1 billion in exports and employed around 90,000 professionals.

4. The CNG sector attracted over $70 billion in investment in the past five years and created 45,000 jobs.

5. The telecommunications sector attracted around $10 billion in investments and created over 1.3 million jobs.

6. Industrial parks were set up throughout the country for the first time.

7. Mega projects such as the Saindak, Rekodiq, marble production, coal production, mining and quarrying were pursued.

8. Foreign reserves increased from $700 million to $17 billion.

9. The Karachi stock market went from 700 points to 15,000 points.

10. The literacy rate improved by 11 per cent.

11. Poverty decreased by 10 per cent.

12. Four dams were built: Mirani, Subakzai, Gomalzam, Khurram, and Tangi,

13. Seven motorways were completed or were under construction,

14. Gwadar, an advanced sea port, was developed,

15. 650 kilometres of coastal highways were constructed.

16. A historic 100% increase in tax collection (amounting to Rs1 trillion) was observed.

17. Large scale manufacturing was at a 30-year high, and construction at a 17-year high.

18. Copper and gold deposits were found in Chagai, worth about $600 million annually if sold.

19. A new oil refinery with the UAE that could process 300,000 oil barrels a day was established.

20. The industrial sector registered 26 per cent growth.

21. The economy was the third fastest growing economy after China and India .

22. The Institute of Space Technology was established.

23. Sardar Bahadur Khan Women University Quetta was established.

24. The University of Science and Technology, Bannu, was established.

25. The University of Hazara was founded.

26. The Malakand University in Chakdara was established.

27. The University of Gujrat was established

28. The Virtual University of Pakistan was established

29. Sarhad University of IT in Peshawar was established

30. The National Law University in Islamabad was established

31. The Media University in Islamabad was established

32. University of Education in Lahore was established

33. Lasbela University of Marine Sciences, Baluchistan, was established

34. Baluchistan University of IT & Management, Quetta (2002)

35. The Pakistan economy was worth $ 160 billion in 2007

36. GDP Purchasing Power Parity (PPP) was $ 475.5 billion in 2007

37. The GDP per Capita in 2007 was $ 1000

38. Revenue collection in 2007/08 was Rs1.002 billion

39. Exports in 2007were worth $18.5 billion

40. Textile exports in 2007 were worth $11.2 billion

41. Foreign direct investment in 2007 was $8.5 billion

42. Debt servicing in 2007 was 26 per cent of the GDP

43. The poverty level in 2007 was 24 per cent

44. The literacy rate in 2007 was 53 per cent

45. Pakistan development programs in 2007 were valued at Rs520 billion

46. The Karachi stock exchange in 2007 was $70 billion at 15,000 points

47. Exports in 2007: $18.5 billion

48. Pakistan now has a total of 245,682 educational institutions in all categories, including 164,579 in the public sector and 81,103 in the private sector, according to the National Education Census (NEC-2005).

49. There are now more than 5,000 Pakistanis doing PhDs in foreign countries on scholarship. 300 Pakistanis receive PhD degrees every year, in 1999, the number was just 20.

50. In total, 99,319 educational institutions increased in Musharraf’s era!

This was some of the good Musharraf delivered to Pakistan during his martially-democratic rule from 1999 to 2008. Strange how quickly we forget his foreign policy efforts, which helped elevate the image of Pakistan globally added acceptance value to our green passports. Even the Indians next door were ready to discuss Kashmir for a solution and praised the man for his sincerity, honesty and amicable handling of the issues.

Of course, he has the right to tell his opponents, “tameez say baat karo, warna munh toor jawab millayga” and it is true that most of them are keeping quiet since he said this in a recent interview with Express TV.

I feel he knows more than what he has already said so far, and may explode if not “handled with caution”. This goes for all the politicians cum armed forces of Pakistan. Hence, be careful everyone, the General is coming back as a civilian!

Source: The Express Tribune


The Role of Politics in Pakistan's Economy
Columbia University-USA
Ishrat Husain
Vol. 63, No. 1, Fall/Winter 2009

In October 1999, the incoming military government was faced with four main challenges: heavy external and domestic indebtedness; high fiscal deficit and low revenue generation capacity; rising poverty and unemployment; and a weak balance of payments with stagnant exports.
The country faced a serious external liquidity problem as its reserves were barely sufficient to buy three weeks of imports and could not possibly service its short-term debt obligations. Workers’ remittances decreased by $500 million, foreign investment flows dwindled by $600 million, official transfers turned negative and Pakistan had no access to private capital markets. In the domestic sector, the declining tax-to-GDP ratio and inflexible expenditure structure, whereby 80 percent of revenues were preempted to debt servicing and defense, constrained the government’s ability to increase the level of public investment.

Structural policy reforms combined with an improvement in economic governance laid the foundations for accelerated growth from 2002 to 2007.22 The economic growth rate averaged 7 percent, up from 3.1 percent in 2001 to 2002. Poverty was reduced by between 5 and 10 percentage points, depending upon the methodology used. The unemployment rate also fell from 8.4 percent to 6.5 percent and approximately 11.8 million new jobs were created between 1999 and 2008. Gross and net enrollment ratios at the primary school level recorded upward movement. The re-profiling of the stock of debt brought down the debt-to-GDP ratio from 100 percent to 55 percent. Foreign exchange reserves increased to cover six months’ imports from a few weeks’ imports. The fiscal deficit remained below or slightly above 4 percent of GDP. The investment rate grew to 23 percent of GDP and an estimated $14 billion of foreign private capital inflows financed many sectors of the economy. The exchange rate remained fairly stable throughout the period.

The experience I gained as an economic policymaker between 1999 and 2005 has fortified my belief in the validity of this proposition. Many far-reaching structural reforms were successfully carried out during this period, particularly in the initial three years. This was a period of relative political stability steered by technocrats, away from the civilians and the military.

Source: © Copyright 2013, Journal of International Affairs. All rights reserved.



Wednesday, October 12, 2011
Review of Musharraf's Era on 12th Anniversary of 1999 Coup

Musharraf's policies helped create 13 million new jobs, cut poverty in half and halved the country's total debt burden in the period from 2000 to 2007.

Musharraf Government's Accomplishments:

Thanks to the dynamic economy under President Musharraf's rule, Pakistan created more jobs, graduated more people from schools and colleges, built a larger middle class and lifted more people out of poverty as percentage of its population than India in the last decade. And Pakistan has done so in spite of the huge challenges posed by the war in Afghanistan and a very violent insurgency at home.

The above summary is based on volumes of recently released reports and data on job creation, education, middle class size, public hygiene, poverty and hunger over the last decade that offer new surprising insights into the lives of ordinary people in two South Asian countries. It adds to my previous post on this blog titled "India and Pakistan Contrasted in 2010".



The current PPP government summed up General Musharraf's accomplishments well when it signed a Memorandum of Understanding with the International Monetary Fund which said:

"Pakistan's economy witnessed a major economic transformation in the last decade. The country's real GDP increased from $60 billion to $170 billion, with per capita income rising from under $500 to over $1000 during 2000-07". It further acknowledged that "the volume of international trade increased from $20 billion to nearly $60 billion. The improved macroeconomic performance enabled Pakistan to re-enter the international capital markets in the mid-2000s. Large capital inflows financed the current account deficit and contributed to an increase in gross official reserves to $14.3 billion at end-June 2007. Buoyant output growth, low inflation, and the government's social policies contributed to a reduction in poverty and improvement in many social indicators". (see MEFP, November 20, 2008, Para 1)



Pre-Musharraf Decade:

Before the coup, Pakistan was approaching the end of what is now remembered as The Lost Decade of the 1990s when PPP's Benazir Bhutto and PML's Nawaz Sharif played musical chairs, while the economy stagnated and the people suffered.

Summing up the economic situation after the PPP-PML coalition took office in 2008, the Economist magazine in its June 12 issue summed it up as follows: "Before Mr Sharif was ousted in 1999, the two parties had presided over a decade of corruption and mismanagement. But since then, as the IMF remarked in a report in January, there has been a transformation. Pakistan attracted over $5 billion in foreign direct investment in the 2006-07 fiscal year, ten times the figure of 2000-01. The government's debt fell from 68% of GDP in 2003-04 to less than 55% in 2006-07, and its foreign-exchange reserves reached $16.4 billion as recently as in October." Please read "Pakistani Economy Returning to the Bad Old Days".






Criticisms of Musharraf Government:

Among the various criticisms of Musharraf's rule, there are two that particularly stand out:

1. Musharraf's Support For US War on Terror:

Musharraf has been heavily criticized for siding with the United States and angering the Taliban and their sympathizers who have been attacking and terrorizing Pakistani state and its people. As mightily as Pakistan has suffered at the hands of the Taliban and al Qaeda terrorists and their affiliates since 911, I do believe that Pakistanis would have been much worse off if Musharraf had not sided with the United States when asked after the worst terror attacks on US mainland. The consequences of refusal to help the US would have ranged from direct and massive NATO attack (probably with Indian help) on Pakistan to crippling sanctions and complete political and diplomatic isolation on the world stage.

2. Musharraf's Failure to Increase Energy Supply:

There was double digit annual growth in industrial production in Pakistan from 2000-2007, and the rising incomes and standards of living put pressure on energy supplies, particularly electricity. However, the situation was being managed to assure only short interruptions in supply to maintain and ration insufficient power generation capacity. For example, in June 2007, the power cuts in Pakistan lasted no more than 3 or 4 hours a day. Today, the situation is far worse with 10-12 hrs or more of load shedding every day, in spite of an stagnant economy.

It is becoming increasingly clear that it is the total absence of financial management, not just insufficient installed generating capacity, that is the crux of the worsening energy problems in Pakistan.

Riots have broken out as the Punjab, Pakistan's largest province, finds itself in the midst of the worst ever electricity crisis in the nation's history. The power shortfall has reached almost 9000 megawatts across the country, over half of the total demand of about 17000 MW.

Many public and private power producers have shut down their power plants due to the suspension of fuel supply by Pakistan State Oil, the state-owned oil company, according to a report in the Express Tribune. The oil company is demanding payment of Rs. 155 billion in outstanding dues from the power producers before resuming fuel supply.

Summary:

Musharraf era was the best era in terms of improving the lives of the ordinary folks in Pakistan since the Ayub-era in the 1960s. Strong economy helped create millions of new jobs and lifted millions out of poverty. Social indicators improved significantly and the the size of the middle class grew dramatically. So why is it that there are so many people who continue to condemn Musharraf?

I think Musharraf's critics can be divided in two categories:

1. Self-serving politicians and their supporters under their patronage who deny Musharraf's accomplishments because any admission of reality would be seen as a confession of their own incompetence.

2. Those who acknowledge Musharraf's economic legacy but would still prefer elected civilian government for ideological reasons. They are perfectly willing to sacrifice economic growth in the hope of hastening a better democratic future for Pakistan.


Source: South Asia Investor Review

Compiled by media cell of MQM recommended and appericiated by altaf chooran wala.

 

[Slayer786]

Compiled by media cell of MQM recommended and appericiated by altaf chooran wala.

LOl. Some people just cant accept the truth and when unable to refute it, make one line comments. Just shows the level of intellectuals that we have here as members, who when unable to argue or make a point across write some cheap remarks which really does not make any sense. But maybe the IQ level is so low, thats all we could get out of members like these anyway.

 

[nana41]

Slayer...were you in one of those drink and dance parties thrown by RANGEELA MUSH THE MACHO,got drunk and now dreaming as if you are living in MUSHILAND of milk and honey?.wake up and grow up.

 

[DANGER-ZONE]

No nuclear subs?? Or those 16 3K tons will be nuclear ones(SSNs)?? Lols

Magar
16 + 16 toh 32 Hota hai

Is banday se demag laraye ga to khud bhee pagal ho jaye ga .... Let him live in his dream world. 

LOL. This writer had no idea what condition Pakistan was when Sir Musharraf took over from Ganja ji. He should have researched the facts and then would have realized that ganja ji was deposed because he had made Pakistan bankrupt.
It was Sir Musharraf who had initiated all military programs to make Pakistan stronger and we are seeing the benefits today.

It was only Sur Musharaf who gave us WOT in bonus and we are seeing its benefits beyond next decade. What a strong Pakistan we have today just because of you, Salute to you Sur.

 

[Luftwaffe]

Is banday se demag laraye ga to khud bhee pagal ho jaye ga .... Let him live in his dream world. 


It was only Sur Musharaf who gave us WOT in bonus and we are seeing its benefits beyond next decade. What a strong Pakistan we have today just because of you, Salute to you Sur.

No WOT, Pakistan would have prospered, musharraf's stupidity is why we are suffering today.