1999-2007 Musharaf's Golden Economy

[AZADPAKISTAN2009]

I consider him a hero for making correct alliances at right time
The strategic value in his decision was crystal clear and a diamond choice

Because from Pakistan's perspective the elements in Afghanistan were causing a problem at global scale

For Pakistan , the worry was never about any Wrath as no one from Pakistan were involved in any capacity but in general in a bull is angry sometimes it even hits a bystander as they say

I strongly think had he lead the government office for full 20 years

1999-2018 , I am sure Pakistan now would be one on verge of being a developed nation

The Lost years between 2008-2018 , a full 10 year period

 

[Fledgingwings]

Shaukat Aziz introduced the 5000 rupee note which meant rupee is getting lighter and it did and kept on......Musharraf brought this financial wizard

 

[AZADPAKISTAN2009]

1 Dollar = 55 Rupee is all I will say for good 10 year almost

 

[Indus Pakistan]

Musharaf saved pakistan from America's wrath after 9/11. that alone negates all his other shortcomings.

If selling your a*ss is saving ~ then bravo.

 

[nahtanbob]

If selling your a*ss is saving ~ then bravo.

the way i see it you lived to fight another day

 

[Nilgiri]

1999 - 2007 (or any era), the most telling number is this:

https://data.worldbank.org/indicator/NE.GDI.FTOT.ZS?end=2017&locations=PK&start=1960&view=chart

Sorry but that is game, set, match right there (for reliance/vulnerability on cycles of perpetual foreign loan/aid + oligarch sleaze laundering) if you dont sustain (as developing country) in at least the 25%+ region...and preferably 30%+ in the years that are supposed to be the best window/era (to tide over any later years where it wont be so good).

Every % you increase in that has multiplier effect on the bargaining power more regular people have (past the oligarchs) especially long term....because it means that much more has been fixed/anchored (above surface rather than murky sleazy crap underneath) and people (at all levels from top to bottom) need to perform in the free market to make it work and grow more.

As you can see there was no real difference in those numbers overall for musharraf regime years....means nothing concrete done to really structurally change Pakistan economy.

You see the lingering effects of it to this day....just like all other govts/admins inaction/status quo (on major reforms) before.

 

[Cmdr Keen]

More like free money from the west

 

[Samlee]

Yes A Lot of Good Things Happened But The Development Was Not Sustainable.The Money That Came During That Time Should Have Been Invested In The Infraastructure and Industry of The Country and Also Privatization of NRL PTCL KESC Were Wrong These Are Strategic Organizations and Should Have Stayed in State Hands.

Having Said That Steel Mill Was Making A Truckload of Money And PIA Was Doing Much Better But The Consumer Financing Model Was Wrong He Should Have Followed The China Manufacture and Export Model That Would Have Been Much Better

 

[Nilgiri]

1999-2018 , I am sure Pakistan now would be one on verge of being a developed nation

heh....you are frankly so silly its kind of sad. Just like that....a magic wand leader will fix the institutional and structural problems that beset Pakistan economy....and in a decade or two...boom "verge of developed".

Did you look at the investment graph I just put earlier? China has had to keep the rate above 30% and even 40% consistently for coming to nearly 50 years now...to even get to middle income area it is now. When was the last year it was below 20% like Pakistan prefers to operate consistently at?....sometime in the 60s.

You actually need people who do productive work rather than bicker and squabble about which leader was bad and which one was a miracle blah blah....and then vote same old same old anyway...or if not allowed to vote....accept same old same old meekly.

This leader bogeyman/saviour complex and politics fake drama has to go.... people in the appropriate areas actually have to care about making good investments (into at least themselves if they have no money for others)...and judge by results and take action (against those promising to deliver them) if the results are not good.

You get out what you put in as a people. If you dont like what you getting out, fix what you are putting in and those responsible for it .... instead of making dumb excuses/scapegoats with no actual knowledge and data on what you are talking about. You just stay part of the problem, rather than fix it. Pakistan need to accept there is no magic wand, and start fixing its non-political (but important) functioning institutions.

 

[Sal12]

Musharaf was far better than Nawaz Sharif, Zardari.

 

[The Diplomat]

The other thing ignored by his acolytes is. If Musharaf could take over the country in 1999 because of his own sacking and the airline drama why did not not take over the country when Kargil was unfloding. Mush blamed Nawaz for that cock up. Question I would like to ask him when Nawaz appeared to be messing up Kargil why did he simply not take over the country then and fight like our poor jawans did [defeat India] atop the Kargil heights for nothing?

Are you saying that if he really wanted to impose marshal law then he should have done it during Kargail? That would have been suicide. The state would have appeared weak, our troops moral would have fallen and could have led to more wounds. While Kargail was not a loss, it was badly handled diplomatically. We had the upper hand however Sharif decided to run to the US and came under pressure to withdraw troops. No problem (not that I agree) but at least get India to sign a ceasefire... How stupid do you have to be? (Nawaz's fault).

Let reality sink in, Musharaf was decent for the first half and was like any other leader (in Pakistan) for the second half. First half saw macro indicators improve; aggregate demand increased due to increased consumption, investment, government spending and higher exports. The Dollar was stable and the country was going up towards prosperity. I'd personally call it the second best period after Ayub.

Second half wasn't that good, he started to enjoy power a bit too much, made stupid decisions such as the state of emergency, issued an NRO which resulted in corrupt people like Benazir Bhutto and Nawaz Sharif being allowed to hold public office again.

 

[AZADPAKISTAN2009]

More like free money from the west

Goods were sold over , it was not for free gifts, every thing included a service or cooperation

 

[The Diplomat]

More like free money from the west

Money for services rendered. Our base and supply lines were not free. You can call it aid to make it sound better but we know the real reason why the money was trickling down.

 

[Crusher]

Are you saying that if he really wanted to impose marshal law then he should have done it during Kargail? That would have been suicide. The state would have appeared weak, our troops moral would have fallen and could have led to more wounds. While Kargail was not a loss, it was badly handled diplomatically. We had the upper hand however Sharif decided to run to the US and came under pressure to withdraw troops. No problem (not that I agree) but at least get India to sign a ceasefire... How stupid do you have to be? (Nawaz's fault).

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

Why was mushi begging to the same india and its wajpai to have "peace" with him and offering "complete withdrawl" of the support to kashmiri armed stuggel in early 2000s when he was waging "kargil" against same wajpai in 1999. How was india of early 2000s any different than india of 1999 when he did kargil against india.

 

[The Diplomat]

Why was mushi begging to the same india and its wajpai to have "peace" with him and offering "complete withdrawl" of the support to kashmiri armed stuggel in early 2000s when he was waging "kargil" against same wajpai in 1999. How did india of early 2000s any different than india of 1999 when he did kargil against india.

It's easy to say that when you don't know reality. The fact is Pakistan and India were close to agreeing on the Chenab formula. Don't be delusional, we can never take the whole of Kashmir from India (just like they can't take the whole of Kashmir from us). Kashmir issue can only be sorted through diplomacy, it is the closest we have ever got to agreeing on Kashmir.

Do you want war or peace? I know I want peace. Nothing wrong in having good relations with your neighbour. Germany and France were once the worst enemies, now they are best friends... Why not India & Pakistan?