funny logic!
why cant this govt can do the same thing?
what was the fedrl reserves at the time musharaf rule, & what is the current condition of our fedr reserves now?
no you cant bring just
prapoganda to counter the reality!
Because this government no longer has the conditions to do the same, You see attempts by them to rate the economy higher through consumerism.. hasnt worked..mostly because of immense corruption throughout.
Musharraf's initial three years under those technocrats were a godsend.. those people were able to extract the maximum out of the market through allowing local business to thrive. The telecom and media boom also helped, investments poured in..borrowing from banks became easier,the US also relaxed restrictions.. and gave aid...oil was heavily subsidized.. and people went crazy buying...and local traders thrived.. Karachi was on its way to be the next Dubai.. except one built on trade and consumerism.
However, comes the global recession, terror attacks.. and all the trade, investment..dried up.. with no industry or infrastructure to fall back on.. the economy starts crumbling.. People like Shortcut sb took their slice and ran.. and the Dictator found himself without any friends... Follow this up with a government headed by a man already famous years before as mr ten percent(for go knows what reason its even a fair comparison) and the finances of the state were bound to go down.
If it was all due to the general's brilliance.. this economy would have survived by the end of his rule.. which it did not.
Consumerism has its end, people cant just spend money buying stuff from abroad...and even local consumerism has its limits.
Musharraf worked no miracle.. his technocrats did.. and that too was a fools paradise.
Musharraf could have done the Kalabagh dam and accepted a bit of risk to his seat.. but no.. his seat was prime in his head.
He could have stopped people from spending millions on a fountain in karachi whose parts are regularly stolen and instead spent on a desalinization plant or power plant.. but no...he wanted to show off.
He could have spend the millions he threw on that ugly thing called the Pakistan monument .. but no.. he wanted a statement.
War's are not cheap, Musharraf had no need to build monuments.. or fountains.. or allow the encouragement of a consumer based economy when most of the land and people were being ignored in this development apart from urban center's.
All that happened was that some middle class moved higher.. while others joined the poor.
Hence, His rule is little different from Ayub Khan's economic boom.. all fueled by USAID funds..where he had his 22 families who were the so called base of his "surging" economy claim.. Musharraf has his urban consumerism(and many more elite)..
India on the other hand.. has actual growth for us to see.. actual integration despite many more ethnicity than just five or six warring ones like us. Compare Musharraf to something like that then...instead of a corrupt government we all know about.
Btw.. how did Musharraf afford a flat in Kensington , Even as a General in the Pakistan Army who are well off... Kensington flat prices start at £1.5 million(five years ago)..and the place where he has it is much higher.
I suppose he could just get that Farmhouse on the best land in Islamabad if he sold all the land and investment made during his tenure in the Army.. but the flat??
Im not implying that he made his millions(along with Shaukat Aziz) by manipulating the local stock market but really.. He must have made some really good investments to be able to afford such a place... After all.. Zardari has a lot of places like that.. but then we know he is corrupt and 10% and what not..
How did Musharraf do that? He is an Army officer.. and they are never corrupt(blasphemy).