=vish;163081]Ive stated earlier that yes there has been economic development under Musharraf; what you fail to see are the reasons behind this growth. If no 9/11 would have happened, the picture would have been very different, regardless of the government (civilian/military). If there would have been no coup and 9/11 would have happened, things, in all likelihood, might have been the same.
I'll give you detail replies later. I'm in hurry today.
The statistics that I pasted earlier showed that our economy started signs of revival
BEFORE 9/11.
Also, the extend and measurement should be seen, as to how much 9/11 enabled or helped us?? We cannot give away the credit of macro-economic policies and honesty and liberization of laws to 9/11.
I have many links and I'll share soon.
After 9/11 accoring to State bank governor Dr Ishrat Hussein, $25 billion did arise. But, now we are far cry from 9/11 support. Our economy has established its base and we need honest leader to groom it further. Democracy will not help, as our s leaders are inept and corrupt!
Our economy boomed from $75 billion to $160 billion. So, $25 billion that was fast money (windfall of 9/11) does not matter!
An excellent article by DR Ashfaque Hassan:
http://www.finance.gov.pk/articles/economic turnaround and Shaukat Aziz.pdf
Every country has corrupt and inept leaders; Pakistan is no exception. Your military leaders are no less corrupt.
This is wrong assumption. There may be few exceptions, but over-all they are very well disciplined and free from corruption.
Was this line, Maybe you are willing to give away your country to corrupt rulers, but not us necessary?
Sorry for sentence. But, you may advocate democracy for yourself, as you are free of Feudalism. We have so-called demoncrats who are feudals & inherited democracy through MONARCHY.
We don't want demoncrazy! We wnt honest DELIVERING leaders!
Im aware of everything you have said. Ill still maintain democracy is the only way forward for Pakistan because it is relatively easier to oust a politician by non-military means. Im not a big fan of NS or BB either; Im a big fan of democracy. Democracy has a crude birth and then undergoes maturity.
I've lived in coutries where there are kings and no democracy. Yet, there is much peace, living standards high, law & order, basic health & infrastructure facilites etc.
I don't care, from where our leaders come from. Democracy, theoracracy, bureacracy, military or kingship. Hell or HEaven! They should DELIVER for Public's betterment!
I agree thoroughly; there is no need to apologize. Some of those operations may be RAWs work. These things are done by every country. ISI wasnt discrete enough and went overboard.
Yes, they all do the same. But there are evidences that RAW has establised several consulates on NWFP border.
I need a link on this. Even if this is so, one cannot say that those 140 million Pakistanis want the military rule to stay.
Then why is it said vice-versa? The majority may not want military leaders, but we need leaders who are DELIVERING and we want Musharraf!
According to the statistics of the Election Commission:
The PML-Q and its allies: 10,844,233 votes.
The PPP-P: 10,055,491 votes.
PML-N: 6,240,343 votes.
PML-Q and allies received 40 per cent of votes.
PPP-P: 37 per cent.
PML-N: 23 per cent
Total votes cast: 27.14 million.
http://www.ecp.gov.pk/NAPosition.pdf
On a one-on-one basis between the three major contenders, the votes received were:
PPP-P: 10.3 million,
PML-Q: 7.6 million,
PML-N: 6.67 million.
An inconvenient truth
Pakistans economic condition deteriorated due to the multiple and various sanctions imposed on it since the collapse of the USSR. The nuclear tests aggravated this situation. 9/11 lead to a complete reversal in Pakistans economic fortunes.
This is wrong. The sacntions were there only for 6 months. From May 1998 (nuclear blasts) to October 1998. In Novermebr, when NAwaz went to meet Clinton, they were removed. I.M.F. Agrees to Resume Pakistan Aid, Cut Off After Atom Tests
I.M.F. Agrees to Resume Pakistan Aid, Cut Off After Atom Tests - New York Times
CIA Factbook quotes and also State Bank, that we were receiving annual $2 billion aid and help. Our leaders were MIS-SPENDING and accumulating their wealth abroad.
I would like a source on this. I do agree that NS ruined Pakistan's economy.
How can we give away our country to inept rulers? Nawaz Sharif corruption:
1-
http://www.jang.com.pk/thenews/dec2000-daily/11-12-2000/main/main1.htm
2-http://www.geocities.com/CapitolHill/Lobby/2423/20.html
3-
http://www.dawn.com/2000/text/top4.htm
4-
PML-Q issues white paper against Nawaz -DAWN - National; February 13, 2008
5-
Behind the Chairmans Door | How to Destabilize a Country
6-
http://www.millat.com/ghalibcom/events/nawaz exile/80_cases_pending_against_nawaz_b.htm
7-
Pakistan: Now Testy Times
Nawaz Sahrif Economic blunders and Economy at that time:
Other observations: The external debt and liabilities (EDL) in ratio to Foreign Exchange earnings were:
1999 - 347%
2000 297.2%
2006 137%
2007 122.5%
External debt & liabilities (EDL):
1988 - $ 18 billion
1990 - $ 20 billion
1999 - $ 39 billion
2007 - $ 40.17 billion
Daily Times - Leading News Resource of Pakistan
Pakistans Debt Position and the Question of Debt Retirement 1999/2000
Jubilee Research: PAKISTANS DEBT POSITION AND THE QUESTION OF DEBT RETIREMENT
Do not assess the performance of an economy by its stock market. The fall in foreign reserves is due to political instability; this was expected as a remarkable transition was taking place. Mind you the dollars that flew outwards were easy money; easy come, easy go. The rupee devaluation is again due to the same reasons. Inflation is high across the globe. Its effects have been particularly harsh in Pakistan because of multiple factors. Musharrafs government would face the same flak.
Musharraf kept that political stability from 1999 to March 2007. After this lawyers movement our country did see decline in investments and economy. But, after elections and this decline is going further.
The difference what you don't realise is that although international factors do effect economies aroond the world, yet the intentions of leaders are first most important. If we have stupid finance ministers who say in USA that the economic figures are false.... what should be the effect???
1- Stock market fell by 1000 poinst on simple rumors that Musharraf has been sidelined, twice.
2- Rupee devalued is not a simple situation. PML-Q kept it at Rs60 per dollar for 6 years.
3-This easy come and easy go ... should be stopped by policies and investment friendly incentives. If our Politiciains fail to do this, what GOD given NOC do they have to stay at powers helm? Quit!
4- Few months before, USA recession caused world Stock markets to fall by 4% to 12%, including Indian markets. Yet KHI Stock fell only by 2%. Now its fallen by above 10%.
Why the smiley here, Foreign investment of $12 billion flew away to Dubai and India (happy)
? I told you, this is FII money; easy come, easy go.
So you mean to imply that "there should be NO EFFORTS to STOP it"???? And, our politicians should dance around happy go??? They have no sense of duty to care for economy???
KSE fell due to political instability, due to which FIIs started cashing out on their gains.
Our politicians should either reconcile, or remove Musharraf with 2/3, or just shut up and work for economy!
Political instability should NOT be used as an excuse to let these criminals PPP & PML-N run scot free!
These IDIOTS have been elected by your countrymen who do not think these individuals are IDIOTS. If you disagree with them then show it in a political manner. The reason you are wanting for a military rule is that your candidate lost. Nobody is stopping Musharraf from forming his own political party.
No! I' support PML-Q for Musharraf. Otherwsie, they're all the same, more or less.
These elections were rigged. Musharraf himself went on TV and apologized to the nation for irregularities.
T
Wasn;t it his greatness??? Courage no one else has!
The election results would have been vastly different had BB and NS been allowed to contest the elections. This clearly shows the lopsidedness of this election, senate, and National Assembly. If the countrys largest political parties are quarantined from contesting the elections, how are the elections democratic?
Sorry, but Nawaz has been declared incompetent to hold public office for 20 years, by our Supreme Court. Should one respect Supreme Court decision?
Why else do you think he needs a JUDGE iftikar chaudhry to get himself cleared of cases and this 20 year BAN??
Did this senate and parliament show any respect for the Pakistani people or their wishes?
Are you advocating for Nawaz & Zardari or for democratic instituions??
If the senate and assembly 2/3 majority supports Musharraf..... it is not acceptable to you?
But if this same senate and assembly support PPP and Nawaz .... you accept it??
Musharraf was elected by 2/3 majority with Public wishes in 2002 and 2007. If these recent elections did not favor Musharraf, it doesn;t matter. Who-ever has the majority is free to rule.
In 2002, Nawaz got only 16 NA seats but now he got 60 NA seats. People voted as they were mis-guided by MEDIA against Musharraf.
But, once this inflation goes up and jobs creation stopped and non public utilities cared for.... poeple will realsie their mistakes!