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Musharraf says ‘not responsible for economic crisis’

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Musharraf says ‘not responsible for economic crisis’

Updated at: 1830 PST, Wednesday, June 18, 2008

RAWALPINDI: President Pervez Musharraf, Wednesday said he is not responsible for the economic crisis presently confronting the country.

Talking to senior journalists and columnists here, he said the previous government may be held responsible for the economic downturn.:whistle:

“My policies and steps be viewed in the backdrop of circumstances that existed in the country at critical point in time in the past,” President Musharraf maintained.

He said the democracy is under no threat and that “why would I want to rip the sapling that I myself planted.”

“No conspiracy is being hatched from the Presidency,” he added.

Source from The News
 
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Musharraf says ‘not responsible for economic crisis’

Updated at: 1830 PST, Wednesday, June 18, 2008

RAWALPINDI: President Pervez Musharraf, Wednesday said he is not responsible for the economic crisis presently confronting the country.

Talking to senior journalists and columnists here, he said the previous government may be held responsible for the economic downturn.:whistle:

“My policies and steps be viewed in the backdrop of circumstances that existed in the country at critical point in time in the past,” President Musharraf maintained.

He said the democracy is under no threat and that “why would I want to rip the sapling that I myself planted.”

“No conspiracy is being hatched from the Presidency,” he added.

I think there is a lot of politicking going on around the economy. Traditionally it has been the routinge of governments in power to blame the previous governments for the present mess the present government is in. I think it seems tha5t PPP is cliueless as to how to sort this mess out. There are certain events which no one is responsible for or could have predicted. But we need strong governance and gilani can not provide it acting as Zardaris agent. He either needs to stamp his own personality and style on the government or step down and let Zardari hold on to the boat. But he cant do neither. That would be disasterous. Also there have been problems that have been inherited from Musharrafs time although all said and done the situation is wotrse than it was before.
Araz
 
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Shaukat Aziz ’scared’ to come back and defend his policies: Musharraf

ISLAMABAD: President Pervez Musharraf has said that he had invited former Prime Minister Shaukat Aziz thrice to come back to the country and defend his much criticised economic policies, however he refused and said that he fears for his life.

The president expressed these views in a meeting with senior columnist Javed Chaudhry the other day at the President House, private TV channel reported.

The president disclosed, in response to a question posed by the columnist that had he ever invited the former PM to come and defend allegations against him, that he had invited the former premier to come back and defend his 8 year economic polices but he is ’scared’ to return and has refused his offer and said that he will not return until he has been given concrete guarantees and he fears that his life would be threatened if he returns.

The former premier thinks that the current government of PPP might put his name on the Exit Control List after which he would be left ’dumped’ in Pakistan, the president told.

The president told that Shaukat Aziz also fears for his life as his political opponents are associating his name with the Lal Masjid Saga and the Balochistan operation. He feels that when he was the Prime Minister a lot of law enforcing agencies were responsible for ensuring his protection but now when he would return the government would not provide him any security cover.

When asked why he feels that Shaukat Aziz should return, the president said that he feels the former PM should return and defend his policies as lot of fingers are pointing at him and should not be scared and have trust on Allah who is the protector of all.

However the president refused to comment when asked if Shaukat Aziz could be summoned back forcibly.

When asked wouldn’t the government provide Shaukat Aziz a security cover since he was the former PM the president said, "why not. When the tenure of this government ended Shaukat Aziz remained in Karachi for a while without any PM security cover and nothing happened to him no attacks were made and I don’t think now anything would happen to him either, so there is no harm in coming back".

Meanwhile the columnist after meeting the President contacted his sources on the possible return of the former PM and it was disclosed that Shaukat Aziz has put in middle some of his close friends to ensure guarantee from the government that if he returns his name would not be placed on the ECL and he would be given a full security, the channel reported.

ONLINE - International News Network
 
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Aziz blames caretakers for most economic woes

By M. Ziauddin

LONDON, June 4: Nawaz Sharif will soon pull the plug on Asif Ali Zardari and force a fresh election which he will sweep, paving the way for a two-party system to emerge with the PML-N in the government and the PPP in the opposition, predicted former prime minister Shaukat Aziz, sounding more like an ordinary bystander to the current goings on in Pakistan rather than one who only a few months back had served as a military dictator’s ‘democratic’ face.

In any case, he said while talking to Dawn on a range of subjects that President Pervez Musharraf was the glue that was keeping Sharif and Zardari together and “as soon as the fastener comes off loose, the two will go their separate ways”.

He looked visibly disappointed when told that he had got it all wrong as according to sources close to the two parties, Zardari and Sharif were sticking together because they did not want to face another elections so soon with all the major players opposed to them still in power.

He did not agree with the suggestion that the two parties would bend over backwards to complete the tenure and use the time first to get power transferred from the presidency to parliament and then to strengthen the constitution.

He implied that the two governments, the federal and the Punjab, have started indulging in what the two parties used to do by way of financial shenanigans when they were taking turns in Islamabad in the decade of 1990s.

He also implied with innuendoes that during his recent visits to the US he had found the administration there to be wary of both Asif and Nawaz and that the stock of Musharraf and the new COAS, General Kayani, very high, “especially that of General Kayani.”

Mr Aziz described the post-election Pakistan as a rudderless ship which he said needed a firm hand to steer it clear of troubled waters.

He blamed the interim government of Mohammedmian Soomro for most of the economic problems that the elected government was facing today.

When asked how could the new government cope with the high world fuel and food prices, he had no ready answers.

As usual he took callous credit for the power shortages, claiming that the shortages reflected the ‘economic boom’ that he as the finance minister had brought about.

When asked for his response to former law minister Wasi Zafar’s claim that he was not taken into confidence about the reference against the chief justice, Mr Aziz dismissed his former cabinet colleague as someone not worth wasting his breath on. He, however, claimed that it was he and General Hamid Javed who had warned Musharraf that CJ Iftikhar Mohammad Chaudhry would not take his dismissal lying down.

When reminded about Musharraf’s claim that he had only forwarded the reference sent to him by the prime minister, Mr Aziz sidestepped the question but said rather meaningfully that the president was known for standing by his friends.

Giving a self-serving spin to the allegations levelled against him by General Qayyum of the Pakistan Steel Mills and General Jamshed Kyani of the Federal Public Service Commission, Mr Aziz said he had put these two generals, who were trying to browbeat him with their army connections, in their place.

According to him, General Qayyum wanted the PM to allow him to open the L/C for taking in hand the expansion process of the Pakistan Steel Mills. “You know what that means,” he said, alleging corruption on the part of the former Pakistan Steel Mills chairman without actually levelling the charge in so many words.

“We had already decided to privatise the mills so there was no logic in starting the process of expansion before privatisation,” he said reinforcing his argument.

He said the Federal Public Service Commission was only a recommending agency and the prime minister was not constitutionally obliged to accept all its recommendations.

He disassociated himself from the Lal Masjid bloodbath saying: “It was completely a military operation.”

He agreed that the PML-Q was not a political party but a group of opportunists and said that he had to be on guard all the time because his own party

was out to pull the rug from under his feet at the slightest of excuse, “and there were as many as 12 potential prime ministers all jostling all the time to push me over”.

Aziz blames caretakers for most economic woes -DAWN - Top Stories; June 05, 2008
 
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forget shaukat bring back dar he will sort it all out

The blunders that Aziz did are hurting Pakistan, Pakistani rupee is worthless at the moment, and the Q party members are pointing at each other, and now Musharraf who was criticized by the media for supporting this Blunder denies it,:lol: and is saying that Aziz is accountable for these blunder, and he should come back to Pakistan and explain. People are commiting suicide, I dont take this lightly now, thats for sure.
 
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for those who stick their heads in the sand, ignoring the ground realities and what is really happening in pakistan...

14 percent decline in FDI
RIZWAN BHATTI

KARACHI (June 18 2008): Foreign direct investment (FDI) during the current fiscal year declined by 14 percent mainly due to uncertainty on political front and continued demonstrations in the country.

Despite the fact that a political government has been set up in the country, the confidence of foreign investors in Pakistan's economy has not revived and they are still reluctant to invest in Pakistan due to continued demonstrations, especially by lawyers, across the country and political battle, analysts said. They said that although the investors want to invest in Pakistan, they believe that the change in the political set up would hurt their investment.

State Bank of Pakistan (SBP) data on Tuesday showed that net foreign investment (including FDI and portfolio investment) declined by 37.2 percent, to $3.943 billion during eleven months of current fiscal year in slow portfolio inflows due to political uncertainty in the country.

Net foreign investment during the July-May of last fiscal year 2006-07 was $6.28 billion. Out of net foreign investment, FDI declined by 14.1 percent, or $639 million during July-May of 2007-08. After current decline, overall FDI stood at $3.881 billion against $4.520 billion in same period of last fiscal year.

Analysts said that besides FDI, portfolio investment also declined by 96.5 percent, to $62.2 million against $1.760 billion of corresponding period of last fiscal year. "Although overall FDI depict some declined during the current fiscal year, the present statistics are very encouraging and despite the political battle foreign investors are investing in the Pakistan," said an economist.

He said that portfolio investment is also recovering, and current statistics are proof that the country's economic fundamentals are strong and have ability to attract foreign investors despite last one year's uncertainty. "It is clear that during the current fiscal year the country's net foreign investment would be less than last year. However, we are expecting that in the next fiscal year investment would boost," he added.

Business Recorder [Pakistan's First Financial Daily]
 
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It is always interesting to find that when seized by a problem, people try to find solace in starting a blame game.

Normally, it is the US to blame for all the woes of Pakistan and now, it appears Shaukat's time has come.

When Musharraf goes, then he too will be heaped with blame and may also be made responsible for things well before his time.

Has anyone stopped to think that the real problem started with the rampant corruption and abuse of power by the very people who are now running the govt or supporting from outside.

Why are they being allowed to even be in Parliament when they have looted the country?

How have they suddenly become angels?


At least in Shaukat's time the economy looked up!
 
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Shoukat aziz has applied "CUT AND RUN POLICY" and i dont think he will come back to defend the charges against him, Who in Pak can be neutral enough to decide and get back the looted money, CJ that was against the policies is already thrown out of the court by his highness king mushy and co, Where was musharaf when all this was happening under his very nose? This is all Bull$hit................. as i always say we are a sold out nation, no one is thinking of the country and country men just CUT AND RUN
 
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It is always interesting to find that when seized by a problem, people try to find solace in starting a blame game.

Normally, it is the US to blame for all the woes of Pakistan and now, it appears Shaukat's time has come.

When Musharraf goes, then he too will be heaped with blame and may also be made responsible for things well before his time.

Has anyone stopped to think that the real problem started with the rampant corruption and abuse of power by the very people who are now running the govt or supporting from outside.

Why are they being allowed to even be in Parliament when they have looted the country?

How have they suddenly become angels?


At least in Shaukat's time the economy looked up!
When Musharraf is gone he will again become a hero.
 
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So many headlines but Presidential spokesman totally denied about this interview or any comments from President about Shaukat Aziz, Another circus from Geo group.
 
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Can any of the supporters of Shopper Aziz please tell us where exactly he got his hands on the $16 billion in foreign exchange reserves, who owns/owned those reserves(which are about $10 billion now) because the people who praise him always point to the $16 billion as the crowning achievement of this economic jadugar so please tell us where that money was conjured up from!
 
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Can any of the supporters of Shopper Aziz please tell us where exactly he got his hands on the $16 billion in foreign exchange reserves, who owns/owned those reserves(which are about $10 billion now) because the people who praise him always point to the $16 billion as the crowning achievement of this economic jadugar so please tell us where that money was conjured up from!

They came from the aid we recieved from the war. Shopper Aziz as you called him was and is far better then these robbers and goons who have replaced him.
 
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I remember Musharraf that the economy was bad under Musharraf. He is to blame. Food was not as expensive before him, he just want to come back home and rule Pakistan so he can make a bit more money.
 
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