To say that politician Musharraf gathered to form PML(Q) were worst corrupt in Pakistan history is not only ridiculous but it is not even possible when Mega-Mega corrupts like Nawaz, Shahbaz, BeNazir and Zardari, who are source of 99 percent of Pakistani political and financial corruption, were out of country and not in government of Musharraf.
Transparency International when assessed corruption in Pakistan, they assessed corruption in Pakistan during first 3 years of Musharrraf government as 3 percent (or 33 times less) compared to political government Musharraf inherited (that is Govt of NS and BB).
Anyhow, under the politicians that came after 3 years sole Musharraf government (PML-Q) whom Musharraf military team was monitoring throughout these politicians were government, corruption did increased but very little, as according to transparency international, corruption was almost double during this time compared to Musharraf first 3 years government, still when compared to NS and BB government, corruption was at least 16 times less during PMLQ government.
Pak Steel Mill was not privatised because corrupt politicians (NS, SS, BB and Z) bribed Iftikhar Chaudhary so to stop privatisation, so that when they get chance they could loot and plunder PSM, what they are doing these days. Iftikhar done everything and PSM was not privatised. Result, Pakistan taxpayer lost over 500 million dollars that Pakistan was getting for PSM … plus Pakistan is losing billions of dollars these days every year as today Pakistani tax payers are paying PSM to keep the mill running.
PTCL: Pakistani tax payer got $2.6 billion for PTCL privatization (that was $1.96 per share). So, price was at least 4 times more than market capitalization value of PTCL at the time … even when PTCL share price was at its peak at the time. On basis of historical value, $1.96 per share was at least 8 times more than PTCL market capitalization value.
[Note: When Mush government privatized PTCL, they valued 100 percent of PTCL around $10 billion dollars … today anyone can buy 100 percent of PTCL for less then $1.1 billion … as total PTCL shares are 5 billion, and today, price of each PTCL share is 21.5 cents … or Rs 18.35].
From the price Pakistan received, Pakistan could have started more than 5 telecom companies the size of PTCL in Pakistan. Even today, if Pakistan wants to, they can re-buy all PTCL shares Pakistan privatized in 2005 as it would cost $275 million (compared to $2600 million Pakistan received in 2005 for same shares … that is 26 percent of PTCL).
Pakistan tax payer received $2600 million for 26 percent of PTCL in 2005 (that is the percentage of PTCL Mush government sold … 1.3 billion shares out of 5 billion total PTCL shares) … and today Pakistan can buy each and every PTCL share Pakistan sold in 2005 for $275 million … as today PTCL share price is $0.215 cents or Rs 18 per share compared to $1.96 Pakistan received for each PTCL shares Pakistan sold in 2005, even though PTCL is giving much better service today than service it was giving in government hands. So, if Musharraf privatization was wrong then why Pakistan do not buy PTCL back?
KESC was bad sale even though Pakistan tax payers received much more than what it was worth at the time … still, if Pakistani tax payers wants to get KESC back, Pakistan can re-buy KESC at price much less than what Pakistani tax payers received when they sold KESC.
Musharraf period was not corrupt period of NS, BB or Zardari … So … to say that privatization during Musharraf government was selling companies cheap then that is a big BS. Rather, in most cases, Pakistani tax payer got much more for companies what it was worth.
What billions? Pakistan received total aid/grants during Musharraf government in 9 years rule was around 3 billion dollars (that includes money Pakistan received for earthquake). Around 2 billion of that was loan write off (by USA). Pakistan also received around 6 billion dollars as reimbursement and even though corrupt politicians as well as some Americans want to call it aid, it was not. Anyhow, that money was spent on war on rebuilding Pakistani forces (something Americans did not liked) and on War-on-terror expenses. So, nothing went waste.
You mean his raising hand in gathering in response to bhangra dance on roads by corrupt Iftikhar army of Monkeys so that Iftikhar should not get investigated by ‘Judges of Supreme Judicial Council’ for his corruption, nepotism and misconduct?
Musharraf did not bring or imposed Zardari on Awam. Musharraf issued NRO because corrupt and Jahil Awam of Pakistan wanted to see their ‘corrupt and Liars’ back in politics so that they can elect them into power (akhir corrupt corrupt ko hee pasand kartay hain and that is what Pakistani awam done).
With NRO, Musharraf gave corrupt and Jahil Awam of Pakistan a chance to think and discard corrupts and thugs with their votes … but Corrupt and Jahil awam honoured that chance with their voting corrupt thugs again. To blame Musharraf for Awam’s love of corruption and nepotism is not only unjust but Lies and corruption itself.
Beleive me, most of my friends who are in Pakistan government service or in Pakistani politics … all of them are having enjoyable time once demoncrazies are back … do not want Musharraf back as according to them they were having hard time when Musharraf was in power, as they were forced to live on halal kee kamayee 