Musharraf returns

Re: Musharraf returns

bcoz He was not in the full power and command :@:

ye to zahiri si baat hai... sabko pata hai

Re: Musharraf returns

What is baqa to do with PSM? PSM is just a business venture, no importance to National security or interest.

As for Naeem Bukhari letter, was allegation right or wrong cannot be speculated. That is why Musharraf asked SJC to investigate. But the question arises that if allegation was wrong, then why SC stopped SJC from investigating Iftikhar?

Actually, nature of allegations were such that to confirm them needed no PhD, and it is obvious that if allegations were wrong then government would not have even sent reference to SJC, as all was easy to see in black and white ... but SC stopping investigation made it more obvious that Allegations were all true and SC saved skin of Iftikhar and tried their best to cover Iftikhar corruption.

Re: Musharraf returns

Pyare bhai take it easy... kya aap apne is mulk ki cheez kisi ko farokht kerna pasand kareinge hamesha ke liye ??... I just want to know this... :)

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You are right. All know that Iftikhar was corrupt and he is still corrupt. His undercover man is Arsalan, through whom he get his 'Haddi'. Recently also, Malik Riaz paid him Haddi through Arsalan, and all know that ... but corrupt judiciary under corrupt judge Iftikhar suppressed the case of Arsalan.

Re: Musharraf returns

what you mean by hamesha ke liye? ... Land sold in Pakistan are mostly leased land for 100 years, that is all, and same is with Steel Mill and land Steel Mill is on. As for anyone paying $500 million for the business would have made sure to make it profitable, that would have helped Pakistan.

On the other hand, what money Pakistan was getting and whatever Pakistan would have saved from privatising Steel Mill, Pakistan could have made another much better and bigger Steel Mill.

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ummmmm but mujhe nahi lagta wo Pakistan ko milna tha pesa ya business me kharch hona tha... khair thik hai Bhai.

Re: Musharraf returns

Chalo, yea aap kee sonch hay. Waisay aap recorded truth ko tou nahi jhotla saktay?

Today Musharraf is not in power, so go and check Pakistan financial condition during Musharraf time and you will know that if corruption was going on then such condition was impossible. For instance:

In 1999 Pakistan foreign loan was ~$40 billion ... same as what it was in 2007 (rather, in 2007 foreign loan was lower), and that happened even when Pakistan kept paying interest on that loan (around 2 to 3 billion dollars a year). Akhir yea saab paisa kahaan say ayea?

Pakistan internal debt only increased nominally, rather Pakistan paid twice as much in interest than debt increased, so where the money came from if corruption was rife?

Pakistan dollar rate stayed constant throughout Musharraf period ... so if there was corruption they why ruppee was stable?

and yea, do not say that USA was giving Pakistan lot of money, as overall Pakistan got $10 billion (or less) from USA, and in that money most was reimbursement of money Pakistan that USA agreed. As for aid or grant, Pakistan got no more than few billion dollars (or less than 10 percent of interest Pakistan paid on foreign debt from 1999 to 2008).

So, if there was corruption than there would not have been so much money left for Pakistan to pay interest on loan without increasing loan, do lot of development work that is unprecedented in Pakistan history, had one of the fasted growing economy of the world, and had highest per capita growth rate in Pakistan history. Poverty according to world bank reduced from around 35 percent in 1999 to 17 percent in 2007. So?

Re: Musharraf returns

^ but I guess 1999 se pehle tak loan utarta ja raha tha jo 1999 ke baad stable hogaya.. infact agar Benazir ne 5 billion dollars ki corruption na ki hoti ye loan to kuch tha hi nahi... and I think 40 million nahi 32 million tha :@:

Re: Musharraf returns

Bhai, it is bad for Akharat to do bohtan. Why don't you do some research, go to SBP site or write to State Bank of Pakistan to know the fact.

Pakistan debt kept increasing throughout Pakistan history and it was first time in Pakistan history that Pakistan external debt did not increased for several years (2000-2007).

Pakistan external debt was around $17 billion in 1988 that thug governments of BB and NS increased it to around $40 billion (plus whatever NS government took from $ accounts of Pakistanis). Actually, first time in history of Pakistan, Pakistan defaulted on foreign loan in late 1998 and early 1999 (both under Nawaz government), and then World bank came to help out Pakistan.

I do not like to give figures from my head as true figure, so if you could not do search yourself than I can try to find out how Pakistan debt increased from 1971 to 2000 ... that can show that Pakistan debt, both internal and external, increased every year.

Re: Musharraf returns

I just found a table on Pakistan debt from 1980 to 1999. You can see how Nawaz and BB government did (as well as how Zia government did) when it comes to external debt as well as domestic debt.

http://www.oocities.org/ecovistainternational/debt/debt_g20.gif

Re: Musharraf returns

Sure sure I would like to see that.. can you kindly share them.. coz I cant find them anywhere :@:

Re: Musharraf returns

hmmmm I can remember someone told me abt the debt.. as it was near 32 m.. maybe that could be before 1999 :@:

but ye baat kahan ki kahan nikal ai hai :cb:

Re: Musharraf returns

Yea tou hay … aap nay Raiwand kay Bandaroon say suna hou gaa .:slight_smile:

If you want to see how Pakistan did with respect to external debt … I am giving you site (it is Pakistani finance department site … government of Pakistan).

Check table 10.10 … Dynamics of external debt burden (page 157)

You will notice how Pakistan debt kept increasing in 80s and 90s (also shows increase in first part of 90s and then second part of 90s) … and then shows how debt started reducing under Musharraf (figure of 2003 and 2007 is given).

Here is table content:

Real growth of external debt (in percentage):
1980s: 6.4
1990s: 6.5
1990-94 (1[SUP]st[/SUP] part): 7.1
1995-99 (2[SUP]nd[/SUP] part): 6.0
2003: - 1.9
3007: -2.0

(Shows that debt decreased in 2003, 2007 (actually, it decreased most years during Musharraf rule. Read the full article and check all table and graphs)

Please check figure 10.3 and table 10.9 that would show how much Pakistan paid to foreign countries in 8 years between 1999 and 2007 … that is over $48 billion … just to keep debt under control (pay for past debts) … and also how Pakistan kept paying more so that debt can get reduced.

Re: Musharraf returns

:k:

Re: Musharraf returns

Brother, you can read this article. This is also from finance department and clearly mention Pakistan debt liability in 1999.

http://finance.gov.pk/survey/chapters/09-External%20debt08.pdf
Page 156: Table 9.1

Shows Pakistan external debt and liabilities (in dollars):

1990: $20.5 billion (BB second year)

1999: $38.9 billion (Nawaz last year)

Then Musharraf came in and debt started decreasing.
2000: $35.5 billion
2001: $37.3 billion
2002: $34.8 billion
2003: $35.4 billion
2004: $35.3 billion
2005: $35.8 billion
2006: $37.6 billion
2007: $40.5 billion

PPP government came into power:
2008: $45.9 billion

Re: Musharraf returns

:eek: itna bara jump

Re: Musharraf returns

Brother, even though we are talking about debt in value but we should talk about debt with respect to GDP, as debt matters according to income. If one earns $100000 then debt of $100000 would be not much for that person, then if a person earns $20000 and has debt of $100000.

So, if you would see Pakistan external debt with respect to GDP, you will see that even here debt to GDP ratio was increasing most years until Musharraf took over when external debt liability to GDP was 51.7 percent (in 2000), that got reduced to 26.9 percent by March 2008. (Table 9.3 page 157)

http://finance.gov.pk/survey/chapters/09-External%20debt08.pdf

Re: Musharraf returns

Yea jump tou barhta jaa raha hay … Now I believe external debt is over $66 billion (sweet revenge of democracy).

Re: Musharraf returns

If they had been so efficient, they could have easily avoided attacks on GHQ, PNS Mehran and other military installations.

Re: Musharraf returns

:cb:. patriotic Yahya Khan ka tarana yaad aa gaya