The myth of Musharraf’s ‘economic boom’ needs to die

Society Pakistan & World Affairs
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Re: The myth of Musharraf’s ‘economic boom’ needs to die

Just wait until someone comes in and claims all this as a pack of lies.

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Re: The myth of Musharraf’s ‘economic boom’ needs to die

^ That is a lesson in statistics and you know what they say about statistics: Lies, damned lies, and statistics - Wikipedia, the free encyclopedia

Anyways, we got funding from USA during Ayub, Zia and Mush times which kept the economy stable. Mush was even more lucky that he left the country just at the beginning of global economic crises.

No one is disputing GDP figures. If you receive unlimited funding from daddy to do his dirty work, of course things would improve in the country. With Mush I also have problems with the sectors that grew: Real Estate, Banking and Telecom.

Real Estate is non-productive. And so is Banking. In fact, Banks making a lot of money means that other sectors are suffering since they pay greater interest rates. During Mush times, the margins for banks in Pakistan were among the highest in the world. Telecom did grow phenomenally. Good for us, lots of jobs created. But Pakistan would become a graveyard of telecom towers in coming years, as the country is becoming graveyard for CNG cylinders and compressors. Results of mindless taxation and regulatory policies.

Of course, the ‘civilian’ governments do poorly. You suppress the political activity for a decade and then when you bring it back, the same thugs do come back. Pakistanis do not get a chance to filter out the bad guys and only when they realize they made a mistake in electing them, military takes over and political process goes into hibernation again. It takes decades for democracy to mature and Pakistani military does not let that happen.

I might agree that Pakistan might need an authoritarian government to strictly weed out corrupt people from the system and install systems to prevent corruption. I would support such a government even if it undemocratic. So far, the military has miserably FAILED to convict a single significant politician for corruption.

One of the biggest reasons we have so many corrupt politicians is that military actively nurtured, supported and promoted them. When you talk about political thugs, remember that they were produced and supported by the military. Ayub gave us Bhutto, Zia gave us Sharif and Mush gave us the whole package: NRO.

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Re: The myth of Musharraf’s ‘economic boom’ needs to die

it is very easy to blame and discuss the corruption of bloody civilians and even to bring them in courts , Stories of other sides never published . If you only check the income from abroad , it will tell you the real story .http://www.pbs.gov.pk/sites/default/…les/table3.pdf

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Foreign aid to pakistan increases substantially during military rule. We normally get sanctions during civilian ‘rule’.
[/quote]

That is not a rule, but an exception, as both zia and Musharraf were fighting a U.S. war, hence all the aids. It would not have happened otherwise.

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Re: The myth of Musharraf’s ‘economic boom’ needs to die

http://www.cgdev.org/page/aid-pakistan-numbers
:sunnyboy:

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Re: The myth of Musharraf’s ‘economic boom’ needs to die

You are accepting that they were US puppets. We cannot compare economy during those times with the times when we faced sanctions. I rest my case.

Ayub was a similar story.

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Re: The myth of Musharraf’s ‘economic boom’ needs to die

^^^ Accumulated aids (and CSF) Pakistan got during Musharraf period (~$10 bn) was lower than aids Pakistan got during Zardari period (probably over $20 bn from USA alone in last 5 years), and that along with IMF subsidized loan (~8 bn), we cannot say that dictators get more aid then so-called democrazy governments.

Still, with lower aids and no increase in external loans during whole Musharraf period, Pakistan became first country in the world to retire all IMF loans and come out of IMF program (in 2004). Surprisingly, once Musharraf was gone, Pakistan went back to IMF begging for support and loans, and now is under IMF program again.

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Re: The myth of Musharraf’s ‘economic boom’ needs to die

You can never count the** ghost money **​till CIA discloses

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Re: The myth of Musharraf’s ‘economic boom’ needs to die

Why do you think all people of Pakistan are stupid so you can fool them for all the times. Get a life man or still better join ISI to fight with Talibobs rather than writing bakwaas and praising those who destroyed Pakistan.

In your analysis you forgot the dictators ruled after partition till Ayub Khan and you forgot Yahya Khan, the old cock of Pakistan. Why???

Thug Zardari and thug Nawaz Sharif, what you have to say about your Sai Baba killers of thousands of innocent people and the greatest bhatta khor Pakistan ever produced? Wasn’t your Sai Baba ruled decades in Sindh and also bedded with both the thugs at least for one decade?

Where did you get figure of $20 billions aid to Zardari’s government? Or as usual you lie, fooling the public here?

Foreign aid to Pakistan

http://en.wikipedia.org/wiki/Foreign_aid_to_Pakistan

Cuts in US Aid

The Kerry Luger Bill passed in 2009 after democratic elections in Pakistan had proposed $1.5 billion in annual assistance to Pakistan.[13] However due to problems and differences in the bilateral relationship over issues such as Drones,India,Reymound Davis the full amount was not transferred. Pakistan was promised $1.5 billion annually till 2014, but in the very first year the target was not met. Only $179.5 million out of $1.51 billion in U.S. civilian aid to Pakistan was actually disbursed in fiscal 2010.[14]
How US Aid is spent

Of the $179.5 million received by Pakistan in 2010, $75 million of the US aid funds were transferred to bolster the Benazir Income Support Program, a social development program run by the Pakistani government. Another $45 million was given to the Higher Education Commission to support “centers of excellence” at Pakistani universities; $19.5 million went to support Pakistan’s Fulbright Scholarship program; $23.3 million went to flood relief .[14]
Military and economic aid
Year Military (USD in billions) Economic (USD in billions)
2002 1.36 1.233 for 2002 to 2004
2003 1.500 1.233 for 2002 to 2004
2004 1.200 1.233 for 2002 to 2004
2005 1.313 .338
2006 1.260 .539
2007 1.115 .567
2008 1.435 .507
2009 1.689 1.366
2010 1.232 1.409
2011 1.685 unknown
Total 11.740 billion[15] 6.08 billion

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Re: The myth of Musharraf’s ‘economic boom’ needs to die

Our Fateh Pakistan agencies also have some people on their payroll . Do you know some thing about that . Zardari , Nawaz & Imran are not good while paying .

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Re: The myth of Musharraf’s ‘economic boom’ needs to die

^^^ You can tell of those who are on payroll … check post immediately above you. :wink:

Sachaydino: My mistake when quoting figures. It was not 20 bn, it was $17 bn + $8 bn = $25 bn :slight_smile:

Check what Pakistan got from USA in aids and CSF (coalition support fund)

http://www.fas.org/sgp/crs/row/pakaid.pdf

Military rule:
2002-2007 (Musharraf period) = $10 bn

Demoncrazy rule of corrupts:
2008-2012 = $16 bn
2013 = $1 bn

Thus we have:

Total aid from USA during military rule = $10 bn
Soft loan = $0

External debt of Pakistan in 1999 = $40 bn
External debt of Pakistan in 2007 = $40 bn
Increase in external debt during military rule= $0 bn

Total aid from USA alone during demon-crazy corrupt rule = $17 bn
Soft loan from IMF = $8 bn
Total minimum aid with Americans nod = $25 bn

Soft loan from other institutions = ?

External debt of Pakistan in 2007 = $40 bn
External debt of Pakistan in 2013 = $65 bn
Increase in external debt during demoncrazy corrupt rule= $25 bn

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Re: The myth of Musharraf’s ‘economic boom’ needs to die

[quote=““Sa1eem””]

Who cooked up these figures? Perhaps you. But you forgot one sentence just before the table. Why do you think public will believe your lies? You can cook up to trillions but truth is entirely different. By the way are you on roll of ISI and JI in addition to disciple of Sai Baba of Landan Sharif aka Don of Landan?

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Re: The myth of Musharraf’s ‘economic boom’ needs to die

Bhutto was niether corrupt nor produced by Ayub Khan. Get your facts corrected.

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Re: The myth of Musharraf’s ‘economic boom’ needs to die

So, Nusrat Bhutto didn't get him a position in Ayub's cabinet via her saheli's husband aka Iskandar Mirza?

Next time, tell your pal Pasha to stop beating on Imran and that Musharraf photo, as after all, Imran didn't become his PM or foreign minister. FAIR IS FAIR! :)

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Re: The myth of Musharraf’s ‘economic boom’ needs to die

I was talking about his political journey after resigning from FM during peak of Ayub's rule. And that was journey of die hard opposing to the dictator who had still few years to rule.

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Re: The myth of Musharraf’s ‘economic boom’ needs to die

Sorry, my figures have some mistake, as I missed ‘c’ and ‘f’ in the given data at the bottom. They are:

c. Congress authorized Pakistan to use the FY2003 and FY2004 ESF allocations to cancel a total of $1.5 billion in debt to the U.S. government.
f. The NDAA for FY2013 approves $1.65 billion in additional CSF for all U.S. coalition partners; the accompanying conference report limits
FY2013 CSF for Pakistan to $1.2 billion. The pending NDAA for FY2014 would authorize another $1.5 billion for all coalition partners

That means, new figures are:

http://www.fas.org/sgp/crs/row/pakaid.pdf

Aid during Military rule:
2002-2007 (Musharraf period) = $10 bn
since $1.5 bn was adjusted to clear debt … aid received was ~ $8.5 bn

Aid during Demoncrazy rule of corrupts:
2008-2012 = $16 bn
2013 = $1.157 bn + $1.65 bn = 2.8 bn
Total ~ $19 bn

Thus we have:

Total aid from USA during military rule ~ $8.5 bn
Soft loan = $0

External debt of Pakistan in 1999 = $40 bn
External debt of Pakistan in 2007 = $40 bn
Increase in external debt during military rule= $0 bn

Total aid from USA alone during demon-crazy corrupt rule ~ $19 bn
Soft loan from IMF ~ $8 bn
Total aid and soft loan with American’s nod during demon-crazy corrupt rule ~ $27 bn

Soft loan from other institutions = ?

External debt of Pakistan in 2007 = $40 bn
External debt of Pakistan in 2013 = $65 bn
Increase in external debt during demoncrazy corrupt rule= $25 bn

As for note given on site:
Note: Final obligation and disbursement totals typically are lower than program account appropriations
I believe that is probably for estimated figures and promised figures, as table gives estimated aid figures for year 2013 and also gives aid figures what Pakistan would be expecting from USA in 2014.

As for your comment:

Well, if there are two person, one always lie and other always tell truth than … they know to believe the figures or not. Because:

Truthful person would say that … figures are true as far as I believe (as figures are not mine but are quoted).
Liar would say that … figures are lies (because liar would always lie).

So, let public check the references, do their own research and then decide. :slight_smile:

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Re: The myth of Musharraf’s ‘economic boom’ needs to die

kehtay hain ek jhoot ko such sabit karnay ke liay 1000 jhoot bolnay parhtay hain. Keep on changing your figures, no one really cares what you talk about dictatorship vs civilian governments.