Posted by: uss017 | April 14, 2009

Gilani on Economy

According to Prime Minister Gilani,

Our GDP has doubled to US $170 billion…

It should be noted that the above obviously could not have occurred under the current regime or through any of their efforts. In reality, the above is the fruit of the hard work carried out by the Musharraf government from 1999 till 2007.

Moreover:

The Prime Minister pointed out that today we have a sound architecture in place for developing and strengthening strategic political, economic, commercial, scientific, technological and cultural relations between our two countries.

Again, a quick reminder: the above is thanks only and only due to the effort of the Musharraf government from 1999 till 2007.

While the Prime Minister took the time to mention the role of Zulfikar Ali Bhutto and Benazir Bhutto – conveniently forgetting the fact that both, particularly the former, ruined Pakistan’s economy – he made sure not to mention the one government which transformed our petty economy into the size of $170 billion, with a consistent GDP growth of 6%+ – the Musharraf government.

Please read:

    Gilani calls upon Chinese companies to invest in Pakistan in a big way

And let’s not forget:

  • PPPP Acknowledges the Improvement of Economy under Musharraf
  • ++++++++

    © Musharraf Supporters 2009 All rights reserved

    Posted by: uss017 | April 2, 2009

    Pakistanis Felt More Prosperous Under Whom?

    Posted by: uss017 | March 11, 2009

    Musharraf India Today Conclave 2009

    The video of the discussion in its entirety, which consists of Aroon Purie’s introductory speech, Musharraf’s keynote speech, and the subsequent extensive Q & A session can be seen here:

  • All the video clips of Musharraf’s talks and interviews in India can also be accessed here.

    The above contains a far more extensive Q & A session compared to the earlier posted transcript.

    A more convenient way of listening to Musharraf’s speech and Q & A is by clicking on these links:

    The full transcript of Musharraf’s speech can be read here (together with Purie’s introduction) — The text of the speech by Musharraf can also be read here.

    Some interesting points from the the Q & A:

  • Musharraf claimed that there is far more hostility towards Pakistan in India, even war hysteria, than there is hostility towards India within Pakistan. Musharraf mentioned how there was little or no India bashing during Pakistan’s recent election. I agree with this after following a number of Indian news channels for a while, particularly after the Mumbai terrorist attack. Literally from the first few hours into the Mumbai attack the Indian media began its massive anti-Pakistan propaganda campaign. (The hostility can also be seen in the comments we find on the India Today website. For example, consider Prabhu Chawla’s comments here, where Musharraf is labeled a “sworn enemy.” This is the same Prabhu who complained in his interview with Musharraf as to why the latter referred to India as an “enemy” in his book. Showing his duplicity, Prabhu also boasts about letting Musharraf “expose himself.” See also this, this, and this, for example).
  • Farooq Abdullah acknowledged that the closest the two countries ever came towards resolving the Kashmir dispute was under Musharraf. He said he really believed that the Kashmir dispute would be sorted out under Musharraf and testified for the former President’s sincerity.
  • An Indian Muslim, Maulana Mahmood Madani, (Rajya Sabha Member and former General Secretary of Jamiat-ul-Ulema-e-Hind) displayed much hostility and rudeness towards Musharraf. It was shameful to see a maulana behaving in this un-Islamic manner, throwing in the bin basic Islamic etiquette. Musharraf, however, hit back with a fitting and sharp reply much to Madani’s annoyance. This can be seen in clip no. 12 in the Q & A session.

    I suppose there is more pressure upon Indian Muslims who go out of their way to “prove” their nationalism and support for India.

  • Near the end, one Irshad Manji asked Musharraf about honor killings. Manji is a lesbian (see “A Muslim calls for reform — and she’s a lesbian“) Canadian feminist, a known Islamophobe hate-monger, and author of the book “The Trouble with Islam” (later renamed: “The Trouble with Islam Today“). Manji claims that the Quran is a “bundle of contradictions” and refers to the supposed “blatant inconsistencies” therein (See Irshad Manji, The Trouble with Islam: A Muslim’s Call for Reform in Her Faith, 2004, First Edition, St. Martin’s Press, p. 36).

    [See also “Irshad Manji on the Qur’an” and “The Trouble with Irshad” by Elvan Zelda Elcin]

    Besides advocating homosexuality and arguing that it is not contrary to the Quran (see this for instance) , Manji is also a vocal Israeli propagandist (see M. Junaid Levesque-Alam’s, “Why Liberals Fear Islam: The Only Good Muslim is the Anti-Muslim“).

    To quote Levesque Alam:

    The Trouble With Islam Today is an unhinged polemic that derides Muslims and demeans their faith.

    Musharraf obviously did not know about Manji and expressed his willingness to sit down with her and discuss honor killings etc. I hope someone can inform the President about this character and advice him to stay away from her.

  • There was a lot of hostility towards Musharraf while the questions were being fired. He was also interrupted at times. But he stood strong, confident and gave clear cut replies and refutations, defending the army and the I.S.I.

    Moverover, while Musharraf was eager to discuss core issues of tension such as Kashmir and the emerging water dispute between the two countries, Indians seemed more interested to discuss the alleged presence of Dawood Ibrahim in Pakistan (Karachi) and his handover! While for Pakistan the Kashmir dispute and the emerging water dispute are the core issues of real tension between the two countries, it seems to me that the Indians seriously believe that the actual core dispute is Ibrahim and that all will be fine and dandy between the two countries once Pakistan returned Ibrahim to India! Musharraf said that he did not know if Ibrahim was present in Pakistan and rightly continued that even if this was true, tensions between the two countries would persist even after Ibrahim’s handover. The stiff Indian resistance to take into account the whole picture and to discuss the real pressing issues and, instead, to focus on minor peripheral matters, the resolution of which would do nothing much to seriously ease relations between the two countries in the long run, is an indication of the desperation and shoddy nature of the Indian position.

    Musharraf’s overarching theme was to press the point that both India and Pakistan had engaged in unfortunate activities in the past to harm each other. He argued we needed to move forward and stop dwelling in the past, constantly accusing each other of past misdeeds. He also strongly pressed the argument that the Pakistan Army and the I.S.I. were not playing any “double game” and were fully committed in fighting terrorism and extremism. Musharraf requested the Indians to stop blaming the Pakistan Army and the I.S.I. and to put an end to their propaganda campaign. Moreover, he also discussed the Indian involvement in terrorist activities in Afghanistan against Pakistan and their support for known terrorist individuals.

    See also Musharraf’s short interview clip with Aroon Purie here.

    [All the videos of Musharraf’s talks and interviews in India can also be seen here]

    ++++++++

    © Musharraf Supporters 2009 All rights reserved

    Posted by: uss017 | March 9, 2009

    Musharraf Q & A Transcript of Delhi Lecture

    I would like to thank Saroor Zaidi (‘Friends of Pakistan‘) for putting together this transcript of the Q & A session between Musharraf and various Indian personalities.

    In the words of Saroor, an amazing confident Musharraf has stood tall and proud, and represented Pakistan to the fullest capacity with dignity and power.”

    There is no one in Pakistan who can represent the nation in this brave manner amidst an ocean of hostility. Unlike others, who love to make a statement or two against Pakistan while in India, Musharraf uttered not a word against Pakistan. Instead, he defended Pakistan with all his might in an unapologetic manner. This shows how bigger man Musharraf is than all of our politicians combined.

    All Pakistanis, including those who may not agree with his policies, are proud of Musharraf.

    ++++++++

    Arun Poorie: You are here as a messenger of peace. What did you do about it in the nine years when you were in power?

    Musharraf: Let’s stop the blame game. We need to look at the reality, forget the past and look ahead. I don’t know what I did wrong, but I can tell you I tried my best for peace between India and Pakistan. I was never negative when the opportunity for peace came to me.

    Arun Poorie: What plans do you have about the future?

    Musharraf: To me, the core issue is building confidence by greater people-to-people affinity. Once the confidence is there, we should move towards resolving the core issues, and stop meddling with the internal affairs of each other’s country.

    Arun Poorie: What do you have to say about what happened on 26/11 in Mumbai?

    Musharraf: Let’s stop the war hysteria. Just a day into the investigations, the Pakistani army and the ISI was blamed for it. I am for a considered and matured response to these issues. As far as the investigations are concerned, the Pakistani government should fully cooperate and the guilty should be punished.

    Arun Poorie: Are there any terrorist camps in Pakistan?

    Musharraf: See we have done damage to each other. I am aware of what the Indian embassy is doing in Jalalabad and Kandahar. A terrorist from Kabul has been received by Indian intelligence agencies in India and looked after. I have documents to show this. Let us stop the blame game. India is a big country. You try to do damage to us, we will do damage to you. We should address the trust deficit between the two countries. The ISI does the same thing as the RAW does. There is no distinction.

    Ravi Shankar Prasad: In the face of the present situation, do you see Taliban taking over Pakistan?

    Musharraf: Areas in the North West Frontier [Province] where the problem is, account for less then one percent of the population. There is no danger of Taliban taking over Pakistan politically.

    Arun Poorie: What specific confidence-building measures do you have for the future?

    Musharraf: We need to look at strategic issues. We will have to address the water issue which would develop into a new conflict between the nations. We have to stick to the Indus Valley treaty.

    Soli Sorabjee: Will you hand over Dawood Ibrahim to us as a confidence building measure?


    Musharraf:
    This is a small issue. I do not know if he is there. I too have a long list of people that India needs to give us. The role of Indian embassy in Afghanistan in Jalalabad and Kandahar is not good either.

    Individuals are a small issue. We need to look at strategic issues. I do not think handing over Dawood will change anything. I know it will not help in easing tensions between the two nations, if that happens then you will have to hand over Dawood back to Pakistan (laughs).

    Rahul Kanwal: A conversation of Gen Kayani, the army chief who succeeded you, has been intercepted where he said Taliban is a ‘strategic asset’?

    Musharraf: This is a lie. He cannot say that. I challenge them to show me the proof. It is a lie.

    Amar Singh: When our (then) PM Vajpayee travelled to Lahore by bus to Lahore for friendship, Kargil happened. Now you say you are for peace?

    Musharraf: I would not like to comment on this issue. I have dealt with this matter in my book.

    Shekhar Gupta: Compare your years in power with that of Ziaul Haq.

    Musharraf: The comparison cannot be done as the situation and ground realities were very different in both times. You must understand that Pakistan is not the perpetuator of terror but a victim of terror in the last 30 years.

    Question: How is it to live in Pakistan and not be in charge?

    Musharraf: It’s good. I am relaxed. The most difficult job was to take decisions in highly complex situations. Now I read about them in the papers.

    General VP Malik: What are the chances of the army taking over Pakistan again? How can India help Pakistan in its problems?

    Musharraf: It is the internal matter of Pakistan. The political leadership can deal with the situation. I would not like to comment on that. India can help Pakistan by not maligning Pakistani army and the ISI in the world.

    ++++++++

    See also:

  • Musharraf India Interview 2009
  • ++++++++

    © Musharraf Supporters 2009 All rights reserved

    Posted by: uss017 | March 9, 2009

    Musharraf India Interview 2009

    Former President Musharraf’s interview in India can be seen here.

    The interview can also be seen here.

    Download in FLV Format: 48.6MB

    I strongly suspect that the above is not the full interview; bits and pieces appear to have been left out. Nonetheless, we see Musharraf once again promoting and defending Pakistan’s stance on a number of issues, primarily the Kashmir issue and the problem of extremism/terrorism, in an unapologetic manner.

    One issue needs to be clarified. It has been reported that Musharraf allegedly expressed his desire to regain the Presidency of Pakistan in the near future. It comes as no surprise that some people are using this alleged statement to attack Musharraf. After having seen the above interview, I conclude that the former President is being quoted out of context. Towards the end of the interview (clip #6 here or time slice 17:21 – 17:48 here), Musharraf was asked whether or not if after his resignation he again desired to become the President of Pakistan? Musharraf very slightly swayed his head in the negative and said ‘no’ as the interviewer continued speaking. Immediately thereafter a hypothetical scenario was presented to Musharraf: ‘WHAT IF‘ such an offer was made to him (‘agar up ku offer kiya jai‘ and: ‘agar aup ku koi offer karta hai tu‘?)? To this hypothetical question Musharraf replied that he would see what type of an offer it was and IF he could play a role therein (‘no … offer agar koi karta hai tu mey dekhunga agar mey usmey koi role adda karsekta hu‘ and: agar mey role play karsekta hu tu‘). He proceeded to state that he would obviously accept an offer ONLY IF he could play a useful role and that he would not like to be a useless President who did not contribute.

    Thus, I do not see what the hoopla is about. He merely said that he would accept an offer only if it allowed him to contribute and play a positive role. Musharraf was speaking in purely hypothetical terms. He did not state as a matter of fact that he wanted or desired to regain the Presidency. Of course, I do hope, wish and pray that Musharraf comes back to power in Pakistan. Pakistan needs him badly. But, for the time being, the former President is being wise in refraining to comment upon Pakistan’s messy politics.

    I am after the video clip of the Q & A session in India where the former President had to face a barrage of hostile questions from a variety of Indian personalities. I hope someone can post the link if it has been uploaded somewhere.

    The transcript of the Q & A session can be seen here:

  • Musharraf Q & A Transcript of Delhi Lecture
  • ++++++++

    © Musharraf Supporters 2009 All rights reserved

    On this blog we have collected a number of essays listing the economic achievements of the Musharraf government, arguing that none of the so-called ‘democratic’ regimes of Benazir and Nawaz, even when put together, come remotely close to what Musharraf accomplished for Pakistan’s economy within a decade’s time. These essays can be seen here:

    There was a good reason to compile these essays. Opponents of Musharraf have been constantly claiming that Musharraf not only did nothing for Pakistan’s economy, but, in fact, harmed it immensely during his time. These Musharraf opponents belong primarily to the PPPP and PML-N parties and even now they can be seen making such allegations, both in newspapers as well as on various television programmes. Therefore, our aim was to demonstrate the utter falsity of this allegation and to expose these people as bald faced liars.

    Finally, at least privately, the current PPPP regime has admitted this! In their ‘Letter of Intent’ to the IMF in a bid to secure a bail-out package of $7.6 billion, the PPPP government relied upon the economic successes and achievements of the Musharraf government as a major point to convince the IMF!

    The following excerpts have been extracted from:

    ++++++++

    Khan begins by saying (all emphasis added):

    While publicly it criticizes former President Musharraf for the present economic mess, the government in its official documents has appreciated the economic policies of the previous regime that became a strong base for seeking loans from multilateral donors and friends of Pakistan.

    So publicly, the government is lying.

    Moving on:

    The letter of intent (LoI), on the basis of which, Pakistan sought the much-needed $7.6 billion bailout package from the International Monitory Fund (IMF), has bit by bit appreciated the Musharraf policies since 2000.

    During the past one decade (1999-2007), the LoI says Pakistan’s economy witnessed a major economic transformation from substantial increase in the volume of gross domestic product (GDP) to greater international trade.

    The reason for the above:

    An official source requesting not to be named said the economic wizards in the finance ministry are not politicians to make only speeches but they have to look into ground realities. ‘We reported to IMF whatever is factual and based on evidence,’ the official added.

    In other words, they cannot afford to tell outright lies to the IMF, while the PPPP politicians can tell lies to the Pakistan public. The economists cannot continue with this tradition of deceit but must stick to the facts in their discussions with the IMF.

    As Dr. Salman Shah rightfully pointed out:

    Former Finance Minister Dr Salman Shah told this scribe the government has made the 170 million people fool while telling them pack of lies in the past nine months about the economic policies of the Mushrraf regime.

    The truth is:

    The LoI said the country’s real GDP increased from $60 billion in 2000-01 to $170 billion in 2007-08 with per capital income rising from under $500 to over $1000. During the same period, the volume of international trade increased to nearly $60 billion from $20 billion.

    For most of this period, real GDP grew at more than 7 per cent a year with relative price stability. The improved macroeconomic performance enabled Pakistan to re-enter the international capital markets in the mid-2000s. Buoyant output growth, low inflation, and the government’s social policies contributed to a reduction in poverty and an improvement in many social indicators.

    Had Pakistan’s economy not grown under Musharraf:

    …Pakistan would have to apply for other long term IMF financing facilities like poverty reduction, structural adjustments etc, Shah said adding government should tell truth to the nation if they have confidence.

    ‘The recruitment made so far for running the finances of this country is very depressing. This shows this government has neither commitment nor capabilities to take the country out of the current crisis,’ Dr Salman said.

    The actual cause of the current downfall:

    He said the government admitted in the LoI, the current crisis was because of price shocks, global financial turmoil and policy inaction during the political transition to the new government. He blamed the current government for blocking inward movement of $5 billion by suspending privatization of major transactions.

    ++++++++++++

    What the above means is that the PPPP (and the PML-N) has been busy telling lies about the performance of the Musharraf government. Either under Musharraf the economy did well or it did poorly. Both scenarios could not have occurred simultaneously. Either the PPPP officials told blatant lies to the Pakistani public or they told blatant lies to the IMF in their “Letter of Intent.” What we know for sure, however, is that they have been telling lies to at least one of the sides. We will let the PPPP decide in which instance they were lying.

    Understandably the ever so grotesque Ishaq Dar (see also this) is still in denial, remaining unrepentant, and insisting he was right when he infamously blurted out that the Pakistan treasury was “empty.”

    Let us also bear in mind the immense harm the present ‘democratic’ government has caused to the Pakistani economy in a short span of time, an economy they privately admit was immensely strengthened by the Musharraf government:

    Finally, more good news. The “Letter of Intent” can be seen on the IMF website here:

  • I end this paper by quoting the relevant sections from the government’s own “Letter of Intent”:

    ++++++++

    I. RECENT ECONOMIC DEVELOPMENTS

    1. In the last decade, Pakistan’s economy witnessed a major economic transformation. The country’s real GDP increased from $60 billion in 2000/01 to $170 billion in 2007/08 (fiscal year starts July 1st), with per capita income rising from under $500 to over $1,000. During the same period, the volume of international trade increased from about $20 billion to nearly $60 billion. For most of this period, real GDP grew at more than 7 percent a year with relative price stability. The improved macroeconomic performance enabled Pakistan to re-enter the international capital markets in the mid-2000s. Large capital inflows financed the current account deficit and contributed to an increase in gross official reserves to $14.3 billion (3.8 months of imports) at end-June 2007. Buoyant output growth, low inflation, and the government’s social policies contributed to a reduction in poverty and an improvement in many social indicators.

    2. This strong macroeconomic performance resulted from the implementation of a series of important structural reforms. In the early 2000s, with financial support from international financial institutions (IFIs), including the IMF, the World Bank, and the Asian Development Bank, the government expanded the role of markets in the economy, privatized a number of large state-owned enterprises, established market-based regulatory bodies, and took steps to reduce the cost of doing business in Pakistan.

    ++++++++

    © Musharraf Supporters 2009 All rights reserved

    Posted by: uss017 | February 14, 2009

    Petty revenge before National Interest

    Pakistan’s High Commissioner to the UK, Wajid Shamsul Hasan, appeared on CNN on 12/02/09 in an interview with Jim Clancy. The interview revolved around the terrorist attack in Mumbai and Pakistan’s role in the subsequent (ongoing) investigation.

    Overall the High Commissioner did a fine job in defending Pakistan. He reasoned how Pakistan was a victim of terrorism and emphasised the efforts made by Pakistan to fight terrorism. I definitely do not believe in the policy of opposing someone just because I dislike him and/or his politics. I attempt to give credit where it is due. But I think that the High Commissioner blew it all by making an utterly foolish comment near the close of his interview.

    Jim Clancy stated that both India and Afghanistan had routinely pointed fingers at the ISI and accused the agency of facilitating terrorism therein. Clancy proceeded that no ISI official had ever been brought to justice and repeated the age old allegation that Pakistan had been playing a “double game.” What was Wajid Shamsul Hasan’s reply? Here it goes: he responded by saying that the ISI was “no more” involved in this and that it was now “more” subservient to the government!

    This logically means that the ISI was involved in terrorism in the past and was not subservient to the government in the past.

    I wonder, does this “reply” harm or benefit Pakistan’s national interest? Does it put Pakistan on a stronger footing when it is suggested that in the past the ISI WAS involved in such activities, that it was playing a double game, and that in the past it was NOT subservient to the government, thereby acting on its own accord? How much brain power is required to comprehend the simple fact that such type of a statement hurts Pakistan’s national interest and lowers her credibility?

    The High Commissioner could have reasonably argued that mere pointing of fingers does not make someone guilty; that proof and evidence must be submitted. He could have asked Clancy to produce the evidence which supposedly shows the ISI’s alleged involvement in terrorism within India and Afghanistan. He could have denied the allegation of ISI’s “double game.” He could have strongly asserted that the ISI is a professional intelligence agency which does not engage in such activities etc. But he did not do that.

    Why should anyone take Pakistan seriously and trust its agencies when the current regime casually admits the ISI’s alleged indulgence in terrorism? Why should anyone now believe the word of the government when it insists that the ISI is “no more” involved in this? If anything, individuals such as Wajid Shamsul Hasan have equipped Pakistan’s enemies with a terrific excuse for not trusting the ISI, the army, and the other security agencies of Pakistan, and for continuously casting doubts upon their intentions.

    Recall that Zardari – and I still can’t believe that this guy is the President – made the same disastrous move in one of his early interviews after assuming the office of Presidency. He too endorsed the suggestion that the ISI, under the Musharraf government, had been acting deceitfully and was playing a “double game” all along.

    Unfortunately, the Pakistani leadership is the product of a strong culture where petty revenge comes at the expense of national security and interest.

    ++++++++

    © Musharraf Supporters 2009 All rights reserved

    Posted by: uss017 | October 1, 2008

    PAKISTAN BACK TO BEGGING under ‘DEMOCRACY’!

    Recent reports in the western media indicate that Pakistan needs as much as $10 billion to avoid an economic meltdown.

    and:

    Pakistan’s foreign currency reserves are falling fast and if forward liabilities are included, the real reserves may go down to $3 billion. This cannot meet the import bill of one whole month.

    Out of total reserves of $8.467 billion, the reserves held by the commercial banks stood at $3.461 billion on September 23. From September 22, the reserves fell by around $180 million, as there were no receipts while the government made heavy payments for oil and other imports.

    This week, Moody’s Investors Service lowered Pakistan’s credit outlook to negative due to the risk of “missed repayments” on the nation’s debt.

    Pakistan’s gradual economic decline, which started last year, alarmed the United States and Britain as they feared that financial chaos could allow terrorists to deepen their roots in the country.

    To avoid such an eventuality, they decided to launch a new group of donors.

    Read more about our dismal state here:

  • ‘Friends’ unveil initiative to avert collapse: Over $15bn needed: media
  • It is interesting to note that former President Musharraf inherited a far more fledgling Pakistan in 1999, a Pakistan which was on the verge of being declared a terrorist, bankrupt and a failed state. Musharraf inherited a Pakistan which had less than a billion dollars as foreign reserves, with an economy the mere size of $75 billion, and with 65% of our GDP used for debt servicing. Although currently our economy is fast deteriorating due to the incompetency of the new regime (who looted Pakistan in the past), the situation in 1999 was FAR WORSE than what it is now.

    And despite not receiving the above level of support and commitment from the international community, Musharraf and his team were still able to deliver, with Pakistan’s situation improving prior to September 11, 2001. For example:

    Pakistan’s foreign reserves had risen up to $3.2 billion by September 10 2001. To quote Dr. Ishrat Husain:

    “In 1999, the ratio of foreign reserves held by India was 40 times that of Pakistan. By June 2002 this ratio has declined to 8 times while the size of Indian economy is about 6 to 7 times that of Pakistan.

    Dr. Ishrat Husain goes on to say:

    “It may be relevant to point out that the biggest quantum jump in our reserves had taken place between July 2000 and June 2001 i.e. well before September 2001. During this one year period the reserves increased by 138 percent to $ 3.1 billion. The rate of increase during July 2001 and June 2002 was 105 percent.”

    Consider the improvement of a variety of indicators prior to September 11 2001. We read:

    “While acknowledging the salutary impact of the external account improvement, however, it is worth stressing that the trend improvement was visible well before the seminal September 11 events. Interest rates were already on the way down; foreign currency reserves were edging up; the exchange rate was relatively stable; the inflation downtrend was well defined, and the government’s continuing fiscal discipline and commitment to reforms had already set the stage for the IMF PRGF, and the subsequent re-profiling of external debt. Nonetheless, the pre-existing positive trends did gain invaluable momentum in FY02, post-September 11. However, despite these major positives, the economy was not unscathed in FY02.”

    Finally, to cite Afreen Baig:

    “… let it be clarified that major economic indicators had improved before 9/11, and the economy had already started showing signs of recovery and revival.

    In that SHORT span of 2 years BEFORE 9/11, Pakistan’s revenue increased from Rs.308 billion to become Rs.395 billion. Exports increased from $7.5 billion to become $9.2 billion. Foreign Reserves increased from $ 1 billion to become $3.25 billion. Debt servicing as a ratio to Revenue decreased from 65% to 57%. Public and external debt as a percentage to Foreign exchange earnings declined from 300% to 250%. Current account deficit decreased from $2.4 billion to become $510 million. And, Pakistan’s large-scale manufacturing grew by 11% in June 2001 against 3.5% in 1998. These facts should set aside the skeptical grumblers.”

    It is quite true, however, that after September 11 2001, Pakistan’s economy further flourished. But this did not occur purely on the basis of aid from the international community but due to the wits of the managers of Pakistan at the time.

    Consider the current situation. Despite its deterioration, the present economy is still much larger and stronger than the one we had in 1999. And yet the new regime is unable to manage it. They are reduced to the point of begging the international world for aid and donations!

    This also reminds us of the sheer hypocrisy and double standard of our media. The Pakistani media played a pivotal role in spreading the lie that whatever economic improvements we witnessed under Musharraf were largely or purely due to the aid which Pakistan received from, say, the U.S. This disinformation was used as an argument against the Musharraf government. And while now we have the new regime OPENLY BEGGING THE INTERNATIONAL COMMUNITY FOR AID, the media seems not to be interested to use this as a point of criticism against the PPPP government. Why?

    Members of the new regime often claim that they “inherited” a poor economy. But this is an outright lie. Why under Musharraf foreign reserves reached the $17 billion mark? How was the rupee relatively stable under Musharraf? How was the economy increasing at the rate of over 6% annually under Musharraf? How on earth did a mere $75 billion economy more than doubled in less than a decade’s time under Musharraf? Why oh why did Moody give Pakistan a higher rating under Musharraf? Thus, in fact, the new regime inherited the best economy any government in Pakistan has ever inherited. True, things were not 100% fine and dandy, but neither was the situation utterly hopeless. The problems which existed could have been properly managed. Instead, manageable problems quickly became utterly uncontrollable within months after the elections. [For the economic achievements of the Musharraf government, please see the articles here.]

    Too much time was wasted on irrelevant issues at the expense of the economy. The economy also suffered immensely when Ishaq Dar, probably the worst Pakistani on the planet, made a series of irresponsible statements about the state of the Pakistan economy after becoming finance minister, as a result of which Moody’s immediately downgraded Pakistan’s ratings and investors began flying out of Pakistan at the speed of light. Ishaq Dar is the same despicable character who played a key role in destroying Pakistan’s economy in the 1990’s under the PML-N government. This time around he caused immense damage to Pakistan through his factually erroneous and irresponsible statements within days of assuming office!

    Unfortunately, it appears we are fast going back in time to the 1990’s era, when the PPP and the PML-N destroyed Pakistan’s economy and spent most of their time — besides conducting criminal activities — begging other nations for aid and loans, which they then misused. While I feel sorry about the state of the Pakistan economy, a part of me also feels that the Pakistani people, at least the ones who voted for these monstrous PPPP and PML-N candidates, deserve this. It is not as if these voters knew nothing about the gory past of these parties. We all knew full well how the two parties looted Pakistan in the past and committed wide scale corruption, almost destroying the nation. I am surprised even if a moron expected these ghastly characters to have done something new or different this time around.

    You reap what you sow.

    ++++++++

    © Musharraf Supporters 2008 All rights reserved

    Posted by: uss017 | September 27, 2008

    Finding love in all the wrong places

      ZARDARI: “You are even more gorgeous than you are on the (inaudible).”

      PALIN: “You are so nice. Thank you.”

      ZARDARI: “Now I know why the whole of America is crazy about you.”

      [A Zardari handler tells the two to shake hands again for the cameras.]

      PALIN: “I’m supposed to pose again.”

      ZARDARI: “If he’s insisting, I might hug.”

    The above does not surprise me. You can only expect this buffoonery from a half educated playboy coming from the feudal class, where women are generally treated as sub-human objects.

    But, on a lighter note, I think this may undermine the veracity of the rumour according to which there is a thing going on between Zardari and Sherry Rahman. One would have expected Sherry Rahman to have confronted her man when he was so openly hitting on another woman. But this did not occur.

    Getting serious again, there is an interesting interview Zardari gave to MSNBC which can be seen here. Certainly he is no confident and intelligent Musharraf who enjoyed teaching such interviewers a lesson through his wit, though Zardari did manage to make it clear that Pakistan is 100% against terrorists, extremists and more than willing to confront them.

    Having said this, a few critical observations:

    When asked what message he would convey to the U.S. President upon their meeting, Zardari replied he would “first of all I will thank him for democracy” in Pakistan and that this was part of the “promise” made by George Bush to “our part of the world.” At least he’s honest; this so-called ‘democracy’ movement was heavily supported and facilitated by the Americans. Musharraf was quite falsely and deceptively accused of being an American lackey by his opponents belonging to the PPPP, the PML-N and other groups. Yet we have here an open admission of U.S. intervention and assistance by Zardari.

    Zardari also said that his government ‘redefined’ the war on extremism/terrorism as “our war.” This is a blatant lie. Musharraf and the previous government had repeatedly said that this war was “our war” and how it was only in our benefit to fight the terrorists and the extremists. Hence to call it “our war” now is no “redefinition” whatsoever. Zardari went on to say that “may be this was somebody else’s war yesterday but today it is our war.” I do not know what this means. How does this ‘logic’ work? Why yesterday this was not “our war” and today it is “our war”? Whence comes this transformation? How does it work?

    As if anticipating my question, Zardari proceeded to seemingly present the logic behind his weird comment by referring to the Marriott blast, saying that 80% of the casualties were Pakistanis and not Americans. Therefore, he continued, this is “our war.” Are we to believe that in the terrorist attacks within Pakistan under Musharraf, 80% of the casualties were Americans and not the Pakistanis and, therefore, it was “not our war” during the Musharraf era? There is simply no sense that can be attached to Zardari’s absurd argument.

    The interviewer also repeated the infamous lie that Pakistan received “more than $10 billion” (see this and this) aid from the U.S. over the past 7 years under Musharraf, that Americans believed that Pakistan played a “double game” and that Pakistan did not go after al-Qaeda aggressively. One would have expected an honest, sober minded and a decent Pakistani nationalist President to have set the record straight, irrespective of his/her opposition to Musharraf, namely, that 1) Pakistan did not receive “more than $10 billion” from the U.S as aid; 2) Pakistan had been pursuing the militants aggressively for quite some time. But then again, only a decent, sober minded Pakistani nationalist would have replied as such. Zardari is not such a guy. Zardari gleefully agreed with the interviewer’s distortions, without bothering to ponder over the resultant inevitable negative impression this dishonest reply conveys of Pakistan as an ally to an outsider.

    Zardari proceeded to assert that former President Musharraf was allegedly ‘ill-advised‘, ‘short sighted‘ and “not suited for the job.” Me thinks Zardari is looking in the mirror.

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