Losing Worth, Where is Tiller
By Sameer Shaharyar • Nov 7th, 2008 • Category: Politics • 4 Comments •The hope is losing it’s worth, and along with that everything else is. One fact remains to be admitted by the ruling elite that the country is far worse now what it was during the era of General (r) Pervez Musharraf, who still can do a lot for this country if given a chance, and these incompetent politicians can be exiled again for ever this time.
The foreign reserves have become half then they were on 18th February, when everyone was singing of the new dawn, hope, dreams and the new era and the change in the offing. The cursed and hated man Musharraf at last shown door and he went out with dignity, but not before he reminded us of our plight and the upcoming perils.
Those perils are now at our heads, but the Zardari and his mafia is busy in appointments, lootings, smiles, praises and other useless activities doing nothing but making people vomit in disgust. Survival is at stake, foreign investment is not coming at all while those who had already invested here are taking their capital out, but our rulers are there sitting smugly smiling and keep on smiling.
Last 5 posts by Sameer Shaharyar
- Dengue Fever was also due to Musharraf : PPP Says - November 23rd, 2008
- 11-Point Demands of PML(N) - November 15th, 2008
- Qadirpur Gas Field on Sale - November 14th, 2008
- Appointment of Senator Israrullah Zehri as Minister - November 11th, 2008
- President Zardari to Create Amnesia for Success - November 10th, 2008
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It’s the time for the educated middle class and political aware public to go out, to protest, and to bring down the corrupt Government, to show the world that we are not stupid to let a criminal a thug to rule us. Its time to say enough lip service and do some action, we have to be bolder and braver. In this age of information this small gang of looters can no longer hold the whole nation as hostage.
What ur opinion about the recent expansion in the minister fleet?
I remember Sameer, you were also one of the people who opposes Musharraf.
I myself had become Aashique of Musharraf less because of Musharraf but more because of our politicians.
Look below an example of our hypoceites politicians who were out and out against Musharraf economic policies. This is “A slap on the faces of Musharraf bashers and an eye opener for the Pakistani nation.”
Govt must endorse past economic policies to get $7.5bn IMF loan
Thursday, November 06, 2008
By Khalid Mustafa
ISLAMABAD: The government in order to qualify for the IMF loan of $7.5 billion under the newly created Short-Term Liquidity Facility (SLF) is left with no option but to endorse the economic policies of the last decade, a senior official told The News.
The SLF is available to emerging economies with a track record of implementing strong macroeconomic policies, but caught up in the global financial crisis, the IMF website says.
“If Pakistan is to formally move IMF for this loan, it would have to show that country has good track record of implementing good economic policies” the official said.
“If new economic mangers say that country did not perform well in the past, it will not be eligible to qualify for IMF’s Short-Term Liquidity Facility,” he said.
The purpose of this Facility is to provide large, upfront, quick disbursing, short-term financing to help countries with good track record to address temporary liquidity problems in capital markets. The IMF Executive Board approved the SLF on October 29.
Pakistan is to get 500 percent of its quota, which stands at $1.5 billion that amounts to $7.5 billion for two years.
“If the current government moves the IMF for the newly created SLF it would mean that Musharraf regime’s economic policies were in right direction that lifted Pakistan from low to medium income country,” the official said.
In the last Friends of Pakistan meeting held in New York the economic managers of the present government acknowledged that Musharraf regime’s economic policies were in right direction owing to which the macro economic indicators improved. President Asif Ali Zardari was also present in the meeting.
During that meeting it was acknowledged that the size of the economy swelled to $170 billion from $60 billion during the Musharraf regime and the per capita income also increased to over 1000 dollars from 500 dollars. The GDP growth increased to over seven percent for most of the period and foreign exchange reserves scaled to unprecedented height of $16.5 billion in October 2007.
The Zardari regime’s economic managers marketed the performance of the Musharraf regime in the Friends of Pakistan meeting in USA and also in Dubai talks with IMF to qualify the help of friend countries and IMF loan to bail out itself from the economic morass.
“This shows that Zardari regime has dual faces as it acknowledges before the world that Pak economy performed well in the last decade, but on domestic front it says that economic polices of Musharraf have ruined the economy.”
The economic wizards to qualify for their help the and IMF loan want the Friends of Pakistan to believe that the country performed well in last decade and its balance of payment situation has worsened due to global financial crisis and massive hike in oil and food prices.
The official said that Pakistan has now decided to place formal request to IMF after the meeting of Friends of Pakistan that is to be held in Dubai on November 17, as Pakistan wants to exhaust this opportunity first.
However, Friends of Pakistan and international financial institutions (IFIs) want to take IMF on board so that the Fund could monitor the economic policies of Pakistan and to ensure their financial help is being used properly.
THE NEWS INTERNATIONAL
I remember Sameer, you were also one of the people who opposes Musharraf.
I myself had become Aashique of Musharraf less because of Musharraf but more because of our politicians.
Look below an example of our hypoceites politicians who were out and out against Musharraf economic policies. This is “A slap on the faces of Musharraf bashers and an eye opener for the Pakistani nation.”
Govt must endorse past economic policies to get $7.5bn IMF loan
Thursday, November 06, 2008
By Khalid Mustafa
ISLAMABAD: The government in order to qualify for the IMF loan of $7.5 billion under the newly created Short-Term Liquidity Facility (SLF) is left with no option but to endorse the economic policies of the last decade, a senior official told The News.
The SLF is available to emerging economies with a track record of implementing strong macroeconomic policies, but caught up in the global financial crisis, the IMF website says.
“If Pakistan is to formally move IMF for this loan, it would have to show that country has good track record of implementing good economic policies” the official said.
“If new economic mangers say that country did not perform well in the past, it will not be eligible to qualify for IMF’s Short-Term Liquidity Facility,” he said.
The purpose of this Facility is to provide large, upfront, quick disbursing, short-term financing to help countries with good track record to address temporary liquidity problems in capital markets. The IMF Executive Board approved the SLF on October 29.
Pakistan is to get 500 percent of its quota, which stands at $1.5 billion that amounts to $7.5 billion for two years.
“If the current government moves the IMF for the newly created SLF it would mean that Musharraf regime’s economic policies were in right direction that lifted Pakistan from low to medium income country,” the official said.
In the last Friends of Pakistan meeting held in New York the economic managers of the present government acknowledged that Musharraf regime’s economic policies were in right direction owing to which the macro economic indicators improved. President Asif Ali Zardari was also present in the meeting.
During that meeting it was acknowledged that the size of the economy swelled to $170 billion from $60 billion during the Musharraf regime and the per capita income also increased to over 1000 dollars from 500 dollars. The GDP growth increased to over seven percent for most of the period and foreign exchange reserves scaled to unprecedented height of $16.5 billion in October 2007.
The Zardari regime’s economic managers marketed the performance of the Musharraf regime in the Friends of Pakistan meeting in USA and also in Dubai talks with IMF to qualify the help of friend countries and IMF loan to bail out itself from the economic morass.
“This shows that Zardari regime has dual faces as it acknowledges before the world that Pak economy performed well in the last decade, but on domestic front it says that economic polices of Musharraf have ruined the economy.”
The economic wizards to qualify for their help the and IMF loan want the Friends of Pakistan to believe that the country performed well in last decade and its balance of payment situation has worsened due to global financial crisis and massive hike in oil and food prices.
The official said that Pakistan has now decided to place formal request to IMF after the meeting of Friends of Pakistan that is to be held in Dubai on November 17, as Pakistan wants to exhaust this opportunity first.
However, Friends of Pakistan and international financial institutions (IFIs) want to take IMF on board so that the Fund could monitor the economic policies of Pakistan and to ensure their financial help is being used properly.
This is shame for Zardari, Nawaz Sharif, Qazi Hussain, Imran Khan, Shaukat Tareen, Hamid Mir, Kamran Khan, Kashif Abbasi, Ansar Abbasi, Talat Hussain etc
THE NEWS INTERNATIONAL
Hi falam
United we stand
I can feel a Healthy change soon, May be new election in near future.
Get Smart Get ready. I am