Support Ansar Abbasi
By Ali Yar Khan • Nov 18th, 2008 • Category: Politics • 33 CommentsThe political pundits who received brunt from the media during the era of General (r) Pervez Musharraf and were exposed thoroughly including Fazlur Rehman and ANP have joined hands with some of the media bashers in the Pakistan People’s Party to launch a concerted, planned and vicious offensive on the private media. Some of the anchorpersons and their programs are the prime targets of these bad-mouthers.
Recently, Editor Investigation The News, Ansar Abbasi published some revealing reports about the greed of Fazlur Rehman and his cronies of JUI-F, who received vast precious agricultural land from Musharraf in lieu of their support for the 17th amendment. Fazlur Rehman went nuts. His big and bad mouth crones started bashing the Ansar Abbasi through their illogical threats. Many of them dubbed journalist as part of the Jewish lobby, and termed it a poisonous propaganda.
The governor of Punjab, Salman Taseer who himself runs a newspaper and a T.V channel ridiculed the T.V anchors and termed them enemy of nation. Salman Taseer is of the opinion that anchorpersons of these TV channels think of themselves as some godly figures. He said if they (TV anchorpersons) were in the West, they would have long been handcuffed and arrested.
These are once again tough times for the Pakistani media, which is the only way through which people can keep their eye on the government and get to know the real truth.
Trackback URL
|
|
|
Click For More Articles By Ali Yar Khan
My words are my soul, and soul is what I cherish most and care most.
All posts by Ali Yar Khan
You can follow any responses to this entry through the RSS 2.0 feed.
Ansar Abbasi is real a beacon, and all who believe in free speech must support him.
This is the man partly responsible of Pakistan’s present debacle, played vital role in making Pakistan instable ad indulging it in chaos and turmoil.Pakistan has suffered/suffering from the negative attitude of such persons, who are harming it more than an indian agent in the disguise of yellow journalism
He needed to ride on donkey by Pakistanis with his face blackened having garland of shoes around his neck and treated with rottenn eggs and tomaoes….., and believe me he deserves that.
If he had little love for Pakistan, he would have thougt a no. of times for what would be after-affects of his doings.
Shame on you, Ansar Abbasi.
Another eye-opener for the people of Pakistan and a hard slap on the faces of Musharraf Bashers and another time they should DIE IN CHULLOO BHAR PANI
PPP govt has one face for domestic audience, another for world community
Monday, November 17, 2008
By Mehtab Haider
ISLAMABAD: While admitting substantial reduction in poverty by over 12 per cent from 2001 due to the improved economic situation, the PPP- led government has endorsed the poverty figure of 22.3 per cent of the Aziz-Musharraf government in its latest official document titled “Draft Poverty Reduction Strategy Paper (PRSP-II).”
The PPP government has dual faces ——— one for the consumption of domestic audience and the second for the international community, including the multilateral and bilateral donors, in order to convince them for lending money in order to remove economic woes.
The government is preparing the much awaited PRSP-II document on the basis of which it will get multi-billion dollars in the next three- to five- year period. For domestic audience, sources pointed out that Advisor to the Prime Minister on Finance Shaukat Tareen had said recently in the Senate that the people living below the poverty line comprised 40 per cent of the total population. But his ministry’s official document states that the poverty level stood at 22.3 per cent in accordance with the latest available survey of 2005-06.
The advisor had used the survey of the Planning Commission’s panel of economist in which they used the expenditure data of 2005-06 and applied recent inflation number in order to jack up the poverty figures from 23.3 per cent to 35 per cent.
But all independent economists as well as donors were amazed that how the incumbent regime was comparing apple with oranges. “There is no need to change goals for analysing the poverty figure because no one will trust the government,” said one of the officials.
The government has collected data for the Household Income Expenditure Survey 2007-08 and on the basis of this data the poverty survey will be done within the ongoing financial year 2008-09.
The PRSP-II is meant to address the foreign countries as well as the donors’ community in which the government concedes that the poverty was on decline during the PRSP period from 34.6 per cent in 2001-02 to 23.3 per cent in 2005-06.
“Poverty in both urban and rural areas declined from 2001-02 to 2005-06 as urban poverty declined from 22.7 per cent in 2001 to 13.1 per cent in 2005-06 and rural poverty reduced from 39.3 per cent in 2001 to 27 per cent in 2005-06,” states the PRSP-II document.
The PRSP-II further states that the poverty in all its forms and manifestations witnessed decline in the recent years as the extremely poor stood at 1.1 per cent in 2001, which declined to 0.5 per cent in 2005-06. The ultra poor stood at 10.8 per cent in 2001 that declined to 5.4 per cent in 2005-06. The poor stood at 22.5 per cent in 2001, which reduced to 16.4 per cent in 2005-06. Educational attainment and occupation household heads appear to be highly correlated with poverty incidence of the households. According to the Pakistan Social and Living Standard Measurement (PSLM) survey 2005-06 data, educational attainment of household heads differ starkly between the rich and the poor.
Among the poorest 20 per cent population (or quintile), nearly 70 per cent household heads did not complete class I; however, among the richest quintile, only 20 per cent household heads did not complete class I.
On the other hand, almost no heads in the poorest quintile completed class II or more while more than 30 per cent of heads in the richest quintile completed class II or more. In 2005-06, nearly 40 per cent of household heads in the poorest quintile held the so-called “elementary occupations” while less than 20 per cent in the richest quintile held the elementary occupations.
Ansar Abbasi is loose cannon.
This man is in a raw form and needs to be tamed. He can prove to be a great asset provided he joins some good disciplined and patriot intellectual think tank.
Most of the times; people find him naughty but he is nice…!
every ordinary person who got brain can distinguish what is right and what is wrong..
ander kee kamengee maroo gey toy sachai ka pata lagey ga..
wel done Ansar Abbasi..those who got brain r with u.
Aashique of Musharraf Says:
November 18th, 2008
This is the man partly responsible of Pakistan’s present debacle, played vital role in making Pakistan instable ad indulging it in chaos and turmoil.Pakistan has suffered/suffering from the negative attitude of such persons, who are harming it more than an indian agent in the disguise of yellow journalism
He needed to ride on donkey by Pakistanis with his face blackened having garland of shoes around his neck and treated with rottenn eggs and tomaoes….., and believe me he deserves that.
I am not much educated as u r and live in small town but I am proud that some one like you have the
courage and knowledge to challenge evil forces working against the good will and security of our beloved country. But respected sir I don’t agree with you to just give then a joy ride on donkeys with some sort of garlands. These people should be tried and and must not be allowed to be in politics or adminstaration for ever some sort of Ayub Khan abdo. we small town people have no big platform but people like you well educared and living in big cities have better exposure and access to press, all we can do to support u morally and small jalsa jloos. you got our support and dua. But do it in a organize and well planned way. God help every true patriot Pakistani to work intelligently and organise way to counter there well organized crimes.
People like Umir who are even not educated enough to put down few lines properly, need more awareness and access to educated thoughts throug many politically aware succhay Pakistani like your self. This is where innocent People like Umir need more guidance and awareness.
Also as you qouted:
Monday, November 17, 2008
By Mehtab Haider
Is more realistic and as he proved through eddad o shumar as solid proof Mushraff period was golden
and we were progressing fast, jo andoon ko bhi nazar aata hai. Lakin yeh haram toop siasat dannon nay sub rook dia aur Karachi ko bhi kitna nuqsan dia any way The great young mayor will fix it soon. Insha Allah. What siasi jamat you belong sir I would like to join some good party.
Allah ap sub bashaoor logoon ko himmat aur vision day kay is mulaak ka bera paar ho.
Dill laga kar kaam karain Allah apko Himmat aur Taqat Day
Dushmanoon ka mo kala aur Haq ka bolbala
Allah hum sub ko Pyar mohobat aur packa muhib watan banaye
Amin
Respect and take take care
Yeh kia dirty games is mulk mai khailay ja rahay hain.
Yeh bad character Ansar abbasi kon hai aur kaahn say aya hai, Jub acchay log mojoud hain tu aisy nakara log kion laye ja rahay jin sallo ka naam bhi mujhay nai pata.
Mushraaf sahab Rasheed sheikh Tulli aur Altaf Hussain Bhai ko wapass lao Hum bus unko mantay aur janntay hai. Chooron ko nain
Mr Ashaiq mussharf again proved thru his low profile comments that he is no way accepting the crimes of his master , the lord , the almighty mussharf for him only.In his high profile comments, once he blamed ch iftikhar, for all crisis, then he hit some anchors as national criminals for being targeted his lover, then he blamed NRO people who was authorized by his lover to again come and start dirty politics here.Now he or she is using as per his or her mental capacity terms for ansar abbasi who is internationally recognized as the best investigating journalist of Pakistan.Again I request him that prove his ill will intentions through proofs and logics.Ansar abbassi is proving his words with documentations and firmness and we accept same attitude from mussharf cronies to come and show their courage.If some political characters would have put such charges then we can accept the dirty politics from him but if mush lovers are not accepting the crimes of military dictator thru daring journalism then no doubt they are part of loot group in his lawless regime.
nazia,
Musharraf was the best, I have proved it again and again but I think you are among those who are SUMMUM BUKMUM.
Now this govt. got the money from IMF also because of Musharraf”/Shaukat Aziz golden period. They have shown to IMF that Pakistan has progressed well between 2003-2007 and the GDP has grown more than 7.5% during that period so Pakistan deserved a loan on that basis.
Also look at the above when it was published in THE NEWS INTERNATIONAL that during MUsharraf period poverty has reduced quite a bit .
Why people like ANSAR ABBASSI (FB) NOT HIGHLIGHTING ALL THIS OF MUSHARRAF’S REGIME.
I WILL TELL YOU WHY BECAUSE HE IS NOT NEUTRAL NEITHER FAIR WITH HIS PROFESSION (LIKE SO MANY PEOPLE). EVEN HE IS NOT SINCERE WITH HIS COUNTRY, HE HAS DONE SOMETHING (SAME LIKE OUR POLITICIANS, CH. IFTIKLHAR. AITAZAZ ETC ETC) JUST IN THE HATRED OF ONE PERSON WITHOUT CONSIDERING THAT HOW MUCH IT WILL HARM THE COUNTRY IN SHORTER AND LONGER RUN.
IN THE END THANKS TO MR. NAQVI AND AHMED SHAH FOR SUPPORTING AND ENCOURAGING ME.
EARLIER I WAS THINKING THAT NOBODY UNDERSTANDS WHAT IS MY POINT OF VIEW BUT THANK GOD I HAVE AT LEAST TWO PERSONS WHO UNDERSTANDS ME AND I KEEP WRITING IN AND DEFENDING MY COUNTRY ON EACH AND EVERY OCCASSION AND AT EACH AND EVERY LEVEL
Ab boliay Muhtarma Nazia Begum?
Tottay ki tarah ek hi rut lagi hui hai Samjho meri Junior Naqli journalist
English main oot patang essay tu main bhi likh sakata houn, lakin eddad o shumat ki knowledge and proper presentation asal cheez hai. jo ghutlai nai ja saktay.
Baat karo roobdar karo warna chup baitho Mother Terrisa.
The only comments that appear witth facts and truth genionlly patriotic is Mr………?
Aashique of Musharraf I think is an economist turn politician
Aashique of Musharraf Says:
November 20th, 2008
nazia,
Musharraf was the best, I have proved it again and again but I think you are among those who are SUMMUM BUKMUM.
Now this govt. got the money from IMF also because of Musharraf”/Shaukat Aziz golden period. They have shown to IMF that Pakistan has progressed well between 2003-2007 and the GDP has grown more than 7.5% during that period so Pakistan deserved a loan on that basis.
Also look at the above when it was published in THE NEWS INTERNATIONAL that during MUsharraf period poverty has reduced quite a bit .
Why people like ANSAR ABBASSI (FB) NOT HIGHLIGHTING ALL THIS OF MUSHARRAF’S REGIME.
Yeh kia jawab daingay Lajawab ho gai. I think all they need is to Understand facts through convincing
reasonning with brotherly love and effection to be more effective. Keep it up sir you are doing a wonderfull job for Pakistan. You have that art. Congratulatulation
MQM Zinda baad
Wasslam sir
MQM Zinda baad
I always felt that Ansar Abbassi and some others like Bolta Pakistan anchors are never very fair or objective when it comes to urban Sind and their elected representatives.
Kheshgi Says:
November 20th, 2008
Dear Friend
Dair ayad drust ayad
late commer but right commer
Adami apna dimagh aur zameer saaf rakhay, aur dil main hate na ho tu masla hi kia hai.
MQM hum pyar karnay walay hai koin ghiar nahin.
MQM ka imtihaan Karachi banay ga Taraqiyafta Pakistan.
Mustafa Kamal hamari shaan
Read more about MQM
Regards
The economy started nosediving in middle of 2007, when Musharraf was still in power. The growth rate was over 7 % from 2004 to 2007. No independent economic expert can give any credit to Mush era for his self-proclaimed economic boom. The few years in which the GDP growth rate was over 7 %, maily it traces its roots to inflow of US dollars which were given by US administration as a price to be ally in war on terror. That development was NOT sustainable. The criminal negligence on part of Mush Govt was about increase in energy demand that deteriorated fiscal condition in Pakistan beyond repair. Pakistan’s economy faltered earlier to global melt down and Mush is responsible for this debacle.
A good investigative reporter should be supported as he is writing against some ’sacred cows’ in Pakistan which are corrupt.
Ch. Naeem Sidhu says “The economy started nosediving in middle of 2007, when Musharraf was still in power.”
The country was in turmoil due to so-called lawyers movement and irresponsible private media reporting, that combination led to lower investor confidence as well as impacting overall economic conditions and progress.
Kheshgi
welcome
join the club:
Aashique of Musharraf
MQM Vision
United we stand and divided we fall
hum akeelay hi chalay thay janib manzil magar
Log aatay gai aur carvan banta gia
Well Done again well documented fact presentation
Sub ko pyar ki maar do, Larna ghagana kaisa. Our nation need guidence.
Read more about MQM and Mustafa Kamal and present Real picture.
Some so called comentators are presenting their thoughts and have no idea what hell they talking about.
FACTS AND FIGURES AND TRUE PRESENTATION OF ISSUES like we MQM people do
and No one Else NOOO one else. You know why? Because Karachi is most educated and politically aware city
Imam Khomeni Bhi tu bahar reh kar Iran main inqilab lai, wo bhi hakim waqat ki nazroon main mujrim thay. jawab do eshgi?
Altaf Bhai Bhi Muashi Inqilab la rahay hain and Mustafa Kamal is kaam mai jutty hui hain.
log aatay gai aur carvan banta gia
Kheshgi
welcome
join the club:
Aashique of Musharraf
MQM Vision
United we stand and divided we fall
hum akeelay hi chalay thay janib manzil magar
Log aatay gai aur carvan banta gia
Well Done again well documented fact presentation
Sub ko pyar ki maar do, Larna ghagana kaisa. Our nation need guidence.
Read more about MQM and Mustafa Kamal and present Real picture.
Some so called comentators are presenting their thoughts and have no idea what hell they talking about.
FACTS AND FIGURES AND TRUE PRESENTATION OF ISSUES like we MQM people do
and No one Else NOOO one else. You know why? Because Karachi is most educated and politically aware city
Imam Khomeni Bhi tu bahar reh kar Iran main inqilab lai, wo bhi hakim waqat ki nazroon main mujrim thay. jawab do Kheshgi?
Altaf Bhai Bhi Muashi Inqilab la rahay hain and Mustafa Kamal is kaam mai jutty hui hain.
log aatay gai aur carvan banta gia
Hello Friends
Aashique of Musharraf
MQM Vision
Asslam o Alaikum
Sorry I could not join you earlier, you guys are hot. I am really impressed with Aashique of Musharraf for his bold style, and he pin points his intelligently gathered thoughts in a shortest possible way. Sir you know the art of ” Daria ko koozay main bund karna ” I noticed when you express yourself in less words and more compressed logic combined togather, like you do is extremly effective. People understand it easily like I do, even though I am not highly educated, Sir I request you keep us enlightend about current political situation in your without” lagi lipti ” true analysis about situation in Karachi. I once visited Karachi and I fall in love with it especially the occean view, I was facinated , we in our town don’t even have a proper Nadi nala, you are blessed.
I forget what is the name of that PAHARI, I loved it too. I could see the city at night time from that height, and felt the occean breeze,
Any way about politics what do you think what can we with guys like “Ansar Abbasi” to force them work like Donkeys for good of Karachi Pakistan, instaed of kala mo kar kay Donkey ki free ride dain.
Koi hal nikalain kay hamara kaam Donkey ki tarh mehnat sai karain . Wo jo kahtain hain sanp bhi mar jai aur laathi bhi na tootay. “Aam kay aam ghutlion kay daaam.”
Sorry Sir main kuch ziada likh gia, hum simple log hain jab koi pasan aa jai tu kuch zaida bol jattay
Aap meray is baat pai ghoor farmain aur is Mulk ki flah o bahbood kailiay koi intelligent solution nikalain. Kash mery pass aap jaisa ilm hota tu main Karachi aapko join karta.
Khair aap wahan hain Insha Allah Koi hal nikal laingay.
Kabhi Samandar pay jana ho tu ek ghoota meray naam ki lagain. lol
aur haan wahan camel par bhi mai baitha tha.
Allah apki ilm aur Political awarness main roz afzoon isafa farmain.
We need honest people more than anything else and I trust your wisdom.
Allah Hafiz
Sir duaon main yaad rakhain
Fi Aman Allah
Mr aishq mussharf, mqm vision and etc
give me time to reply you accordingly.Its good you have joined hands to support mussahrf at least he find some supporter in last nine years who can come to streets for his favor as it was very surprise for us that when he announced resignation not a single entity and union or group has come out to support him or no body has seen any public request on streets to take back his resignation.So no problem if you people specially like mqm shows no love on streets for him,Instead of this you preferred to shake hands with NRO zardari for personal gains and ministries.MQM people even didnt bother to show some kind of wailing attitude that is unique quality of altaf baji for his last 9 year love for military dictator.
In short I will tell you that no democratic community will ever consider mqm as democratic group who through out favored military rule and enjoy all benefits and NRO package from military regime .No body can deny this truth that your leader is one of coward leader who even never dare to enter his constituency at the time of govt of mqm.karachi is in control of mqm for last 10 years and your leader throughout preferred to talk to Karachi people via telephone, .In one side party is declaring that they are from middle class and yours leader always call his meeting in cool environment of London for discussing the burning issues of country. No body is daring to ask them that who is bearing the expenses of such expensive meetings from so called middle class representatives.
Now come to Ansar abbasi that why he opened such case in this era.As you people looks me unaware of procedures of investigation journalism.This will only possible when journalist will get some clue from concerned departments and that will usually happens when change of govt will take place as during mussarf time no body from land department will dare to leak the secret as it directly hit mussharf who was all in all in that time.People have smelt wrong doing of maulana since long time and it was quite obvious when mussharf took votes for his second tenure.All were looking for some clues with documentation as most of journalists are unarmed and unguarded person and their principal stand is their strength and courage against such huge corruption.
Musharf was best for you as he is best for all corrupt generals, bureaucrats NAB free and NRO politicians dollar smuggler, land lords and tax free business men.He was worst for country. for middle and lower class, killer for his army men and tribal men to please US masters,destroyer of major institutions of Pakistan like army, judiciary,FBR and many more.protector of corrupt and criminal characters like chaudary, altaf and maulana even officially declared corrupt zardari was granted NRO thru his hand.
So keep on supporting mussharf on fake data but I would be real happy that if you call your one leader from his self exile back to his original and right place and surely come on streets for unconditional support of general musharf.lets see who is real He man like character in your group.
Nazia,
Look at the following results from Election Commission and you will get the answer of your question. You can calculate how many seats won by Musharraf supporting parties. Furthermore, you will be astound to know that even the total no. of seats won by PMLQ allies little less than PPP but the total no. of vote cast to PMLQ (Musharraf party) were highest. If was not embraced SHAHADAT (untimely) there was no chance of PPP getting that many no. of seats.
The election result of Pro MuUsharraf parties is really A SHAME (YOUR FAVOURITR WORD)FOR MUSHARRAF BASHERS even with THE HOSTILE MEDIA, LAWYERS MOVEMENT, PRESENCE OF MIANS AND ZARDARI ETC ETC
I don’t in which world you guys are living and just ignoring UNIVERSAL TRUTHS, now you should accept that their people who loves MUsharraf but just waiting for an opportunity to come back in support of him but you just wait and see
Party NA PP PS PB PF
PPPP 87 78 65 7 17
PML(N) 66 101 0 0 5
PML(Q) 38 66 9 17 6
MQM 19 0 38 0 0
ANP 10 0 2 1 31
MMA 3 2 0 6 9
PML F 4 3 7 0 0
BNP(A) 1 0 0 5 0
PPP(S) 1 0 0 0 5
NPP 2 0 3 0 0
INDEPENDENT 27 35 1 10 18
TOTAL RESULTS 259 285 125 46 91
SEATS CONTESTED 268 293 130 51 96
Now look at the following facts and you will know why People like Musharraf and look at the last para why people don’t like politicians and SO CALLED DEMOCRACY
Written By: Afreen Baig
Foreign Reserves – a significant economic indicator and of vital importance to every expanding economy. Foreign Reserves is the first and basic economic indicator that transmits an air of confidence and trust, amongst the potential foreign & local investors and the nation. Foreign Reserves are held in abundance and accumulated - in order to sustain the confidence of a country’s capacity to carry out external trade confidently, to balance the momentum between demand & supply of foreign currencies, and also used as an intervention tool by the State Bank. Reserves also bail out the economy in times of financial crisis.
By October 2007, at the end of Prime Minister Shaukat Aziz’s tenure, Pakistan raised back its Foreign Reserves to a handsome $16.4 billion. His exceptional policies kept our trade deficit controlled at $13 billion, exports boomed to $18 billion, revenue generation increased to become $13 billion and attracted foreign investment of $8.4 billion.
Pakistan recently has seen a drastic drop in its Reserves by 50% and its currency devalued by 40%, which has left ordinary people confused and the usual cynics have started heaping the blame onto the policies of Mr. Shaukat Aziz, without even knowing the basic macro-economic indicators nor understanding the relationship b/w Foreign reserves, Trade deficit and Currency devaluation.
The Trade deficit (Exports minus Imports) is always managed in ratio to Revenue generation, Capital inflows and Reserves. Almost all developing economies face the dread of trade deficit but their abundant foreign reserves gives them the fiscal space to overcome those grievances.
Illustrating in mathematics for ordinary readers, on October 2007, when PM Shaukat Aziz left us:
Exports - $18 billion
Imports - $30.53 billion
Trade deficit - $12.53 billion
Foreign Reserves - $16.4 billion
What is to be seen above is that, Pakistan’s Foreign Reserves $16.4 bn exceeded the trade deficit $12.53 bn by a comfortable $3.87 billion and with an additional foreign investment of $8.4 billion – Pakistan’s currency stayed stable at Rs.61 per dollar.
Currency starts to devalue ONLY when the Trade deficit surpasses the Foreign Reserves. This rare phenomenon occurred in PPP’s incompetent & dense minded government, which has led to devaluation of the currency by 40%. They failed to protect our Sovereignty - our Foreign Reserves!
In PPP’s inept government of eight months,
Trade deficit - $20.74 billion
Foreign reserves - $8 billion
Under PPP, the Reserves fell from $14 billion to $8 billion and the trade deficit increased from $12.53 billion to $20.74 billion.
The moment the foreign reserves ($8 bn) fell below the trade deficit ($20.74 bn), the currency starts to devalue. Under Mr. Shaukat Aziz, Rupee stayed stable till October 2007, because our Reserves $16.4 billion EXCEEDED our Trade deficit of $12.53 billion.
In 2007, when international oil prices reached an alarming level of $140 per barrel it hurt the Imports bill of many developing countries, by increasing the trade deficit. The experienced Mr. Shaukat Aziz gauged this situation and immediately started monitoring & controlling individual sectors that were importing. He allowed imports only in sectors that were export specific. His efforts resulted in decreasing our Import bill by 6.53% by September 2007 (one month before he left).
Rupee stayed stable throughout Mr. Musharraf’s supported governments. Trade deficit never exceeded the foreign reserves in the last eight years. The results were as follows – a stable rupee:
2001-02: Rs. 61
2002-03: Rs. 57.7
2003-04: Rs. 57.92
2004-05: Rs. 59.66
2005-06: Rs. 60.16
2006-07: Rs. 60.5
2007 (Dec): Rs. 61
What did the inefficient PPP do in these last eight months? They failed to monitor each sector of imports to control them individually. Pakistan’s economy started destabilizing because PPP could not guard our $14 billion reserves. Nor did they utilize any effort to increase the reserves from where Mr. Shaukat Aziz left it at $16.4 billion! The easier way out for them is to beg around the world barefaced or go back to IMF disgracefully.
What did the PPP further do? They increased the import bill by 55% in the months April to June 2008 and again increased it by 52.65% in the months July to September 2008 – though world oil prices fell from $140 per barrel to $70 per barrel.
Flight of capital takes place ONLY in economies where there is lack of trust and faith! Investors and endowing Public do not trust the government of PPP and are wary of PPP’s earlier corrupt reputation.
In the first four months of PPP, around $22 billion were withdrawn from the economy and KSE’s market capitalization fell by $29 billion. The State Bank was forced to place ban on transfer of dollar outside Pakistan.
Foreign reserves get hurt twice in this depletion process. First, when the investors and public pull back their money. Second, when macro-economic indicators witness imbalance and the government is forced to pay their external liabilities through these Reserves. This second stage occurs only when the government loses other means of regular income and is unable to control their imports.
Every country in the world is forced to make Imports. Imports help boost Exports. Even the world exporter China makes an import worth around $954 billion, to further promote their exports. But, Imports should be Export specific – scrutinized and restrained monthly – which was being done under the policies implemented by Mr. Shaukat Aziz.
Let’s analyze the steady India, as an example, with GDP growth of 9%.
Indian Imports - $188 billion (compared to Pakistan’s imports of $40 billion)
Indian Trade deficit - $63 billion (compared to Pakistan’s deficit of $20 billion)
The Indian currency is not devaluing because their Foreign Reserves $308 billion exceed their trade deficit of $63 billion.
Had Mr. Shaukat Aziz continued, the Trade deficit would have been kept controlled in accordance with Pakistan’s Revenue generation, Capital inflows and Foreign Reserves – which would have kept our rupee stable and economy booming at 7% GDP growth.
This latest IMF tranche of $7.6 billion, pre-arranged for a period of two years, will not help boost an economy whose foreign investment is declining, and where the trade deficit exceeds the total foreign reserves. This economic deception is yet another soothing drug given to us, by our unpopular democratic government of PPP.
If Pakistan wishes to remain free from influence of IMF, there is no better option than to assert our economic sovereignty and accumulate Foreign Reserves, from help of over-seas Pakistani. Regrettably, PPP lacks the credibility and the reliability to attract back that trust and confidence!
With thanks to Afreen Baig
Afreen Baig is an independent analyst majoring in International Relations and Economics. She can be reached at afreenbaig@gmail.com
Musharraf Era performance: Pakistan Flourishes
Mirza Rohail Baig
This is all the more amazing when one considers that just five years ago, Pakistan was on the verge of bankruptcy, with only a little more than $1 billion in foreign exchange reserves, its stock market teetering at 1,000 points (worth $5 billion only) and foreign debt servicing at 65% of GDP.
The forex reserves now stand at over $16.5 billion. The once ever-declining rupee has been stable at around 60-61 to a dollar since Musharraf took over. Of the 184 member countries of the IMF, Pakistan’s rate of economic growth (7%) has been one of the best in the world. Moreover, the Karachi stock market is now above 13,000 points and worth around $65 billion. On top of that, foreign debt servicing has now decreased to 28%.
1. The Pakistan economy is among the fastest growing economies in the world, having reached the size of $160 billion from a mere $70 billion in 1999. Furthermore, Pakistan attracted a record investment of $6 billion last year.
2. 2007: National revenues had swelled from Rs 308 billion during 1988-99 to around a trillion in 2007 and the FBR now estimates 2.8 million income tax payers.
3. Public sector development program (PSDP) has grown from Rs 80 billion in 1999 to Rs 520 billion in 2007.
4. FACT: The rate of growth in Pakistan’s Large Scale Manufacturing (LSM) is at a 30-year high. Construction activity is at a 17-year high.
5. FACT: The Infrastructure Industries Index, which measures the performance of seven industries (i.e., Electricity generation, Natural gas, Crude oil, Petroleum products, Basic metal, Cement and coal) has recorded a 26.2 percent growth in the Industrial sector of Pakistan.
6. FACT: Jan 14: According to the National Education Census (NEC-2005), Pakistan now has a total of 245,682 Educational institutions in all categories, including 164,579 (i.e. 67%) in the public sector and 81,103 (i.e. 33%) in the private sector.
The census — jointly conducted by the Ministry of Education, the Academy of Educational Planning and Management (AEPAM) and the Federal Bureau of Statistics (FBS) — reveals that the number of private-sector institutions has increased from 36,096 in 1999-2000 to 81,103 in 2005, i.e. by 100%. Educational Institutions have increased by 45,007 in the Musharraf Era.
7. FACT: According to an IMF report, Pakistan is 3rd in Banking profitability in the world. On the IMF chart, Pakistan’s banking profitability is on third position after Colombia and Venezuela. On the same IMF chart, India is on the 36th position and China is on the 40th position.
8. FACT: According to a report entitled, “Doing Business in 2006,” co-sponsored by the World Bank and the International Finance Corporation (IFC), Pakistan globally ranks 10th among the countries most active in pursuing pro-business policies.
9. In 1999 what we earned as GDP: we used to give away 64.1% as foreign debt and liabilities. In 2006, what we earned as GDP: we gave ONLY 28.3% as foreign debt and liabilities. We are now SAVING 35% of our GDP for economic growth.
10. According to the Economic Survey 2005, poverty in Pakistan in 2001 was 34.46%. And now, after 7-8 years of Musharraf, poverty in 2005 was 23.9%. Thus, poverty DECREASED by 10.56%. Overall, 12 million people have been pushed out of Poverty in 2001 - 2005!
11. Literacy rate in Pakistan has increased from 45% (in 2002) to 53% (in 2005). Education now receives 4% of GDP and English has been introduced as a compulsory subject from grade 1.
12. 12-4-07: The IT industry, which was virtually non-existent seven years ago, has grown to be worth $2 billion of which $1 billion is export related. It registered a 50% growth. 55 foreign IT companies have already entered the market. Now the I.T. sector alone employs 90,000 professionals.
13. Nov 2006: President Musharraf said that Pakistan will set up Nine Engineering World Class Science and Technology Federal Universities by 2008 with foreign assistance. He said the institutions of higher learning would be established in collaboration with Italy, South Korea, Japan, France, Sweden, Netherlands, Germany, Austria and China. The Cost of building these Universities will be over Rs 96.5 billion.
The Vice Chancellors, Heads of department, Professors and Faculty of the planned university will be from these foreign Universities, while the examination system, the quality assurance followed, as well as the Degree awarded will also be from these foreign Universities.
14. The Government has approved to give at least 4% of GDP to Education in the 2007 budget.
15. In 1999-2000 there were 31 Public Universities. Now 2005-2006 there are 49 Public Universities.
Air University (established 2002); Institute of Space technology, ISB (established 2002); Sardar Bahadur Khan Women University, Quetta (established 2004); University of Science & Technology, Bannu (established 2005); University of Hazara (founded 2002); Malakand university, Chakdara (established 2002); Karakurum International university, Gilgit (established 2002); University of Gujrat (established 2004); Virtual University of Pakistan, Lahore (established 2002); Sarhad University of IT, Peshawar (established 2001); etc.
16. 6-member delegation of Australian Department of Education, Science & Technology and AusAID, visited Pakistan on the request of PM Shaukat Aziz in order to help Pakistan in its efforts to realign its TVET (Technical and Vocational Education and Training) according to the market needs. Chairman NAVTEC, Altaf Saleem, informed the delegation about NAVTEC plans to increase the capacity to train one million people annually by 2010 from the present annual capacity of 320,000.
17. Defense Exports of Pakistan have crossed the $200 million mark as the country’s robust Defense manufacturing industry continues to expand. This was disclosed by Major General Syed Absar Hussain, Director General, Defense Export Promotion Organization (“International Defence Exhibition and Seminar (IDEAS) 2006″ held at karachi.).
18. President Musharraf inaugurated an 18 Mega Watt Naltar hydro power project, of over Rs. 1.36 billion. The project was completed in four years at Naltar near Gilgit.
19. Pakistan is now in Large-scale Nuclear expansion. The reactor under construction could produce over 200kg of weapons-grade plutonium per year, assuming it operates at full power for a modest 220 days per year. At 4 to 5 kilograms of plutonium per weapon, this stock would allow the production of 40-50 Nuclear weapons a year.
20. The Karachi Port Trust (KPT) and Hutchison Port Holdings (HPH) of Hong Kong will sign a concession agreement for setting up a US$1 billion Deep-water container port, the first in Pakistan. KPT will invest $450 million for infrastructure development for the project. HPH will invest $557 million. In the first phase, a 1,500m quay wall will be built with a designed dept of 18m.
21. GILGIT: President Musharraf inaugurated the dry port in the border town of Sust, 200 km north of Gilgit. The Dry port, a Pakistan-China joint venture, was built in 2004 at a cost of Rs90 million, on a height of 10,000-foot.
22. Dec 2006: President Musharraf said that many canals, including the Thal and Raini canals, were being constructed for better utilization of the available water. He said Rs66 billion was being spent on the brick-lining of 87,000 canals in the country, adding that 6,000 new canals would be brick-lined next year.
23. The Private Power Infrastructure Board (PPIB) has approved expansion of Tarbela dam power project which would generate 960 MW costing $500 million.
24. President Musharraf recently inaugurated the Mirani Dam. Mirani Dam in Kech area of Mekran district, with a catchment area of 12,000 square kilometer, has been built in four years at a cost of Rs6 billion which includes Rs1.5 billion in compensation to the affected people. It will have a storage capacity of over 300,000 million acre feet of water.
25. Gomal Zam Dam: This project started in Aug 2002 and is expected to be completed in early 2008. It is located in the Damaan in NWFP. It is 437 feet high and will irrigate about 163,000 acres of land. The total costs amounts to Rs. 12 billion, with a gross storage of 1.14 MAF. It will produce 17.4 MW of electricity.
26. Mushrraf says the government is constructing the Katchi Canal, costing Rs40 billion, and that Punjab had been gracious to provide land for the 350 kilometer stretch which will pass through the province.
27. The Economic Coordination Committee decided to set up a $2-billion mega Oil refinery at Khalifa Point in district Hub, Balochistan. The refinery, commissioned by 2010, would have a maximum refining capacity of 13 million tons of petroleum products — higher than the country’s total existing capacity of 12.8 million tons.
28. Pakistan Steel Mills Corporation (PSMC) during the quarter July-Sept 2007 recorded the highest ever-sales figure of Rs 9.3012 billion.
29. The Compressed Natural Gas (CNG) sector of Pakistan has attracted over Rs 70 billion investments during the last five years as a result of liberal and encouraging policies of the government. Presently, some 1,765 CNG stations are operating in the country, in 85 cities and towns, and 1000 more would be set-up in the next three years. It has provided employment for 30,000 people in the country.
30. The Securities and Exchange Commission of Pakistan (SECP) has registered 1,135 companies during the first quarter (July-September 2007). With the new registrations the total number of registered companies with SECP as of September 30 reached 50,125.
31. Telecom sector has attracted an investment of $ 9 billion in the last three years. It alone created 80,000 jobs directly and 500,000 jobs indirectly.
32. Former corrupt and incompetent Prime Minister, Nawaz Sharif, made only one motorway – M2 (Lahore – Islamabad). Under Musharraf 6 motorways are either completed or under construction:
•M1 (Islamabad to Peshawar) - (Rs.13 bn) - [155 km] - (started 2003 - Completed Oct 2007)
•M3 (Pindi to Faisalabad) - (Rs.5.6 bn) – [53 km] - (started 2002 – Completed 2004)
•M8 (Gwadar to Ratodero) – [1072 km] - (started 2004 – will complete 2009)
•M9 (Karachi to Hyderabad) – (Rs.6.3 bn) – [136 km]
•M10 (Karachi Northern bypass) – (Rs 3.5 bn) – [56 km] – (completed 2007)
•M11 (Lahore to Sialkot) – (Rs.23 bn) –[101 km] – (started 2006 – under construction)
33. Under Musharraf various highways under construction throughout the country. Including N5, N-25, N-35, N-45, N-50, N-55, N-65, N-70, N-75, N-80, S-1, etc.
34. General Pervez Musharraf inaugurated the Makran Coastal Highway (N-10) project in August 2001, consisting of Karachi-Gwadar, Pasni-Gwadar, and Ormara-Liari (Balochistan) Highways. The cost of the Liari-Ormara Highway was Rs3.9 billion and that of Pasni-Gwadar Highway, Rs2.8 billion respectively. The total length of Makran Coastal Highway is 533 kilometers.
35. 2-12-07: Sialkot International Airport Limited (SIAL) completed. The 1,002-acre airport is 13 km west of Sialkot and is linked by a road to Gujranwala, Wazirabad, Gujrat, Narowal, the Export Processing Zone (EPZ) and the Sialkot Dry Port Trust.
36. Ghandara International Airport (Islamabad) the first-ever green-field airport being built at a cost of $400 million; with a renowned international consultant, Louis Berger Group of USA. President Musharraf laid the foundation stone of the project on April 7, 2007. It will be completed by Dec 2010. Its total area is 3700 acres (15 km²).
37. Major Industrial estates are being developed under Musharraf’s vision: M3 industrial, Sundar industrial estate, Chakri industrial, etc.
38. Oct 2007: In the current fiscal year the Mining and Quarrying sector has registered a growth rate of 5.6 percent. Increased growth was propelled by strong growths recorded in magnetite (30 percent), dolomite (26.1 percent), Limestone (25.2 percent) and chromites.
39. The government has already started various initiatives, to discover and develop world-class copper-gold deposits in Chagai Baluchistan by Australian Firms which would fetch $500 million to $600 million per year.
40. Major reserves of COPPER & GOLD in Baluchistan’s Rekodiq area were discovered in early 2006. It has ranked Rekodiq among the world’s top seven copper reserves. The Rekodiq mining area has proven estimated reserves of 2 billion tons of copper and 20 million ounces of gold. According to the current market price, the value of the deposits has been estimated at about $65 billion, which would generate thousands of jobs.
41. Executive Committee of National Economic Council (ECNEC) recently approved 45 developmental projects in its meeting, including six revised projects, with a total cost of Rs 154.1 billion and with a foreign exchange component (FEC) of Rs 36.8 billion.
42. Rs 9.8 billion have been allocated for 91 different mega projects at Public Sector Universities across the province, said Sindh Governor Dr. Ishrat-ul-Ebad Khan.
43. Oct 2007: A fully functional TMS (Tax Management System), including profiling, withholding, return/payment filing, rectification, refunds, audit, and legal tracking is scheduled to be operational by 2007 in Pakistan, to process the tax year 2007 returns, according to World Bank.
44. The government is providing Sui Gas facility to areas of South Punjab at a cost of Rs 1.311 billion. A total of 1,138 kilometre gas pipeline is being laid. The districts benefiting from these schemes mainly include Multan, Khanewal, Bahawalnagar, Rajanpur, DG Khan, Vehari and Muzaffargarh.
45. The Karachi city government’s rehabilitation of Industrial zones and improvement plan for all four industrial zones of the city needs to be completed in 7-8 months. The projects are worth Rs 2.5 billion whereas the ‘beautification’ project worth Rs 4.5 billion.
46. 27-11-07: Pakistan Navy Ship Zarrar, the first of Multi-Role Tactical Platform (MRTP-33), was commissioned into Pakistan Navy at a ceremony at PN Dockyard.
47. 29-12-07: City Nazim Mustafa Kamal said the construction work of a 47-storey IT Tower in the vicinity of Civic Centre at a cost of $200m would start soon. Around 40,000 youth would get employment in the IT Tower. It will have 10,000 call centres, out of which 6,000 have already been booked so far.
48. The President approved the project of laying of 940-kilometre-long “standard gauge” Railway track between Gwadar and Quetta, with a cost of Rs 75 billion. A German firm won the contract.
49. To increase the income of farmers, the Government is investing Rs7.80 billion, under which a “Food Security Program” will be launched. Initially, it will be launched in 1,000 villages. The President said that Rs 3.60 billion would be invested in live-stocks and dairy sectors. About 1,200 model dairy farms and 2,950 cattle breeding farms will be established under this investment project.
50. Pakistan will launch a Self-controlled Remote Sensing Satellite System (RSSS), at a cost of Rs19.3 billion, to ensure strategic and unconditional supply of satellite remote sensing data for any part of the globe over the year. SUPARCO will implement it over a period of six years. President Musharraf has approved the project in principle.
51. The Governor of Sindh, Dr Ishrat-ul-Ebad Khan, inaugurated the DUHS Medical Research City with Dow Diagnostic Reference and Research Laboratories and Jinnah Genome Centre as its important components. He also laid the foundation stone for a library and sports complex which houses different constituent institutions of the university.
52. President Musharraf inaugurated a 50-bed state-of-the-art Workers Welfare Fund Kidney Centre. The first-ever kidney centre in Baluchistan, constructed on 7.5 acres, at a cost of Rs385 million, and having the diagnostic, dialysis, surgical and lab facilities, will help the people of this area.
53. Karachi: The building of the 50-bed Kidney Centre in Landhi has been completed. Minister Muhammad Adil Siddiqui said that the building of this centre had been built at a cost of Rs70 million.
54. CM Pervaiz Elahi inaugurated Pakistan’s first Software technology park (STP) on Ferozpur Road, to be implemented by Punjab IT Board (PITB). The Rs 1.5 billion project is set over an area of 32 kanals; will be completed in 12 months and is expected to directly create 10,000 jobs and generate economic activity of Rs 9 billion per year.
55. In what is considered a major leap for Pakistan, a Polytechnic Institute is being established to produce skilled workforce that will rescue the manufacturing industry from the clutches of foreign dependence. Being built in Korangi at a cost of Rs450 million, this government-funded institute will start operating in January 2007 and prepare 500 workers by the end of the first year, besides producing 22 different types of dies and moulds for aviation, telecom, pharmaceutical and other industries. Experts from Germany, Japan and Thailand assisted in developing its curriculum.
56. Police Act 1861 replaced by Police Order 2002 after 141 years. Police force divided into three separate wings: Watch and ward, Investigation and Prosecution.
57. Federal Minister for Commerce, in order to modernize tobacco farming in the country, is setting up a state-of-the-art Tobacco Research Centre in Bunner. Annually 8 million kilograms of Virginia tobacco (fine quality), worth Rs 9.2 billion is cultivated in Bunner. Under construction.
Post-Musharraf scenario please … By Murad Ansari.
And Pakistan would revert back to being the 2nd most corrupt country in the world (declared by Transparency International in 1995 during BB rule) from 42nd in 2007 according to TI (FYI India is ranked 36th on the same list).
GDP growth rate, which has been over 7% for the last 5 years, would drop down to 2 to 3 percent like in the 90s.
Exports which grew from $9 billion in 1999 to $18 billion in 2007 and are poised to cross $25 billion in next couple of years would go back to $ 9 billion or less like in the 90s.
FDI, which is over $6 billion in 2006-2007 would go down to the level of 1999 i.e. $350 million.
All industrial sectors, which have been showing double digit growth rate, would turn into sick units like in the 90’s.
Pakistan would fall back into the trap of IMF and our leaders would be going around in the world with a begging bowl asking for loans just to pay off the interest.
Tax revenues, which grew from Rs 200 billion-Rs 300 billion to over a trillion rupees in 2007, would be used to buy more palaces in the U.K.
Poverty, which declined from 35% in 1999 to around 23% in 2007 according to ADB, CIA World Factbook, World Bank etc. would this time rise to God knows how many percent.
Missile monuments would be erected on every major intersection of Islamabad (like Nawaz Shareef did) to tell the people how hard we are working to solve their problems.
Hollow slogans like “Qarz Utaro Mulk Sanwaro” (rough trans: “remove the debt; improve the country”) would come back into fashion.
SHAME! SHAME!
Mr shame on you
I am really surprised that you didnt read the history of military rules in Pakistan,In all three major tenures we had the best economical status as US flooded its dollar funds to their puppets generals for their war games and as soon as people started showing resentment on US policies, they started taking out their money ventures from our institutions and result was always be same .After each military rule we always have bunch of corrupt politicians with flat tyre like economy and this way people of Pakistan always come to one focal point that democracy was worst system of governance for us.You and afreen beig like people are surely benficiery of army mafia who likes living in crystal house that is guarded by armed men name as army.Just a stone can demolish this crystal house as it is without foundation and only for decorative purpose.If you say your leader did concrete steps then why flying capital was vanished form scene in month of november when he was still on seat of President.Or if he is so strong and honest then why he gave clean chit of NRO to most corrupt characters who are internationally declared accepting kick backs of billion dollar .He could made demand of return of kick backs from their swiss accounts in granting them NRO but that man was only interested on grabbing his President seat and that was the only demand on this NRO forum.Unluckily he trusted on snakes and he had faced same consequences that is always the fate of a military dictator as two evils cant live in same home.
So again I request you if you live in schizophrenic illusions then please show us your strength on streets as we are still unable to see his public strength.If you say his team was winner of last elections then where were they when he was giving his resignation.At least 100 people should had come for showing him their love to him.At least mqm should mad public request to him for not retrieving back as its workers are expert on such request.Altaf baji gave them lot of training and opportunities for such kind of incidents as he did same many times.He is as usual most abused person on our streets , now his ex friends are also enjoying the company NRO president for picking up best ministries for them.
Nazia,
You are a hopeless case!!!