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Archive for the ‘Afreen Baig’ Category

Updated September 2009!

Compiled by: Mirza Rohail B and Afreen Baig

  • Pak Economy in 1999 was: $ 75 billion (Source)
    Pak Economy in 2007 is: $ 160 billion (Source) and (Source)
    Pak Economy in 2008 is: $ 170 billion (Source)

 

  • GDP Growth in 1999: 3.1 % (Source)
  • GDP Growth in 2005: 8.4 % (Source)
  • GDP Growth in 2007: 7 % (Source)
  • GDP Growth in 2009: 2 % (Source) and (Source)

 

  • GDP Purchasing Power Parity (PPP) in 1999: $ 270 billion (Source)
    GDP Purchasing Power Parity (PPP) in 2007: $ 475.5 billion (Source)
    GDP Purchasing Power Parity (PPP) in 2008: $ 504.3 billion (Source)

 

  • GDP per Capita Income in 1999: $ 450 (Source)
    GDP per Capita Income in 2007: $ 926 (Source)
  • GDP per Capita Income in 2008: $1085 (Source)

 

  • Pak revenue collection 1999: Rs. 305 billion (Source)
    Pak revenue collection 2007: Rs. 708 billion (Source) and (Source)
  • Pak revenue collection 2008: Rs. 990 billion (Source)

 

  • Pak Foreign reserves in 1999: $ 1.96 billion (Source)
    Pak Foreign reserves in 2007: $ 16.4 billion (Source) and (Source)
  • Pak Foreign reserves in 2008: $ 8.89 billion (Source)
  • Pak Foreign reserves in 2009: $ 14.3 billion (Source)

 

  • Pak Exports in 1999: $ 8 billion (Source)
    Pak Exports in 2007: $ 18.5 billion (Source)
  • Pak Exports in 2008: $ 19.22 billion (Source) and (Source)

 

  • Textile Exports in 1999: $ 5.5 billion
    Textile Exports in 2007: $ 11.2 billion (Source)

 

  • KHI stock exchange 1999: $ 5 billion at 700 points
    KHI stock exchange 2007: $ 75 billion at 14,000 points (Source)
    KHI stock exchange 2008: $ 46 billion at 9,300 points (Source) and $ 20 billion at 4,972 points (Source)
  • KHI stock exchange 2009: $ 26.5 billion (Source) at 9,000 points (Source)

 

  • Foreign Investment in 1999: $ 301 million (Source)
    Foreign Investment in 2007: $ 8.4 billion (Source)
  • Foreign Investment in 2008: $ 5.19 billion (Source)

 

  • Large Scale Manufacturing (LSM) in 1999: 1.5% ( Source)
  • Large Scale Manufacturing (LSM) in 2005: 19.9% (Source)
  • Large Scale Manufacturing (LSM) in 2007: 8.6% (Source)
  • Large Scale Manufacturing (LSM) in 2008: 4.8%  (Source)

 

  • Debt (External Debt & Liabilities) in 1988: $ 18 billion
  • Debt (External Debt & Liabilities) in 1999: $ 39 billion (Source)  (Source)  (Source)
  • Debt (External Debt & Liabilities) in 2007: $ 40.5 billion (Source) and (Source)
  • Debt (External Debt & Liabilities) in 2009: $ 50.1 billion (Source)

 

  • Debt servicing 1999: 65% of GDP (Source) and (Source)
    Debt servicing 2007: 28% of GDP (Source) and (Source)
  • Debt servicing 2008: 27% of GDP (Source)

 

 

  • Literacy rate in 1999: 45% (Source)
    Literacy rate in 2007: 53% (Source)

 

  • Pak Development programs 1999: Rs. 80 billion (Source)
    Pak Development programs 2007: Rs. 520 billion (Source)
    Pak Development programs 2008: Rs. 549.7 billion (Source)

© Our leader – Musharraf 

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5June07

 

Supreme Court 2

 

 

 

Chronological record of events, that validates President Musharraf’s election as President and  subsequent endorsements by Supreme Court

Written by: Afreen Baig

1-      On 13 May 2000, Pakistan’s 12 member Supreme Court unanimously validated the October 1999 coup and granted Musharraf executive and legislative authority for 3 years from the coup date. Justice Iftikhar Chaudhry was one of the judges that validated. (Link)

2-      On 7 October 2002, the 5 member bench of Supreme Court validated LFO and amendments to constitution. Justice Iftikhar Chaudhry was one of the judges that validated. (Link)

3-      On 29 Dec 2004, PML-Q government passed the 17th constitutional amendment bill in National Assembly, with 2/3 majority, also approved by Senate that allowed President Musharraf to hold dual offices. (Link)

4-      Constitution of Pakistan – Article 63 clause (1) paragraph (d), read with proviso to Article 41 clause (7) paragraph (b), allows the President to hold dual office.

5-      On 13 April 2005, the 5 member bench of Supreme Court gave judgment in favor of 17th amendment and President’s uniform. Justice Iftikhar Chaudhry was one of the judges that validated. (Link)

6-      On 28 September 2007, the Supreme Court cleared the way for President Pervez Musharraf to seek another five-year term, and stand for Presidential elections, when six of the nine judges, rejected a tangle of petitions against him and threw out a major legal challenge to his re-election plans. Presided by Justice Rana Bhagwandas. (Link)

7-      President Musharraf was elected President of Pakistan, on 6th October 2007, by a combined electoral of the Senate, National Assembly and the FOUR Provincial Assembles.

8-      President of Pakistan declared emergency on 3rd November 2007, as per Article 232 of the constitution.

9-      The 10 member bench of Supreme Court (SC) on 24 November 2007 directed the chief election commissioner and the government to declare Pervez Musharraf president for a second term. (Link)

10-  On 24 November 2007, the Pakistan Election Commission confirmed Musharraf’s re-election as President. (Link)

11-  President Musharraf won by 58% votes, declared in November 2007, as the constitutional President of Pakistan!

12-   On 28 November 2007, Musharraf relinquished the office of Chief of Armed Staff, as per November 2007 verdict of the Supreme Court.

13-   On 15 Feb 2008, the Supreme Court validated the proclamation of emergency of 3rd Nov 2007, PCO 2007 and oath of the judges. This full court judgment was written by Chief Justice Abdul Hameed Dogar. (Link)

  (more…)

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Written By: Afreen Baig   shaukat-aziz

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

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The only safe ship in a storm is leadership – Faye Wattleton  hi

 

18 August 2008, has become a day of gloom for all Musharraf lovers. Today, our eyes and hearts cry! The man we so loved, honored, admired and cherished for his determination to deliver for Pakistan – and deliver he remarkably did! He was a man who believed & practiced in ‘Pakistan First’. The only honest and visionary leader we ever had. Pakistan progressed and prospered under his leadership. Pakistan had hope under his selfless & patriotic policies. We love you Musharraf!

 

Time is neutral and does not change things. With courage and initiative, leaders change things – Jesse Jackson

General Musharraf in his historic speech to the nation, also enumerating the successes of his 8 years rule, announced to resign as President of Pakistan. General Musharraf was his confident self and his message optimistic. He bowed out with dignity and courage, to avoid confrontation, and in the best interest of the nation and the country. In his words, it was not the time for individual bravado. He received a guard of honor before he parted the Presidency.

 

Nonetheless, despite his mistakes, he has been that rare phenomenon in Pakistani politics — an honest man with good intentions who tried to serve his country to the best of his abilities. In a country that has suffered so much over the years from corrupt and self-serving politicians, there have been too few figures like him. (Editorial Arab News)

 

 

For us – General Musharraf  is our Hero – Our Leader !

A leader takes people where they want to go. A great leader takes people where they don’t necessarily want to go, but ought to be – Rosalynn Carter

Highlights of President Musharraf’s last speech  (Here) and (Here) and (Here) and (Video of Speech)

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ayesha-siddiqa-military-incWritten By: Afreen Baig 

Dr Ayesha Siddiqa’s ‘The Military Inc.’ is a book deflective of reality, highly derogatory and against the very notion of sovereignty.

Dr Ayesha Siddiqa launches the book by giving the impression that her intention is to cover the entrepreneurial activities of military worldwide. However, in depth reading reaffirms suspicions that her book massively targets the Pakistan Military and the top echelons of the Armed Forces, most of which are based upon self serving assumptions and intentional hoodwinking. A labyrinth of financial figures is presented to further obscure the ordinary reader’s intelligence.

The book sets forward four arguments. First, that MILBUS (Military Business) is military capital that perpetuates the military’s political predatory style; and is kept concealed and includes questionable transfer of resources from public sector to individuals connected with armed Forces. Second, the military’s economic greed increases in totalitarian systems. Third, Military convinces the citizens to bear additional costs for security on basis of conceived threats to the State. Fourth, the book considers the Pakistan Military the cause of all ills, social disparity and democratic fiasco.

Let’s start by setting the record straight. MILBUS in Pakistan – is the result of honest intentions and visionary policies – to raise independent resources, to self-finance the on-going national technological development, to modernize strategic assets, and most importantly, the determination to rely less on Foreign Aid. While at the same time, build facilities for retired military personnel and their families; and slowly withdrawing from National Defense budget allocation as a percentage of GDP.

 

 

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1. Pakistan economy was the 3rd fastest growing economy after China & India in 2006.

2. Pakistan in 1999 was an economy of $75 billion and now in 2006 it is a $160 billion economy. [Source].

3. Under Musharraf’s vision: 9 world class Engineering universities being developed. [Source. Project halted due to Political uncertainty]

4. Private sector institutions have increased from 36,096 (in 1999) to become 81,103 (in 2006). (Source)

5. Pakistan is the 3rd best in world Banking profitability. [Source].

6. Pakistan IT industry now values around $2.8 billion, including $1.4 billion of IT exports. [Source] and [Source].

7. Around 80,000 direct jobs & 500,000 indirect jobs have been created by the Telecom sector alone. [Source].

8. Industrial Parks are being setup throughout the country for the very first time. [Source & this & this].

9. Major Mega projects like the Saindak, Rekodiq, Marble production, Coal production and Mining & Quarrying are being pursued. [Source].

10. GDP growth is now 6%. Earlier it was 3.5%.

11. Foreign Reserves from $1 billion to $17 billion. (Source)

12. Karachi stock market: rose from 700 points to 13,000 points. [Source].

13. Literacy rate has improved by 11%. [Source].

14. Poverty levels have decreased by 10%. [Source].

15. 3 dams have been constructed: Mirani, Subakzai, Gomalzam dams. [See this, this, and this. (Kurram Tangi Dam)].

16. 6 Motorways completed or under construction: M1, M3, M8, M9, M10, M11. [Source].

17. Six major highways under construction. [Source].

18. GWADAR advance Mega Sea port developed under Musharraf’s vision. [Source].

19. Historic 100% increase in Tax collection of $11 billion. [Source & this].

20. Large scale manufacturing is 30 year high. [Source].

21. Construction activity is 17 years high.

22. Newly found World class copper- gold deposits in Chagai will fetch around $600 million per year.

23. A new Oil refinery with UAE will fetch $5 billion & will process 300,000 oil barrels a day. [Source].

24. CNG sector has attracted over $70 billion investment in last 5 years. [Source].

25. Industrial sector registered 26% growth. [Source].

For detailed Information see – Musharraf Era: Pakistan Flourishes

©Our leader – Musharraf

 

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Written By: Afreen Baig  cod4-bajor-cd

 

“Political instability, a growing insurgency, a demoralized army and an intensely anti-American population are the hallmarks of today’s Pakistan,” remarked US Senator Thomas Cooper recently.  

 War on Terrorism (WoT) did not start with the advent of 9/11, rather it started in 1980’s when Russia was defeated in Afghanistan, and the USA pulled out abandoning the hundreds of thousands of equipped and trained guerillas. Those guerillas and militants integrated in small pockets in various regions of Afghanistan and NWFP. They utilized their militancy to influence domestic tribes and mosques to instigate and promote radicalism. In 2000-01, Government of Pakistan was forced to ban several extremist outfits due to increase in sectarian violence and its effect on the lives of ordinary Pakistanis. For Pakistan – it was already at war with extremism!

 9/11 further changed the political dimensions for USA, and also changed Pakistan’s destiny. A destiny that is full of expectations, decision making, media trial, uprising opportunist and extremist hoping to destabilize Pakistan. Who will be the ultimate winner is yet to be seen. The regional environment is a complex one and Pakistan is fighting a multi-faceted battle that will change the course of history.

 9/11 put Pakistan in a complicated situation, where tough decisions had to be taken. Richard Armitage’s threatening message forced Pakistan to gauge the urgency and seriousness of the episode. The message was clear – the USA will do anything, to do what it had to do in its National Interest. NATO will follow suit. Pakistan was left alone to decide and protect its National Interest. The President decided in Nation’s self-interest and self-preservation. War on terrorism (WoT) marked its presence – it was inevitable!

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