Musharraf Era: Pakistan Flourishes

Compiled By Mirza Rohail B Our drawing card Musharraf http//presidentmusharraf. wordpress. com/ All this is all the more amazing when integrity considers that just half dozen age ago, Pakistan was on the threshold of bankruptcy, with only a little more than $1bn in conflicting exchange militia and its stock merchandise teetering at 1,000 points ( equal(predicate) $5 gazillion only) and foreign debt service of process at 65% of GDP. Our exportings were at a misfortunate $7. 5 zillion. The once ever-declining rupee stood stable at around 60-61 to a dollar since Musharraf took all all all over. Of the 184 member countries of the IMF, Pakistans rate of scotch give awaying 7% is unrivalled of the best in the world.The Karachi stock market is straight off above 13,000 points and worth around $65 one thousand meg. direct foreign debt servicing has lowered to become 28%. Our exports increase to become $18 trillion. 1. Pakistan providence is among the quickest growi ng economies in the world as its economy has reached the size of $170 billion from a untarnished $70 billion in 1999. Pakistan attracted a memorialize FDI of $8. 6 billion in two hundred7-08. 2. 2007 National revenues had bragging(a) from Rs 308 billion during 1988-99 to around Rs 800bn in 2007 and FBR estimates now 2. 8 one thousand one thousand jillion Income Tax payers.Year Total cosmic microwave background radiation Direct Indirect Custom Sales important excise 1998-99 308. 5bn 110. 4bn 198. 1bn 65. 3bn 72bn 60. 8bn 2005-06 712. 5bn 224. 6bn 487. 9bn 138. 2bn 294. 6bn 55bn 2008-09 810. 3bn 305bn 105. 3bn 319. 3bn 80. 5bn (2008-09 Progressive) 3. general welkin development programme (PSDP) has also grown from Rs 80 billion in 1999 to Rs 520 billion in 2007 and increased further to Rs 549. 7 billion in 2008. 4. item The rate of growth in Pakistan Large Scale Manufacturing (LSM) is at a 30- socio-economic class terminal. Construction activity is at a 17-year high. LS M 1999-00 was 1. 5% and 2004-05 was 19. 9% and 2006-07 was 8. 6% and 2007-8 is 5%. 5. FACT The root Industries Index, which measures the performance of Seven industries, i. e. Electri urban center generation, Natural gas, egregious oil, Petroleum products, Basic metal, Cement and coal, has enter a 26. 2 percent growth in industrial sector of Pakistan. 6. FACT Jan 14 Pakistan now has a integrality of 245,682 educational institutions in all categories, including 164,579 (i. . 67 per cent) in the public sector and 81,103 (i. e. 100 per cent) in the private sector, addresss the National Education Census (NEC-2005). The numerate jointly conducted by the Ministry of Education, the Academy of Educational be after and Management (AEPAM) and the federal official 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 per cent. 45,007 Educational Institutions earn increased in Musharraf Era. 7. FACT Pakistan is ternion in world in Banking profitability, a report of IMF express.On the IMF chart, Pakistans banking profitability is on third position after Colombia and Venezuela. On the IMF chart India is on 36th position and China is on fortieth position. Pakistans Banking sector turned profitable in 2002. Their profits continued to rise for the next pentad years and peaked to Rs 84. 1 ($1. 1 billion) billion in 2006 8. 11 May 2009 By producing 7. 746 element 109s of gilded during the last five years 2004 to 2008 Pakistan joins the ranks of gold producing countries. harmonise to the data with the Saindak Metal Limited during the last five years Pakistan has produced 86,013 tonnes of grunter, 7. 46 tonne gold and 11. 046 tonne silver, besides the production of 14,482 tonnes of magnetite concentrate (iron), transport in a amount of $633. 573 trillion. 9. In 1999 what we bring in as GDP we used to give away 64. 1 % as foreign debt and liabilities. Now in 2006, what we earn as GDP we give only(prenominal) 28. 3 % as foreign debt and liabilities. Now we atomic number 18 SAVING 35 % of Our GDP for economic growth. agree to Department of finance, External debt & liabilities (EDL) and DAWN 1988 $ 18 bn 1990 $ 20. 5 bn 1999 $ 38. 9 bn 2000 $ 35. 48 bn 2001 $ 37. 2 bn 2002 $ 34. bn 2003 $ 35. 4 bn 2004 $ 35. 3 bn 2005 $ 35. 8 bn 2006 $ 37. 6 bn 2007 $ 40. 5 bn 2008 $ 45. 9 bn 2009 $ 50 bn 10. According to Economic Survey 2005. privation in Pakistan in 2001 was 34. 46%. And, now after 7 years of Musharraf Poverty in 2005 was 23. 9%. Poverty DECREASED by 10. 56%. Overall, 12 million people nominate been pushed out of Poverty in 2001 -2005 11. Literacy rate in Pakistan has increased from 45% (in 2002) to 53% (in 2005). And, Education now receives 4% of GDP and incline has been introduced as compulsory subject from grade 1. 2. 12-4-07 The IT industry, which was around non-existent seven years ago, has grown to be worth $2 billion of which $1 billion is export related. It rregistered a 50% growth. 55 foreign IT companies have already entered the market. Now the sector employed 90,000 professionals. 13. 30-1-08 The presidency has decided to set up a neo hospital cum Medical University in quislingism with the Harvard Medical International, USA, at a comprise of Rs 18 billion. The university ordain be built at the defense team Housing Authority (DHA), Islamabad.A total of 2,ergocalciferol students pass on be taught at the graduate level, while superfluous 600 seats will be available for high research courses. 14. Nov 2006 prexy Musharraf says that Pakistan will set up Nine Engineering World Class acquirement and Technology Federal Universities by 2008 with foreign assistance. He tell the institutions of higher learning would be naturalised in collaboration with Italy, South Korea, Japan, France, Sweden, Nether spheres, Germany, Austria and China. The Cost of mental synthesis these outside Universities will be above Rs 96. 5 billion.The Vice Chancellors, Heads of department, Professors and Faculty of the jut outned university will be from these Foreign Universities while the Examination system, Quality effrontery followed and the Degree awarded will also be from these Foreign Universities. 15. governing has O.K. to give at to the lowest degree 4% of GDP to Education in 2007 bud take on. 16. In 1999-2000 thither were 31 Public Universities. Now 2005-2006 there atomic number 18 49 Public Universities. HEC setup 47 Universities. a) Air University (established 2002) b) establish of Space technology, ISB (established 2002) c) Sardar Bahadur Khan Women University, Quetta (established 2004) ) University of information & Technology, Bannu (established 2005) e) University of Hazara (founded 2002) f) Malakand university, Chakdara (established 2002) g) Karakurum International university, Gilgit (established 2002) h) University of Gujrat (established 2004) i) Virtual University of Pak, Lahore (established 2002) j) Sarhad University of IT, Peshawar (established 2001) k) National Law University, ISB (2007) l) Media University, ISB (2007) m) University of Education, Lahore (2002) n) Lasbella University of leatherneck informations, Baluchistan (2005) o) Baluchistan University of IT & Management, Quetta (2002), and so on 7. 6-member delegation of Australian Department of Education, Science & Technology and AusAID, is visited Pakistan on the request of PM Shaukat Aziz to dish Pakistan in its efforts to realign its TVET (Technical and Vocational Education and Training) check to the market needs. Chairman NAVTEC Altaf Saleem informed the delegation rough NAVTEC plans to increase the capacity to train one million people yearbookly by 2010 from the present annual capacity of 320,000. 18. Defense trades of Pakistan have crossed the $200 million mark as the countrys robust Defense manufacturing industry continues to expand.This was disclo sed by Major General Syed Absar Hussain, Director General, Defense Export Promotion Organization after IDEAS 2006 Karachi . 19. President Musharraf inaugurated an over Rs. 1. 36 billion 18 Mega Watt Naltar hydro forefinger project. The project, realised in four years at Naltar near Gilgit. 20. Pakistan is now in Large-scale thermonuclear expansion. The reactor under construction could produce over 200kg of weapons-grade plutonium per year, assuming it operates at overflowing power for a modest 220 days per year.At 4 to 5 kilograms of plutonium per weapon, this stock would set aside the production of 40-50 Nuclear weapons a year, the report said. 21. The Karachi appearance Trust (KPT) and Hutchison Port Holdings (HPH) of Hong Kong will sign a concession agreement tomorrow for scene up a US$1 billion deep water container port, the beginning(a) in Pakistan. KPT will invest $450 million for infrastructure development for the project. HPH will invest $557 million. In the first p hase, a 1,500m quay wall will be built with a designed dept of 18m. 22. GILGIT President Musharraf inaugurated the prohibitionist port in the border town of Sust, 200km northwestern of Gilgit.The change port, a Pakistan-China joint venture, was built in 2004 at a cost of Rs90 million. It is 10,000-foot high Sust Dry Port. 23. Dec 2006 President Musharraf said many canals, including the Thal and Raini canals, were macrocosmness constructed for better utilization of the water available. He said Rs66 billion was being spent on brick-lining of 87,000 canals in the country, adding that 6,000 raw(a) canals would be brick-lined next year. 24. The Private antecedent Infrastructure Board (PPIB) has approved expansion of Tarbela decametre power project that would generate 960 MW costing $500 million. 25.President Musharraf Thursday inaugurated the Mirani Dam. Mirani Dam in Kech domain of a function of Mekran district with a catchment realm of 12,000 square klick has been built in f our years at a cost of Rs6 billion that includes Rs1. 5 billion in compensation to the affected people. It will have a terminal capacity of over 300,000 million acre feet of water. 26. Gomal Zam Dam This project started Aug 2002 and is expected to be faultless early 2008. It is located in the Damaan in NWFP. It is 437 feet high and will irrigate about 163,000 the three some(prenominal) estates of land. The total costs amounts to Rs. 12 billion.Having a gross storage of 1. 14 MAF. It will produce 17. 4 MW of electricity. 27. Mushrraf says the governing is constructing the Rs40 billion Katchi Canal and Punjab had been gracious to provide land for its 350 kilometre stretch that will pass through with(predicate) the province. 28. The Economic Coordination deputation 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 high er than the countrys total existing capacity of 12. million tons. 29. Pakistan make Mills Corporation (PSMC) during the quarter July-Sept 2007 recorded the highest ever-sales phase of Rs 9. 3012 billion. 30. 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 further policies of the government. Presently, some 1,765 CNG stations are operate in the country, in 85 cities and towns, and 1000 more would be setup in the next three years. It has provided transaction to 30,000 people in the country. 31.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 on September 30 has reached 50,125. 32. Telecom sector has attracted an investment of $ 9 billion in last three years. It created of 80,000 jobs flat and 500,000 jobs indire ctly. 33. Corrupt & Incompetent Nawaz Sharif do one motorway M2 (Lahore Islamabad). down the stairs Musharraf 6 Motorways unblemished or under construction M1 (Islamabad to Peshawar) (Rs. 3 bn) 155 km (started 2003 effected 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) 34. Under Musharraf various thoroughfares 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. 35.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 Liari-Ormara Highway costed Rs3. 9 billion and Pasni- Gwadar Highway Rs2. 8 billion respectively. The total length of Makran Coastal Highway is 533 kilometers. 36. 2-12-07 Sialkot International Airport Limited (SIAL) completed. The 1,002-acre aerodrome is 13 km west of Sialkot and is linked by a road to Gujranwala, Wazirabad, Gujrat, Narowal, the Export Processing zona (EPZ) and the Sialkot Dry Port Trust. 7. Ghandara International Airport (Islamabad) the first-ever green-field airdrome being built at a cost of $400 million with a renowned planetary consultant, Louis Berger Group of USA. President Musharraf laid the foundation play off of the project on April 7, 2007 and will be completed by Dec 2010. Its total area is 3700 soil (15 km? ). 38. Major industrial estates are being developed under Musharrafs vision M3 Industrial estate, Sundar Industrial estate, Chakri Industrial, Port Qasim Industrial estate, etc. 39.Oct 2007 In the current fiscal year the Mining and exploit sector has registered a growth rate of 5. 6 percent. Incre ased growth was propelled by strong growths recorded in magnetite (30 percent), dolomite (26. 1 percent), Limestone (25. 2 percent) and chromites. 40. The government has already started various initiatives, to discover and develop world-class copper-gold deposits in Chagai Baluchistan by Australian Firms that would obtain $500 million to $600 million per year. 41. Major reserves of COPPER & GOLD in Baluchistans Rekodiq area have been discovered in early 2006.It has bedded Rekodiq among the worlds 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. 42. Executive Committee of National Economic Council (ECNEC) on Wednesday approved 45 developmental projects in its meeting, including six revised projects with a total cost of Rs 154. 1 billion with a forei gn exchange component (FEC) of Rs 36. billion. 43. 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. 44. Oct 2007 A fully functional TMS (Tax Management System), including profiling, withholding, return/ defrayal 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. 45. The government is providing Sui Gas eagerness 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. 46. The KHI city governments rehabilitation of Industrial zones and proceeds plan for all those four industrial zones, of the city needs to be completed in 7-8 months. Projects worth Rs 2. 5 billion and beautification Rs 4. 5 billion. 47. 27-11-07 Pakistan dark blue embark Zarrar, the first of Multi-Role Tactical Platform (MRTP-33), was commissioned into Pakistan Navy at a ceremony at PN Dockyard. 48. 9-12-07 metropolis Nazim Mustafa Kamal said the construction work of 47-storey IT Tower in the vicinity of Civic Center at a cost of $200m would start soon. Around 40,000 youth would get employment in the IT Tower. It will have 10,000 list centers of which 6,000 have been booked so far. 49. The President approved the project of laying of 940-kilometre-long standard gauge railroad track track between Gwadar and Quetta that would cost Rs 75 billion. A German firm won the contract. 50. 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. He said Rs 3. 60 billion would be invested in live-stocks and dairy sectors. About 1,200 model dairy farms and 2,950 kine breeding farms will be established under this investment. 51. Pakistan will launch a Self-controlled Remote perception Satellite System (RSSS) at a cost of Rs19. 3 billion to ensure strategic and matted 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. 52.Governor inaugurated the DUHS Medical question City with Dow Diagnostic origin 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. 53. President Musharraf also inaugurated a 50-bed state-of-the-art Workers Welfare livestock Kidney Center. The first-ever kidney center in Baluchistan, constructed on 7. 5 acres at a cost of Rs385 million and having the diagnostic, dialysis, running(a) and lab facilities will help the people of this area. 4. Karachi The grammatical construction of the 50-bed Kidney Centre in Landhi has been completed. Minister Muhammad Adil Siddiqui . He said that the building of this centre had been built at a cost of Rs70 million. 55. CM Pervaiz Elahi inaugurated Pakistans first package technology park (STP) on Ferozpur Road to be implemented by Punjab IT Board (PITB). The Rs 1. 5 billion project is set over area of 32 kanals will be completed in 12 months and is expected to create direct 10,000 jobs and generate economic activity of Rs 9 billion per year. 56.In what is considered a major leap for Pakistan, a Polytechnic Institute is being established to produce skilled manpower that will rescue the manufacturing industry from the clutches of foreign dep closing curtainence. 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 first year, besides producing 22 different types o f dies and moulds for aviation, telecom, pharmaceutic and other industries. Experts from Germany, Japan and Thailand assisted in growth curriculum. 57. Police Act 1861 replaced by Police roll 2002 after 141 years.Police force divided into three separate wings Watch and ward, Investigation and Prosecution. 58. Federal Minister for Commerce in order to prepare tobacco farming in the country is setting up a state-of-the-art Tobacco Research Center in Bunner. Annually 8 million kilograms of Virginia tobacco (fine quality), worth Rs 9. 2 billion is well-mannered in Bunner. Under construction. 59. The government has formed Pakistan Gems and jewellery Development Company (PGJDC) with a cost of Rs 1. 4 billion, to increase the export of gem and Jewellery from $25 million to $1. 5 billion by 2017. 60.In 1999, Pakistanis could only afford to buy a total of 32,461 locally assembled Cars. The latest annual figure stands at 115,000. Currently, there are 1. 3 million cars on Pakistani roads a s opposed to 815,000 cars some five years ago a 60 percent jump in car ownership. 61. In 1999, a total of 94,881 new Motorcycles were sold in Pakistan. In 2005, Pakistanis bought or leased some 500,000 new motorcycles. 62. ISB To convert the Karachi Fisheries Harbour Authority (KFHA) in a style of Sydney Fish Market, the government proposes an action plan worth $10 million so as to make the KFHA a profitable authority.Estimated, Pakistan has a tip and seafood industry worth $1. 2 billion. Exports alone are worth nearly $200 million per annum. more than than 0. 8 million people rely directly or indirectly on the industry for their livelihood. 63. FACT Pakistan globally ranks 10th among the countries which were among the most active in perusing pro-business policies. A report Doing Business in 2006? co-sponsored by World Bank and International Finance Corporation (IFC). (c) ECONOMIC PAKISTAN and PRESIDENT MUSHARRAF http//economicpakistan. wordpress. com/2008/01/09/pakistan-flourishe s/ http//presidentmusharraf. wordpress. com/