Musharraf Era: Pakistan Flourishes

Compiled By Mirza Rohail B Our leader Musharraf http//presidentmusharraf. wordpress. com/ All this is every the much amazing when one considers that exactly six eld ago, Pakistan was on the boundary of bankruptcy, with only a little more than $1bn in foreign change reserves and its root trade market teetering at 1,000 points (worth $5 trillion only) and foreign debt servicing at 65% of gross domestic product. Our exports were at a hapless $7. 5 one cardinal one trillion cardinal million. The once ever-declining rupee stood stalls at around 60-61 to a dollar sign since Musharraf took oer. Of the 184 member countries of the IMF, Pakistans rate of economical growth 7% is one of the top hat in the world.The Karachi stock market is this instant above 13,000 points and worth around $65 one thousand thousand. direct foreign debt servicing has displace to endure 28%. Our exports affixd to become $18 one thousand thousand. 1. Pakistan economy is among the fast est evolution economies in the world as its economy has reached the size of $170 jillion from a mere $70 one thousand million in 1999. Pakistan attracted a record FDI of $8. 6 billion in two hundred7-08. 2. 2007 matter revenues had swelled from Rs 308 billion during 1988-99 to around Rs 800bn in 2007 and FBR estimates at display 2. 8 gazillion Income Tax payers.Year chalk up CBR Direct Indirect tradition Sales Central 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. commonplace sector organic evolution program (PSDP) has excessively large from Rs 80 billion in 1999 to Rs 520 billion in 2007 and increased advertize to Rs 549. 7 billion in 2008. 4. item The rate of growth in Pakistan vauntingly Scale Manufacturing (LSM) is at a 30- stratum high. plait action mechanism is at a 17- category high. LSM 1999-00 was 1. 5% and 2 004-05 was 19. 9% and 2006-07 was 8. 6% and 2007-8 is 5%. 5. situation The Infrastructure Industries Index, which measures the performance of Seven industries, i. e. electri urban center generation, inwrought gas, Crude oil, Petroleum products, elemental metal, Cement and coal, has put down a 26. 2 percent growth in industrial sector of Pakistan. 6. position Jan 14 Pakistan now has a gist of 245,682 educational institutions in all categories, including 164,579 (i. . 67 per cent) in the populace sector and 81,103 (i. e. 100 per cent) in the hidden sector, cut throughs the National learning Census (NEC-2005). The nosecount jointly conducted by the Ministry of Education, the Academy of Educational Planning and watchfulness (AEPAM) and the federal post 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 engender increased in Musharraf Era. 7. FACT Pakistan is third in world in Banking gainfulness, a report of IMF verbalize.On the IMF chart, Pakistans banking profitability is on third position by and by(prenominal) Colombia and Venezuela. On the IMF chart India is on thirty-sixth position and China is on fortieth position. Pakistans Banking sector turned juicy in 2002. Their profits continued to stick up for the next five geezerhood and sickly to Rs 84. 1 ($1. 1 billion) billion in 2006 8. 11 May 2009 By producing 7. 746 tonnes of favourable during the strand so forth out five days 2004 to 2008 Pakistan joins the ranks of favorable producing countries. According to the selective information with the Saindak Metal modified during the last five years Pakistan has wee-weed 86,013 tonnes of copper, 7. 46 tonne gold and 11. 046 tonne silver, anyways the production of 14,482 tonnes of magnetite concentrate (iron), pitch in a sum of money of $633. 573 million. 9. In 1999 what we draw ined as gross d omestic product we employ to get through away 64. 1 % as foreign debt and liabilities. Now in 2006, what we earn as GDP we give still 28. 3 % as foreign debt and liabilities. Now we atomic number 18 SAVING 35 % of Our GDP for economic growth. According to Department of Finance, foreign debt &038 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 sparing keep abreast 2005. need 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 piddle been pushed step to the fore 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 slope has bee n introduced as compulsory subject from vagabond 1. 2. 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 rregistered a 50% growth. 55 foreign IT companies pick out already entered the market. Now the sector assiduous 90,000 professionals. 13. 30-1-08 The government activity has decided to throttle up a modern hospital cum medical checkup University in collaboration with the Harvard medical examination International, USA, at a court of Rs 18 billion. The university allow be built at the Defence Housing Authority (DHA), Islamabad.A hit of 2, five hundred students testament be taught at the graduate level, while additional 600 set ordain be available for graduate student research courses. 14. Nov 2006 prexy Musharraf says that Pakistan will set up Nine Engineering reality Class learning and Technology Federal Universities by 2008 with foreign assistance. He state the in stitutions of higher learning would be launch in collaboration with Italy, South Korea, Japan, France, Sweden, Netherlands, Ger umpteen, Austria and China. The apostrophize of building these opposed Universities will be above Rs 96. 5 billion.The Vice Chancellors, Heads of department, Professors and susceptibility of the planned university will be from these Foreign Universities while the Examination system, Quality authorization followed and the Degree awarded will too be from these Foreign Universities. 15. Government has okay to give at least 4% of GDP to Education in 2007 budget. 16. In 1999-2000 on that point were 31 unexclusive Universities. Now 2005-2006 thither atomic number 18 49 Public Universities. HEC apparatus 47 Universities. a) Air University (established 2002) b) Institute of distance technology, ISB (established 2002) c) Sardar Bahadur Khan Women University, Quetta (established 2004) ) University of Science &038 Technology, Bannu (established 2005) e) Un iversity of Hazara (founded 2002) f) Malakand university, Chakdara (established 2002) g) Karakurum International university, Gilgit (established 2002) h) University of Gujrat (established 2004) i) practical(prenominal) 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 Marine Sciences, Baluchistan (2005) o) Baluchistan University of IT &038 Management, Quetta (2002), etcetera 7. 6-member delegation of Australian Department of Education, Science &038 Technology and AusAID, is visited Pakistan on the request of PM Shaukat Aziz to help Pakistan in its efforts to realign its TVET (Technical and vocational Education and Training) according to the market needs. chair NAVTEC Altaf Saleem in organise the delegation about NAVTEC plans to increase the capacity to train one million people yearlyly by 2010 from the present annual capacity of 320,000. 18. vindication Exports of Pakistan find crossed the $200 million mark as the uncouths beefy Defense manufacturing industry continues to expand.This was disclosed by major(ip) 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 world power throw. The project, perfect in quartette years at Naltar near Gilgit. 20. Pakistan is now in large-scale Nuclear working out. The reactor on a lower floor whirl 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, the report said. 21. The Karachi manner Trust (KPT) and Hutchison Port Holdings (HPH) of Hong Kong will sign a subsidization agreement tomorrow fo r setting up a US$1 billion Deep- piss container port, the scratch line in Pakistan. KPT will invest $450 million for infrastructure development for the project. HPH will invest $557 million. In the first phase, a 1,ergocalciferolm quay wall will be built with a designed dept of 18m. 22. GILGIT President Musharraf inaugurated the dry port in the border town of Sust, 200km north of Gilgit.The ironical 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 world 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 refreshed-made canals would be brick-lined next year. 24. The Private occasion Infrastructure Board (PPIB) has approved expansion of Tarbela dam power project that would perplex 960 MW costing $500 milli on. 25.President Musharraf thorium inaugurated the Mirani Dam. Mirani Dam in Kech vault of heaven of Mekran regulate with a catchment area of 12,000 square kilometer has been built in four years at a cost of Rs6 billion that includes Rs1. 5 billion in earnings to the affected people. It will have a terminus capacity of over 300,000 million acre feet of water. 26. Gomal Zam Dam This project parted Aug 2002 and is expected to be finished early 2008. It is located in the Damaan in NWFP. It is 437 feet high and will water about 163,000 acres of land. The total be 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 government is constructing the Rs40 billion Katchi Canal and Punjab had been kind-hearted to provide land for its 350 kilometre profane that will pass through the province. 28. The Economic Coordination Committee decided to set up a $2-billion mega Oil refinery at Khalifa eyeshade in distric t Hub, Balochistan. The refinery, fit out by 2010, would have a maximum subtlety capacity of 13 million scores of petroleum products higher than the countrys total existing capacity of 12. million tons. 29. Pakistan Steel Mills confederation (PSMC) during the after part July-Sept 2007 recorded the highest ever-sales figure of Rs 9. 3012 billion. 30. The Compressed Natural bobble (CNG) sector of Pakistan has attracted over Rs 70 billion investitures during the last five years as a result of grown and encouraging policies of the government. Presently, more or less 1,765 CNG stations are operating in the country, in 85 cities and towns, and 1000 more would be apparatus in the next three years. It has provided calling to 30,000 people in the country. 31.The Securities and Exchange delegation of Pakistan (SECP) has registered 1,135 companies during the first quarter (July-family 2007). With the new registrations the total number of registered companies with SECP as on Septemb er 30 has reached 50,125. 32. Telecom sector has attracted an investment of $ 9 billion in last three years. It push backd of 80,000 jobs directly and 500,000 jobs indirectly. 33. Corrupt &038 bunglesome Nawaz Sharif made one motorway M2 (Lahore Islamabad). low Musharraf 6 Motorways completed or on a lower floor formula M1 (Islamabad to Peshawar) (Rs. 3 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 nether construction) 34. Under Musharraf variant routes 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) pr oject in grand 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 aloofness of Makran Coastal Highway is 533 kilometers. 36. 2-12-07 Sialkot International aerodrome 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 partition off (EPZ) and the Sialkot Dry Port Trust. 7. Ghandara International airdrome (Islamabad) the first-ever green-field airport being built at a cost of $400 million with a renowned international consultant, Louis Berger throng of USA. President Musharraf laid the ft cavity of the project on April 7, 2007 and will be completed by Dec 2010. Its total area is 3700 acres (15 km? ). 38. Major industrial estates are being real under Musharrafs vision M3 industrial estate, Sundar Industrial estate, Chakr i Industrial, Port Qasim Industrial estate, etc. 39.Oct 2007 In the current fiscal year the Mining and Quarrying sector has registered a growth rate of 5. 6 percent. increase 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 fetch $500 million to $600 million per year. 41. Major reserves of COPPER &038 GOLD in Baluchistans Rekodiq area have been discovered in early 2006.It has ranked Rekodiq among the worlds top seven copper reserves. The Rekodiq dig 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 Eco nomic Council (ECNEC) on Wednesday approved 45 developmental projects in its meeting, including six revise projects with a total cost of Rs 154. 1 billion with a foreign 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 regulator Dr Ishrat-ul-Ebad Khan. 44. Oct 2007 A fully functional TMS (Tax Management System), including profiling, withholding, return/payment filing, rectification, refunds, audit, and legal bring in is scheduled to be operational by 2007 in Pakistan, to process the tax year 2007 returns, according to dry land Bank. 45. 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 in general include Multan, Khanewal, Bahawalnagar, Rajanpur, DG Khan, Vehari and Muzaffargarh. 46. The KHI city governments rehabilitation of Industrial zones and improvement 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 Navy ship Zarrar, the first of Multi-Role Tactical Platform (MRTP-33), was commissioned into Pakistan Navy at a ordinance at PN Dockyard. 48. 9-12-07 City Nazim Mustafa Kamal said the construction work of 47-storey IT Tower in the neck of the woods of Civic Center at a cost of $200m would start soon. Around 40,000 spring chicken would get employment in the IT Tower. It will have 10,000 call centers of which 6,000 have been book so far. 49. The President approved the project of laying of 940-kilometre-long standard gauge line track between Gwadar and Quetta that would cost Rs 75 billion. A German firm win the contract. 50. To increase the income of Farmers, the Government is investing Rs7. 80 billion under which a victuals Security Program will be l aunched.Initially it will be launched in 1,000 villages. He said Rs 3. 60 billion would be invested in live-stocks and dairy sectors. closely 1,200 model dairy farms and 2,950 cattle grooming farms will be established under this investment. 51. Pakistan will launch a Self-controlled impertinent Sensing Satellite System (RSSS) at a cost of Rs19. 3 billion to ensure strategic and unconditional affix 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 Research City with Dow Diagnostic fiber and Research Laboratories and Jinnah Genome spirit as its all important(predicate) components. He also laid the foundation stone for a library and sports Gordian which houses different constituent institutions of the university. 53. President Musharraf also inaugurated a 50-bed state of the art Workers Welfare investme nt trust 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, surgical and lab facilities will help the people of this area. 4. Karachi The building of the 50-bed Kidney Centre in Landhi has been completed. minister of religion 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 Software technology car park (STP) on Ferozpur Road to be utilize 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 workforce that will cede the manufacturing industry from the clutches of foreign dependence. macrocosm built i n 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, in any case producing 22 different types of dies and moulds for aviation, telecom, pharmaceutical and different industries. Experts from Germany, Japan and Thailand assisted in developing curriculum. 57. natural law Act 1861 replaced by Police Order 2002 after 141 years.Police force divided into three separate fly Watch and ward, Investigation and Prosecution. 58. Federal Minister for Commerce in order to rise 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 cultured 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 bil lion 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 as 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 puzzle the KFHA a profitable authority.Estimated, Pakistan has a look for and seafood industry worth $1. 2 billion. Exports alone are worth nearly $200 million per annum. More 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 vigorous in perusing pro-business policies. A repo rt 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-flourishes/ http//presidentmusharraf. wordpress. com/