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Posts tagged with: Shaukat Aziz

Pakistan, Forex and Musharraf

Guest post by A.H.Kalwar of Pakistion Blog

With the current account deficit widening, inflation boiling at over 24% and foreign reserves dieing out at the rate of $1 billion a month. Pakistan’s economic indicators seem to have taken a nose dive. Where did it start and when will it end?

The dollar today stands at over Rs.80 in the open market. Citigroup calls weak rupee ‘a legacy of flawed economic policies’. Economic policies put in place by a generous gift to Pakistan, from Citigroup itself, the MBA-cum-economist Mr.Shaukat Aziz. The other Shaukat, Tareen our latest in the line of Finance ministers boldly throws all the blame on the previous government and it’s “Short-term” aimed policies.

So how the hell did we land up here?, is Zardari secretly stealing all those billions from our foreign reserves? no. I mean I’m sure he’s tempted to, but well that’s not how it works. People frequently ask me how everything went wrong after the PPP-led government took office. The answer to that is, it didn’t go wrong after the new government took office. It went wrong a year before that. When it was obvious to the Chuadries of Gujrat that they’d soon have to vacant government offices they didn’t like it.
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Sick of Musharraf lovers – a factual rant

Guest Post by Saira Ansari

I’m very disturbed, disappointed and sick to death to see the amount of facebook’ers on my list who think Musharraf’s leaving has been a catastrophe for Pakistan. Just because a new evil, a.k.a Zardari, is in the house does not mean that the previous evil is now a good man. A “leader” as some say. That’s our problem – as an entire nation. We forget and we repeat our mistakes over and over again.

People left right and centre have been levelling accusations at me, and countless others like myself, that we support Zardari. Unfortunately no one takes out 5 minutes to ask if that is so. Let me save you the time…we don’t. And no, he is NOT democratically elected. Hierarchic / Monarchic rule within the party does not ensure a democratic candidate, so stop ranting that its democracy that’s bad. We, the people, have been cheated again. The actual institution has been wronged.

I will get hate messages and mail after this because I get them often for my stance. Those who know me well know my passion for this country and its welfare so at least I can’t be labelled for propaganda as my other friends and colleagues are. But I must have my say – whether or not you bother to read the entire note.

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Reference Against Pervaiz [pre-draft]

I share a pre-draft document prepared by the PPP to use as a reference against Pervaiz Musharraf, it was initially forwarded to me via an extremely trusted source to hold in confidence, but we very soon discovered that this same document had been uncovered elsewhere. The pre-draft of references that will most likely be filed against Pervaiz Musharraf are outlined in detail by Senator M. Enver Baig along with his comments, it is quite possible that some changed might take place before its final acceptance but we share only to give our readers an idea as to what basic issues will the PPP use to plan its attack against Pervaiz Musharraf.

Senator M. Enver Baig: Pervaiz & his colleagues keep saying that no body is above law. True, we agree. When references can be filed against the Chief Justice of Pakistan, certainly there should be a way to file the references against Pervaiz too! So far whosoever had tried to file these references, the courts were unable to consider these because instead of Pakistan’s constitution and law, the honorable courts are forced to follow Pervaizee Law which says that he is above the law and the constitution. Obviously this is NOT an acceptable position. We will like to file following references against Pervaiz for:

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Chairman CBR dancing away…. [Updated]

Abdullah Yusuf (Chairman CBR) seen doing an exotic dance in a suit in front of an excited crowd which also had Musharraf and Shaukat Aziz seated in the front rows. I just found it amusing… Enjoy

Credit Faisal Khan | Download Clip

Video updated with the longer version and a clearer image


Is the Judges Issue a Distraction to the Economic Crisis?

The most common argument that I get asked day in and day out, is “Judicial issue is diverting the governments attention from the core issue of the economical crisis”, in response I have endlessly argued against the rhetoric, since I have long since believed that the economical problem though valid and very important is more of a transient issue, and a fall-out from the mis-adventures of the old administration (read Musharraf, Shaukat Aziz & Q-League).

Economic stability needs time and a genuine commitment from the leading politicians to solve, only possible with a sincere effort and the courage to look towards a better Pakistan rather then hunting for a juicy under the table wad of cash. Whilst an independent judiciary will play its due role to ensure justice is served to the people of Pakistan and the people are not forced taking matters into their own hands to exercise their own version of civil courts served mob-style on the streets.

The existence of an independent judiciary will more importantly keep our bureaucrats and politicians in check and act as a deterrent for them hopefully preventing them to make a quick buck, while the country goes to hell. Aqil Sajjad has done well in trying to explain the argument in his article which was published in the The News this Saturday

By Aqil Sajjad published in The News on Saturday May 17th
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