Facts or Fiction Coming out of Pakistan: You Decide
By Pervaiz Lodhie
Torrance, CA
Basic comparison of 1999 and 2007
Pak Economy in 1999 was: $75 billion
Pak Economy in 2007 is: $160 billion
GDP Purchasing Power Parity (PPP) in 1999: $270 billion
GDP Purchasing Power Parity (PPP) in 2007: $476 billion
GDP per Capita in 1999: $2,000
GDP per Capita in 2007: $3,004
Pak revenue collection 1999: Rs.305 billion
Pak revenue collection 2007: Rs.708 billion
Pak Foreign reserves in 1999: $700 million
Pak Foreign reserves in 2007: $17 billion
Pak Exports in 1999: $7.5 billion
Pak Exports in 2007: $ 18.5 billion
Textile exports in 1999: $ 5.5 billion
Textile exports in 2007: $ 11.2 billion
KHI stock exchange 1999: $ 5 billion at 700 points
KHI stock exchange 2007: $ 70 billion at 14,000 points
Foreign Direct Investment in 1999: $ 1 billion
Foreign Direct Investment in 2007: $ 8 billion
Debt servicing 1999: 65% of GDP
Debt servicing 2007: 26% of GDP
Poverty level in 1999: 34%
Poverty level in 2007: 24%
Literacy rate in 1999: 45%
Literacy rate in 2007: 53%
Pak Development programs 1999: Rs. 80 billion
Pak Development programs 2007: Rs. 520 billion
Under Musharraf’s vision
· Nine world class engineering universities being developed and 18 Public universities already developed.
· Public sector institutions have increased from 110,267 (in 1999) to become
· Private sector institutions have increased from 36,096 (in 1999) to become 81,103 (in 2006).
· PAK is 3rd best in world banking profitability.
· PAK IT industry now values around $2 billion, including $1 billion exports and employs around 90,000 professionals.
· CNG sector has attracted over $70 billion investment in last 5 years; and created 45,000 jobs.
· Telecom sector attracted around $10 billion in investment and created above 1.3 million jobs.
· Industrial Parks are being setup throughout the country for the first time! M3 estate, Sunder industrial estate, Chakri, etc.
· Major Mega projects like the Saindak, Rekodiq, Marble production, Coal production and Mining & Quarrying are being pursued.
· In 2006, GDP growth is 6%. Earlier in 1999 was 3.5%.
· Foreign Reserves from $1 bn to $17 bn.
· KHI stock market: from 700 points to 13,000 points.
· Literacy rate improved by 11%.
· Poverty decreased by 10%.
· He made 4 dams: Mirani, Subakzai, Gomalzam, Khurram Tangi dams.
· 6 Motorways completed or under construction: M1, M3, M8, M9, M10, M11.
· Six major highways under construction.
· GWADAR advance mega seaport developed under his vision!
· Historic 100% increase in tax collection of $11 billion.
· Large scale manufacturing is 30 year high, and Construction activity is 17 year high.
· Newly found World class copper- gold deposits in Chagai will fetch $600 million per year.
· A new Oil refinery with UAE will fetch $5 billion & will process 300,000 oil barrels a day.
· Industrial sector registered 26% growth.
· PAK in 1999 was a $75 billion economy; and now 2006 it’s $160 billion economy!
· PAK economy is now the 3rd fastest growing economy after China & India .
Education during Musharraf Era
In 1999-2000 there were 31 public universities. Now 2005-2006 there are 49 Public Universities. Under Musharraf 20 NEW UNIVERSITIES SET UP!
· Air University (established 2002)
· Institute of Space Technology, ISB (established 2002)
· Sardar Bahadur Khan Women University, Quetta (established 2004)Ø · 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 Pak, Lahore (established 2002)
Sarhad University of IT, Peshawar (established 2001)
· National Law University, ISB (2007)
· Media University, ISB (2007) etc.
· University of Education , Lahore (2002)
· Lasbella University of Marine Sciences, Baluchistan (2005)
· Baluchistan University of IT & Management, Quetta (2002), etc.
Pakistan now has a total of 245,682 educational institutions in all categories, including 164,579 (i.e. 67 percent) in the public sector and 81,103 (i.e. 100 percent) in the private sector, reports the National Education Census (NEC-2005). 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 per cent.
-----------------------------------------------------------------------------
