President Pervez Musharaff’s Views

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#53 rsaxena:
[...would you please inform your countrymen of this so they stop naming their grocery stores and restaurants as ``indo-pak`` to win business....call the damn things paki and see how many people show up.... ]

..you name your business Kolcata, Chennai, Kerala, ganapatirajgopalan-murlidharan grocery or Lahore grocery and see how many north Indians would go to Lahore as opposed to other places.....just go to jackson height and notice the amount of business sikh music store owners have compared to the bengalis music stores on the back side along the theatre and liquor store...it is not the indo-pak but language that sells...

not that i care, but here is what markets saw about india yesterday. btw both rating agenecies categorize india`s debt as junk.

Standard & Poor`s Keeps Negative Outlook on India (Update2)
2003-06-30 08:30 (New York)

Standard & Poor`s Keeps Negative Outlook on India (Update2)

(Adds possibility of revision to outlook in sixth paragraph.)

June 30 (Bloomberg) -- Standard & Poor`s maintained the
negative outlook and junk rating it assigned India in September,
citing rising public debt, a statement said.
India`s foreign currency long-term rating will stay at BB and
the outlook remains negative, the credit rating company said in
Singapore.
``Rising public debt, projected at about 95% of gross
domestic product this year, and growing fiscal inflexibility from
running general government deficits of about 10% of GDP over the
past few years, are the most pressing issues affecting the
sovereign`s creditworthiness,`` said Takahira Ogawa, credit
analyst at Standard & Poor`s said.
India`s budget deficit in the financial year ending March 31
remained unchanged at 5.9 percent of gross domestic product from
the previous year. India`s consolidated deficit, including the
deficit of the country`s 29 state governments, is 10 percent of
the GDP.
India is the eighth state to lose its investment-grade status
on local-currency debt since S&P started assigning the ratings in
1990.
S$P may revise its outlook to stable if the government
introduces proposed legislation to control budget deficits and
public debt and adopts value added tax, Ogawa said.
Efforts to implement the value added tax, a uniform sales tax
system aimed at replacing the myriad sales taxes that India`s
states currently levy, faces widespread protests from retailers
and political parties, who say the switch will increase red tape
and push up prices.
``The negative outlook reflects the risk that the
government`s debt burden may continue to rise rapidly over the
medium term, especially if GDP growth were to decelerate,`` Ogawa
said.

--Cherian Thomas in the New Delhi newsroom (91-11) 5179 2023 or at
cthomas1@bloomberg.net. Editors: Atkinson

Story illustration: Click on {CNP 08930330102 } for a tour of
top stories from South and Southeast Asia, the most active Indian
stocks, India economic indicators, and inflation tables and
graphs. Press spacebar to pause, {} to continue.

re:#48 by hrrehman
Let us qualify your statement: Paki muslims and Hindus are different. Heck, Paki muslims are different even from Bengali muslims, otherwise why would Bangladesh secede (I know, i know. The wily Indoos were responsible. But still, how about the Hamdoor Rahman report).
Secession of Bangladesh is the last nail in the coffin of ``Two nation theory``. You may or may not believe it but that is how it is. If it were not true, we should be seeing a big line in front of Pak embassy of Indian muslims wanting to migrate to ``the land of pure``.
So, you may continue to believe whatever gives you comfort. As Ghalib would say: ``Dil ke khush rakh ne ko Ghalib ye Khayal accha hai``. Wow, i am talking urdu poetry now!
Sridhar

harimau, rsaxena, babu, dost-mittar and my other bania cousins .........

............ since i have some bania blood running through my veins, (even though most of my relatives claim to to be syeds and qureshis) i fully understand the economics of being a ``donor`` nation - i was just yanking your chain, so quit getting your dhotis in a knot, you can hurt yourself ............ however, the fact of the matter remains that having billions in the bank does not necessarily make india a ``rich`` nation .......... but i will admit that it is a good start, and a heck of a lot better than the pathetic pakis who are running around with a begging bowl ...........

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musharraf spoke wll as situation demanded.there are two solution
;1independent kashmir
:2:owen dixon formula.

musharraf spoke wll as situation demanded.there are two solution
;1independent kashmir
:2:owen dixon formula.

#6 ,#9
YOU KEEP Your PERVERTED VOCUBLARY TO UR SELF. I HAVE VISITED INDIA POVERTY,CRIME AND BEGGERY IS ALSO THERE.HALF OF THE POPUL aTION SLEEP ON FOOT PATH.,MOST OF THEM ARE UNDER NOURISHED,WITH DRACULA LIKE FACES.PAKISTANi are thank ful to india ,he by delaying kashmir solution,made pakistan nuclear power.

musharraf is an idiot. pakistan is a failed state. pakistanis are terrorists. pakistan has no education, no democracy, no equality, no justice .it is worse than the worst in india etc etc. hey you intelligent indians we know that. tell us something new or go jump in the ganges coz
you guys are sounding like our mullah offering friday khutba.......

ps: sridhar loves to call musharraf a whore.......wonder how much sridhar paid for his tool??
pps: saxy:i know it aint fair, we will tell the grocerywallahs to remove india....

re:#19 by arjun_m
Do you know how much Mushy the whore paid as Income Tax?
``General Pervez Musharraf paid no wealth tax for five years on his extensive lands and properties, although he publicly announced in November 1999 that he had done so, a Pakistan Government Income Tax Department document obtained by SA Tribune reveals.

And finally when he did pay wealth tax in 1999-2000 on his assets worth much more than Rs 30-40 million in the market (or over half a million US dollars), he coughed up only Rs 710 or $12.``
And this is the guy who wants to do Pak some good!
complete story in Url:
http://www.satribune.com/archives/jun22_28_03/P1_taxstory.htm
Sridhar

re:#24 by HisExcellency
Mushy has no personal integrity. He, like other Generals before him, uses Pak like his fiefdom. His hatred of India and jealousy of various things ``Indian`` shows. If Mushy had integrity, why would he dodge paying Income Tax (see my previous post). He could have set an eg in integrity by being one of the few Generals to pay the tax.
Sridhar

re: hrrehman

...would you please inform your countrymen of this so they stop naming their grocery stores and restaurants as ``indo-pak`` to win business....call the damn things paki and see how many people show up....

#46 by rsridhar on June 30, 2003 3:57pm PT

++
Jehad won`t end because ending it would mean end of Mushy
++

I disagree. Musharraf realizes that Jihad is a means to an end, not the end in itself. Although the lower ranking officers in Pak Army are still wedded to the idea of Jihad, the higher command understands that the Kashmir cannot be wrested away through Jihad. At best, Jihad can only internationalize the Kashmir issue (which it has). Final resolution has to come through US involvement (which has already been under way since last year, albiet behind the scenes).

Judging from the statements of Advani and Vajpayee, India too has signalled a shift from its ``atoot-ang`` position. Therefore, the policy of Jihad is no longer necessary for a final settlement of Kashmir.

In another 2 years, all Jihadi generals and remnants of Zia era will retire anyway. Then Musharraf will easily replace them with pro-West generals of his choice... just like he replaced Maj.Gen Mahmood Ahmed of ISI with Maj.Gen. Ehsanul Haq. This will remove any internal threats to Musharraf from ISI or Army.

Left to their own, the Mullahs cannot challenge Musharraf. They simply don`t have the numbers to do so. The Mullahs can only challenge Musharraf if they form an alliance with Benazir Bhutto, Chaudhry Shujaat, Nawaz Sharif and/or Altaf Hussain. Since none of these politicians support Jihad anyway, the Mullahs will be forced to tone down their hardline policy.

I don`t think we should negotiate any issues with India, we should demand the rights of Kasmiri people. we all know ``Hindus`` are inferior to Muslims.

One must admire today the great vision of the founder of Pakistan Quaid-e-Azam Mohammad Ali Jinnah and his fellow leaders about the two-nations theory. Quaid-e-Azam understood the Hindu mentality quite long ago. In 1934, in an address, he said: ``The Hindu sentiment, the Hindu mind, the Hindu attitude led me to the conclusion that there was no hope of unity.” “We (Muslims) are a Nation`` he asserted, ``with our own distinctive culture and civilization, language and literature, art and architecture, names and nomenclature, sense of value and proportion, legal laws and moral code, custom and calendar, history and tradition, aptitude and ambitions; in short, we have our own distinctive outlook on life and of life. By all canons of international law we are a Nation.``
Then on the resolution day, 23rd of March, while addressing to the annual Muslim League convention in Lahore, he said, ``Hindus and the Muslims belong to two different religions, philosophies, social customs and literature. They neither inter-marry nor inter-dine and, indeed they belong to two different civilizations, which are based mainly on conflicting ideas and conceptions. Their concepts on life and of life are different. They have different epics, different heroes and different episodes. Very often the hero of one is a foe of the other, and likewise, their victories and defeats overlap. To yoke together two such nations under a single state, one as a numerical minority and the other as a majority, must lead to growing discontent and final destruction of any fabric that may be so built up for the government of such a state.``

re: #12 by Romair on June 30, 2003 9:12am PT

A very well-reasoned post. However, I don`t agree with the proposal of granting independance to part of Ladakh bordering Kashmir Valley. Any proposal of independence is likely to be rejected by both India and Pakistan. That`s like asking India to give up not only the Kashmir Valley, but also parts of Ladakh and Jammu.

Pakistan should expect a minimal readjustment of the LoC instead of a maximalist one. But I agree that conversion of LOC into border is a non-starter because it ignores the fact that 38,000 to 70,000 Kashmiris died opposing it.

I hope Pakistan does not add conditionalities to its dialog offer as things pick up in the economy. At this rate, the recession will practically be over by early 2005. With improved credit ratings and favorable IMF reports, it is only a matter of time before the domestic and foreign investment start pouring in.