Pervez Musharraf Resigns As Pakistan’s President

President Pervez Musharraf began his address to the nation at 13.13 PST at the President’s House in Islamabad, saying “Today is a day of an important decision for me.” Proceedings began with recitation from the Holy Quran at 13.10 pm. President Pervez Musharraf said the nation is aware of the crisis it is going through. He said ‘when I assumed charge nine years ago the country was about to be branded a failed state and a terrorist state. He asid assumed charge with the aim of rescuing the country. In the last nine years I have tried my best to serve the country to the best of my ability… during confrontation with India, 9/11 and its aftermath and the devastating earthquake.’

‘In all these crises we stood up thanks to the Grace of Almighty Allah and saved Pakistan from the crises. In handling the problems the sole aim was the well-being of the people and the safety and security of Pakistan. I have taken part in two wars which Pakistan fought… [The coalition government] They deceived the people. Never did they realize that they may win against me but how adversely the contry was affected did not concern them. Economic decline and energy crisis we’re experiencing is being attributed to my policies. I would like to put some facts before the nation, especially the economy. The economy was doing well, in fact very well before Deb 2007. he GDP growth was 7 percent. Revenue collection had reached $1 trillion. The KSE index was around 15,000 points. All these indicators are of reight months ago. Pakistans economy was poised to take off. How did the economic probkem start all of a sudden? Why has the stock exchange lost 5,000 points. Why has the rupee lost almost 30 percent of its value?

Surely, the present economic crisis is owing to rising oil prices and similar other developments on a global basis. But it is wholly incorrect to put blame on these global factors alone. It is our own failures during the last 8 months. Power Sector: We were producing 14,000 MW in June 2007 but are now producing just about 10,000 MW. Why? In a nutshell, the people are being fooled. Let us now look forward to find solutions to take the country out of the woods. During the past nine years, we addressed all sectors and accelerated development in the country. In these 9 years , we constructed several roads and bypasses and worked on several other developmental projects. You can see for yourself how much we have done including all the dams that have been constructed (such as the Mirani Dam). Several canals are also being constructed. These developments will help irrigate 3 million acre fields in the country.

There was massive industrialisation during the last nine years. There was a lot done for higher education. Nice universities from different foreign countries had agreed to set up campuses in the country. In the health sector primary and secondary healthcare was given priority. Safe drinking water was a sector that was addressed on priority and 6000 water purification plants were set up. Women were given political empowerment and now you see a lot more women in eh assemblies. Honour killing was discouraged and Hudood Ordinance laws were revamped. The minorities were given opportunities and culture and heritage was given due importance.