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The Era Of General Pervez Musharraf's Political Era

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General Pervez Musharraf Political Era:
Pervez Musharraf imposed the third martial law on 12th October 1999 by ruling out the democracy. He ruled almost eight years which are very important in the history of Pakistan. His government started in October 1999 and ended in August 2008. The era of Pervez Musharraf is referred as the golden eight years. It is, probably the longest single statement of feats of developments, repairs and enhancements in one of the “most difficult countries to govern” as described in Times Magazine. Moreover, the economic indicators and growth rate were best in the time of Musharraf. Hence, these are the reasons of selecting General Pervez Musharraf’s era.
The time when General Pervez Musharraf took over, Pakistan was facing major economic problems such as
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Moreover, almost six years ago Pakistan was at the verge of bankruptcy that it only had a little more than $1 billion in foreign exchange reserves, stock market teetering worth of only $5 billion, foreign debts were high that almost 65% of GDP was used and our exports were at a pitiful $7.5 billion. The rate of unemployment and inflation was very high. In simple words the system and state of Pakistan was just failing and was referred as failed state by the world.
The macroeconomics objectives were achieved in the political period of Musharraf. As we know that macroeconomic objectives include three factors; GDP growth rate, Inflation and Rate of unemployment and balance of payment. Following is the graphical representation of the macroeconomic objectives achieved at the time of Musharraf.
GDP growth rate:

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