Govt has added a chapter on impact of war in Afghanistan and ensuing terrorism on Pakistan’s economy in the survey. PHOTO: AFP/FILE
ISLAMABAD: The country pays a heavy price in terms of the economy, security and national resources to address the war on terror and emerging security challenges, according to the Economic Survey of Pakistan.
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Losses sustained by the country due to the war on terrorism in the outgoing fiscal year stood at $6.7 billion losses -- $3.3 billion or one-third less than the previous fiscal year, highlighting a gradual recovery.
The fiscal year 2013-14 was the third consecutive year when there was a reduction in losses over the preceding year as shown by the survey.
This year's losses also pushed the total cost of the 13-year war above $102.5 billion, approximately two times more than the government's proposed total budget of Rs3.9 trillion for fiscal year 2014-15.
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The Pakistan Muslim League - Nawaz (PML-N) government has added a chapter on impact of war in Afghanistan and ensuing terrorism on Pakistan’s economy.
The chapter briefly describes the direct and indirect losses that the country has sustained so far due to the war on terrorism, which began in 2001 after the 9/11 terrorist attacks.
The US embassy in Pakistan has long been opposing Pakistan’s decision to publish the cost of terrorism, according to officials privy to the discussions.
The cost has been worked out by an inter-ministerial committee, having representation of Ministries of Finance, Interior, Foreign Affairs, Commerce and Inter-Provincial Coordination.
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Don't fight WOT then,Pakistan created this 'strategic depth' ,isnt it??
Are we still looking for "DO MORE" get More $ yet. Pathetic policies. When we will learn from our mistakes?
@Blunt:
"The ‘reward’ for being battle ground of so called ‘war on terror’ among international players."
Actually, the "reward" that Pakistan is reaping is from the "fruits" of the seeds of terrorism that the Establishment sowed, nurtured, protected and cherished as strategic assets for the past three decades.
As is the normal practice, the Pakistani establishment has inflated the actual WOT costs by a factor of at least 20. It is more likely Rupees 120 instead of dollars.
And Oh what a lovely war it was. Got rid of old ammo, old cars and old servants, Now we have a police top brass that is the best fed and best dressed in the world
The 'reward' for being battle ground of so called 'war on terror' among international players.
Can we have more Operations plz?
and what about the emotional and physical losses...what about the cost of losing near and dear ones!!! Undoubtedly Pakistan is at complete loss by being a partner in this war ! and the one who got the entire nation into this trauma is yet to be held accountable!
"The US embassy in Pakistan has long been opposing Pakistan’s decision to publish the cost of terrorism, according to officials privy to the discussions."
Either total lie or that US has the final say in the Budget of Pakistan.
In any case, US is pulling out from the region and publishing these figures, true or false, will not make any difference to the US as it is not going to fund Pakistan any longer. If it is true, it is the cost Pakistan's establishment has imposed on Pakistan by hiding OBL and such other terrorists.
IMHO, America owes Half of this amount and rest must be reimburssed by India, Afghanistan, Iran, Russia and Europe. Minimum interest charge and psychological damages will easily double this figure for which Pakistan should go to ICJ for collection judgement on these guilty parties.
"The US embassy in Pakistan has long been opposing Pakistan’s decision to publish the cost of terrorism, according to officials privy to the discussions."
It doesn't matter that it has been published. The global media, which is actually the western media, will not mention it at all. It's amazing how biased the western media is.
And $102.5 billion is nothing when compared with precious life of the people lost !