Pakistan

Country’s economy hit by militancy, Gilani tells ICG

Pakistan's role as a frontline state in the war against terror has had serious implications on every sphere of national life.

Express July 06, 2010

Pakistan’s role as a frontline state in the war against terror has had serious implications on every sphere of national life, with a serious impact on the economy, Prime Minister Syed Yousaf Raza Gilani said on Tuesday, adding that the threat of terrorism could not be addressed unless its root causes were addressed through development.

Taking to the International Crisis Group (ICG) president, Louise Arbour, and other members of the group at the Prime Minister’s Secretariat, Gilani said that the country’s armed forces and security personnel had rendered great human sacrifices. Highlighting the impact of militancy on Pakistan’s economy, he said that militants on the run from Fata and Swat were now targeting urban centres.

He said the foreign investment in Pakistan has declined considerably and economic activities have come under pressure. Despite such serious constraints, Pakistan remains resolutely committed to take this war to its logical conclusion, rooting out the threat of terrorism and militancy from its soil, he added. Dilating upon his government’s persistent efforts in this regard, he said that the government will take all political forces along in major decision-making processes to develop and strengthen democratic institutions.

Highlighting the government’s achievements such as the unanimous adoption of the 18th Amendment, according autonomy to Gilgit-Baltistan, and initiating work on the Balochistan reforms package, he said all institutions needed to work within the prescribed parameters to avoid friction and thwart attempts to subvert democracy in the future.

The government, he said, was forced to divert its meagre resources meant for development to rehabilitation and reconstruction of infrastructure in areas affected by militancy.

The ICG chief lauded the prime minister and his government’s reform agenda. She appreciated the commitment of the government and people of Pakistan as well as huge sacrifices of the security forces in the war against terror.

The International Crisis Group, through its reports and analyses of the situation in Pakistan, will continue to mobilise international opinion and support to help the country overcome its difficulties.

Published in The Express Tribune, July 7^th, 2010.

COMMENTS (2)

Ammar Zafarullah | 14 years ago | Reply Premier Gillani concerns over the economic decay are legitimate as we suffered the financial losses of over 35 billion USD due to the after effects of war on terror. The aid to Pakistan is however limited as from 2002-2011 the civilian aid is not more than 4.4 billion. While the economic hardships remain a reality we need to tackle them. Firstly by ensuring transparency in implementation of all development and CSF expenditures will assure the donor that we are willing to invest more in social reforms Secondly proclamations such as declaring Pakistan Steel Mills as assets won’t help as it is clearly a liability which needs to be privatized, we have to cut down on our expenses and give free-market economy to foster so that the benefits can trickle down to masses.

Rashid Saleem | 14 years ago | Reply Pakistan’s economy has suffered a lot due to the growing violence and militants. Reason being the unsafe environment for foreign investors. Unless and until we eradicate trends of violence from our society, we cannot expect foreign investors to invest in our country.

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