Pakistan's economy has suffered $118.3 billion loss equivalent to Rs 9,869.16 billion [directly and indirectly] during the last 14 years due to war on terror. According to Economic Survey 2015-16, Pakistan's economy suffered a total loss of $14.80 billion in the two years - 2014-15 and 2015-16.
The losses for the two years are itemized as follows: (1) exports suffered a loss of $1.88 billion; (2) compensation for affectees $0.05 billion, (3) physical infrastructure $0.19 billion, (4) foreign investment $6.60 billion, (5)privatization $0.01 billion, (6) industrial output $0.03 billion, (7) tax collection $5.26 billion, (8) cost of uncertainty $0.04 billion,(9) expenditure over run $0.68 billion and other $0.68 billion.
The survey stated that Pakistan continues to be a serious victim of terrorism, including foreign-sponsored terrorism from our immediate neighbourhood. A substantial portion of precious national resources, both men and material have been diverted to address the emerging security challenges and to repair damaged infrastructure during the last several years, survey added.
The survey further noted that in addition to economic losses, cross border terrorism in Pakistan has also been responsible for untold human sufferings due to indiscriminate, brutal terrorist attacks against civilian population.
It stated that Pakistan has crafted a 20-point National Action Plan (NAP) which outlines various kinetic and preventive measures in order to address the menace of terrorism and violent extremism in the country.
According to the survey, the comprehensive, all out law enforcement action Zarb-e-Azb launched against all terrorist groups without any discrimination has been remarkably successful. Zarb-e-Azb has started paying dividend in terms of overall improved security situation in the country. This has created enabling environment for business and investment in Pakistan, survey stated.
It stated that both direct and indirect losses to the economy resulting from terrorism are on the decline. Pakistan successful counter terrorism efforts are result of strong domestic political consensus and unanimity on the need to eradicate terrorism in all its farm and manifestations.
However, durable peace and stability in Afghanistan and the region is necessary, among other factors, for further promoting sustainable economic growth in Pakistan.
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