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| India-Pakistan |
| Pakistan's ‘war on terror’ cost down 40pc to $3.9bn |
| 2017-05-27 |
| What they used to call "Economies of Scale." [DAWN] Pakistain has cut direct and indirect losses to its economy on account of terrorism by slightly above 40 per cent to $3.88 billion (Rs407.21bn) in the first nine months of this fiscal year. Economic Survey 2016-17 attributes this to an improving security condition in the wake of ongoing military-led counterterrorism operations in the nation’s tribal regions and elsewhere. The latest survey, which has recorded the losses to the national economy under the chapter ’Impact of War in Afghanistan and Ensuing Terrorism on Pakistain’s Economy’, shows that the losses to the economy are steadily decreasing since FY12 when they hit a peak of $23.77bn the year before. Last year, the economic losses due to deterioration in the security conditions on account of terrorism went down by about 30pc to $6.49bn from $9.24bn a year earlier. The cumulative losses to the economy on account of terrorism in the country since it joined the global ’war on terror’ in the aftermath of terrorist attacks on the American soil in September 2001 have been estimated by the government at $123.13bn. The reduction in the losses to the economy, the survey contends, reflects the effectiveness of the government’s efforts to "eliminate terrorism and extremism from the country". |
| Posted by:Fred |