Pakistan News Service

Tuesday Nov 21, 2017, Rabi-al-awwal 2, 1439 Hijri
Logo Logo
LATEST :
Pakistan News Home -> Top -> News Details

Pakistan war on terror has cost $118 billion: SBP

19 November, 2016

  Related News  
Turkish President demanded Kashmir disput to resolve in accordance with will of Kashmiri ppl
!1 Indian soldiers killed on Nov 14
  More on this View All

KARACHI: Pakistan’s ‘war on terror’ has cost $118 billion so far, a new report by the State Bank has said. The State Bank of Pakis­tan (SBP) in its annual report on Thursday showed that extre­mist violence cost the country $118.3bn in direct and indirect losses from 2002 to 2016.

“Both economic growth and social sector development have been severely ham­­pered by terrorism-related incidents,” the report said.

Pakistan became a pivotal US ally in the battle against extremism after the Sept 11, 2001 attacks spurred the US invasion of Afghanistan.

A Coalition Support Fund was approved by the US to support Pakistan in the war, with an annual release of around $1bn since 2002. By last year Pakistan had rece­ived a total of $14bn.

The SBP said that apart from causing immeasurable human suffering, including casualties and mass displacement, the war had helped drive away foreign investment, stall domestic investment, freeze exports, and slow down trade.

 What do you think about the story ? Leave your comments!

Heading (Optional)
Your Comments: *

Your Name:*
E-mail (Optional):
City (Optional):
Country (Optional):
 
 
Field marked(*) are mandatory.
Note. The PakTribune will publish as many comments as possible but cannot guarantee publication of all. PakTribune keeps its rights reserved to edit the comments for reasons of clarity, brevity and morality. The external links like http:// https:// etc... are not allowed for the time being to be posted inside comments to discourage spammers.

  Speak Out View All
Military Courts
Imran - Qadri long march
 
Candid Corner
Exclusive by
Lt. Col. Riaz Jafri (Retd)
Pakistan itself a victim of state-sponsored terrorism: Qamar Bajwa
Should You Try Napping During the Workday?
Suggested Sites