Pakistan suffers $100bn losses in ‘war on terror’

Discussion in 'Pakistan's War Against TTP' started by UmarJustice, Jun 4, 2013.

  1. UmarJustice

    UmarJustice FULL MEMBER

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    The government is making efforts to calculate the latest estimates of losses borne by Pakistan’s economy in the last 12 years after becoming an ally of the US in its war against terrorism since 9/11, 2001.

    These mind-boggling figures, which are in the process of finalisation, might be released in the upcoming Economic Survey 2012-13, which will be launched just ahead of next budget announcement.

    The decision to insert latest estimates on war on terror will be taken by the incoming government of the PML-N but official circles confirmed that efforts are underway to come up with latest estimates on total losses.

    According to very initial and rough estimates, the losses incurred by different sectors of Pakistan’s economy in the last 12 years might go close to $100bn mark.

    In return, Pakistan had so far received around $15bn through official channels on account of over $10bn in shape of Coalition Support Fund (CSF) compared to official losses of $68bn till fiscal year 2010-11, so only 14% losses were reimbursed by the US.

    In the head of military assistance in shape of FMF (Foreign Military Fund), Pakistan received $2.1bn, grants for the economy to the tune of $1.5bn, budgetary support of $1.2bn and debt write- off $1.5bn.

    However, it is not yet known that how much amount the US disbursed through non-governmental organisations (NGOs), international NGOs and some other initiatives such UN in disasters like earthquake and floods.

    A spokesperson for the US embassy said yesterday that the US provided $3.5bn assistance to Pakistan since October2009 in shape of civilian and military aid but it did not include reimbursement amount of CSF.

    She concluded by promising to share overall assistance being provided by the US to Pakistan on all heads including CSF, civil and military assistance and all kinds of initiatives since 9/11, 2001 within coming week.

    “The Finance Ministry, in consultation with the Foreign Office and other ministries are working to calculate latest figures on losses incurred by Pakistan’s economy after becoming frontline state in the US-led war against terrorism,” official sources said.

    A senior official who is involved in the budget making process said that the Foreign Office was taking lead on this subject while the Finance Ministry’s Adviser Wing was playing crucial role to come up with latest estimates.

    Two years back, the former PPP-led regime had unveiled in the Economic Survey 2010-11 that Pakistan’s financial losses stood at $68bn for various sectors of the economy in the aftermath of becoming an ally in the US-led war against terrorism.

    But the government had not given update on its losses in the last Economic Survey of 2011-12 but now efforts are underway to come up with latest estimates prepared on the basis of projections shared by all relevant ministries on official basis.

    The cost of war on Pakistan’s economy had risen to $17.8bn for the financial year 2010-11.

    Pakistan had to face innumerable losses on account of precious human life losses as well as financial losses incurred to the country’s economy.

    Consequently, economic growth slowed and demands for imports reduced with consequential decline in tax collection and inflows of foreign investment were naturally adversely affected, accentuated by the travel bans issued by western governments to its entrepreneurs.

    Pakistan continued to pay a heavy price in terms of both the economic and security terms. A large portion of its resources, both men and material, are being consumed by this war for the last several years.

    The economy was subjected to enormous direct and indirect costs which continued to rise from $2.669bn in 2001-02 to $13.6bn by 2009-10, and rose to $17.8bn in 2010-11, and moving forward, the direct and indirect costs to the economy might rise further.

    Despite repeated attempts to get version of Secretary Finance Dr Waqar Masood, he did not reply SMS till filing of this report.

    http://www.gulf-times.com/pakistan/186/details/354974/pakistan-suffers-$100bn-losses-in-%E2%80%98war-on-terror%E2%80%99
     
  2. Zarvan

    Zarvan ELITE MEMBER

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    we can Louise 100 billion more if we continue to fight our own people in this american at and in return USA will humiliate us and give money which will not even 5% of what we lost and that too will be given like they are doing great favor to us so stop following USA they will only back stab you make deal the afghan Taliban's and would run away leaving us more troubles
     
  3. StormShadow

    StormShadow SENIOR MEMBER

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    Loosing 200 billion more is better than being bombed back to stone age.
     
  4. Zarvan

    Zarvan ELITE MEMBER

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    USA don't have gutts we have nukes we need to talk to our own people and take a stand other wise we are doomed
     
  5. haviZsultan

    haviZsultan PDF THINK TANK: ANALYST

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    Pakistan has suffered gravely in the war on terror. I would like to paint a bright picture here, that all is okay and we have hunted the Taliban down completely, this is far from the truth.

    Top militant commanders still rule areas of FATA and the army has not even attempted in some cases to take back those regions. I think we need to step up our efforts to eliminate the Taliban. Especially we should hunt down top commanders of the TTP like Hakimullah Mehsud. We need to eliminate this rabble known as the Taliban
     
  6. PlanetWarrior

    PlanetWarrior SENIOR MEMBER

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    What will you do? Nuke yourself when the USA attacks you ? :D
     
  7. Zarvan

    Zarvan ELITE MEMBER

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    you would hunt one another would replace them and thee fight would ccotinue and you would be exaustedd infact your army already is
     
  8. jbond197

    jbond197 SENIOR MEMBER

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    How can one lose more than he can ever imagine to have? I wonder!!
     
  9. Zarvan

    Zarvan ELITE MEMBER

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    no use our warheads on you and USA's non Muslim allies in our range
     
  10. Keshav Murali

    Keshav Murali FULL MEMBER

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    Guts? USA might not have guts but their some of their politicians are extremely senile. For example, a few days ago, some Syrian rebels were arrested in Turkey with Sarin and VX chemical gas. Next day, US senator John Kerry asks Obama to provide weapons to those very same rebels.

    But 100 billion dollars seems to be over-estimate :unsure:
     
  11. FaujHistorian

    FaujHistorian ELITE MEMBER

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    As an Indian you should not be spreading Islamist propaganda.

    Like so many unsuspecting Indian posters, your ignorance (and hate for Pakistan) is leading to a path of your arguments that support Talib@stards and Pakistanis socialists and commies.



    peace
     
  12. Zarvan

    Zarvan ELITE MEMBER

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    sir we are not Syria we are Pakistan with world one off the best missile systems
     
  13. PlanetWarrior

    PlanetWarrior SENIOR MEMBER

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    Hahaha you truly are a funny fellow.
     
  14. Keshav Murali

    Keshav Murali FULL MEMBER

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    :confused:

    Yes, but you lack ICBM class missile system like Topol-M. You cannot launch a ballistic missile with 1500 km into USA. And if you don't manage to do that somehow within 2 years, most of USA will be protected by THAAD high altitude missile shield. Your missiles will be shot down in space.

    I don't sympathize with USA.

    Exactly want we want for Pakistan too!
     
  15. SHAMK9

    SHAMK9 SENIOR MEMBER

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    You are so full of sh*t, what about gulf countries? they suck up to USA, go nuke them too with your imaginary nukes.