It sure as hell wouldn't have caused the country to enter a steep decline. Look how pissed even the rich French are at losing a similar amount of money. That's enough to buy almost ten thousand rotis for every person in Pakistan.
What steep decline are you talking about, Pakistan's exports, imports, budgetary deficits, FDI, spending patterns have not shown any unusual change during 2001-2013 that cannot be explained using historical Pakistani economic patterns or through non-WoT factors. In fact, Pakistan's exports rose steepest in history during the period 2000-2012 while exports as a percentage of GDP remained roughly the same suggesting no unusual patterns.
Don't go as far as France, if i lose my wallet that has at best a few hundred rupees, i'll be pissed. You are addressing a different question under the garb of addressing the $120-150 billion loss figures which remain unsubstantiated. Yes, any upheaval in the region will have economic ramifications, but we should never believe a number just because it was quoted in a fancy official document without any supporting evidence.
Do you want a Chinese Report about American Finances. Do you want a French report about the Australian economic conditions?...
- Would you let students ever grade their own exam performance? or have them write reasons for poor results for the official school record? or do you want to ask an academic expert?
- Do you want to just copy paste links without reading them? Anyone reading that link with a little thinking ability would question the source of those precise numbers in the billions of dollars per year. You just believe statements just because they are in a PDF, are in figures you don't understand or do you want to try confirming where they came from?
- Exports of Pakistan show the steepest climb between 2001 and 2012, the exact period cited as the worst for Pakistan in your linked report.
- GDP growth was steepest during 2001-2012, again the same period this report cites as the period where we lost over $100 billion.
If you want to believe the lame unsubstantiated excuses of economic policy makers because you don't want to spend a minute reading, feel free to. Feel free to believe that the record exports and GDP growth in history of Pakistan was actually the period we lost the most economic grounds. Forget that Pakistan rode the WoT ladder back into relevance after nuclear tests sanctions era and Kargil. Forget that one of Pakistan's lowest CAD was recorded in 2000s due to cash inflows.
Says an Indian who's never stepped foot in Pakistan...
Use the 'Indian' card when questioned against your illogical or unsubstantiated claims! Right.