Obama in India: India keen to jointly develop Electromagnetic Aircraft Launch System with US

[haviZsultan]

You cant demand anything from US.
Because the aid and support is flowing in one way not two way.

Pakistan lost more than it earned in the war on terror. The aid was maximum at 18 billion $ till today. We lost $ 100 billion. But that is the Indian view and the US is buying it more and more. You are lucky you chose Russia as an ally. We foolishly sided with the traitorous Americans.

ISLAMABAD: 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, The News has learnt.



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 $100 billion mark.In return, Pakistan had so far received around $15 billion through official channels on account of over $10 billion in shape of Coalition Support Fund (CSF) compared to official losses of $68 billion till fiscal year 2010-11, so only 14 percent losses were reimbursed by the US.



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



When spokesperson for the US embassy was contacted on Sunday, she said that the US provided $3.5 billion assistance to Pakistan since October 2009 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 told The News.



A senior official who is involved in the budget making process told this scribe 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 $68 billion 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 $17.8 billion 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.



The cost of war incurred losses to Pakistan was standing in the range of $2.669 billion in fiscal year 2001-02, $2.749 billion in 2002-03, $2.932 billion in 2003-04, $3.410 billion in 2004-05, $4.670 billion in 2005-06, $4.670 billion in 2006-07, $6.940 billion in 2007-08, $9.180 billion in 2008-09, $13.560 billion in 2009-10 and $17.830 billion in 2010-11, totalling the cost of war to $67.926 billion in the last 10 years.



Alone in fiscal year 2010-11, the country’s exports dwindled to the tune of $2.90 billion, compensation to affectees caused $0.80 billion losses, damage to physical infrastructure $1.72 billion, foreign investment declined by $2.10 billion, privatisation could not materialise $1.10 billion, industrial output impacted negatively by $1.70 billion, tax collection nosedived by $2.10 billion, cost of uncertainty $2.90 billion, expenditures overrun $1.60 billion and others $ 0.90 billion, totalling the cost up to $17.82 billion just in one year.



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 $2.669 billion in 2001-02 to $13.6 billion by 2009-10, and rose to $17.8 billion 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.

 

[Abingdonboy]

Pakistan lost more than it earned in the war on terror. The aid was maximum at 18 billion $ till today. We lost $ 100 billion

I'm sorry but you have no one but yourselves to blame. The cost incurred to Pakistan over the years is as a direct result of the policies your government and military have followed in the past decades.

You are lucky you chose Russia as an ally. We foolishly sided with the traitorous Americans.

India plays this game very well, choosing no one (Non-allignment) and reaping the rewards from all sides.

US should identify the best Indian engineers and offer visa for them to immigrate to America.

This has happened over the years, a lot of India's brightest minds are in the US, there's the old cliche that 30% of NASA are of Indian origin.

But the reverse brain drain is already on and many of them are returning to India.

The US will be in a deep pit in the coming decades because their economy and standing in the world is almost entirely based on immigrants (Silicon valley and Wall Street) and once these guys return home or simply stop seeing America as their intended destination and you actually have to start relying on your domestic work force and abysmal public school system then what are you going to do? Already many MNCs from America have the vast R&D centres in India and (to an extent) China, this isn't going to last forever.

 

[Mr.Nair]

we are trying to move away from trying to seek parity between India and pakistan. American president cant go to china as a single trip... why not to India. Why tag pakistan along in the trip just because its nearby.
US president can always plan a visit separately(which requires careful planning by both pakistan and USA diplomats).

I don't think any US president will visit pakistan any time sooner or later.As the afghanistan chapter going to be over for US and so less depend on pakistan for that case, a visit is highly unlikely.If pakistan starts bold steps curbing terrorism then a likely visit might happen.Note that Bush visited only for hours in pakistan even at war peak in afghanistan.

 

[SrNair]

Pakistan lost more than it earned in the war on terror. The aid was maximum at 18 billion $ till today. We lost $ 100 billion. But that is the Indian view and the US is buying it more and more. You are lucky you chose Russia as an ally. We foolishly sided with the traitorous Americans.

ISLAMABAD: 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, The News has learnt.



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 $100 billion mark.In return, Pakistan had so far received around $15 billion through official channels on account of over $10 billion in shape of Coalition Support Fund (CSF) compared to official losses of $68 billion till fiscal year 2010-11, so only 14 percent losses were reimbursed by the US.



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



When spokesperson for the US embassy was contacted on Sunday, she said that the US provided $3.5 billion assistance to Pakistan since October 2009 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 told The News.



A senior official who is involved in the budget making process told this scribe 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 $68 billion 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 $17.8 billion 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.



The cost of war incurred losses to Pakistan was standing in the range of $2.669 billion in fiscal year 2001-02, $2.749 billion in 2002-03, $2.932 billion in 2003-04, $3.410 billion in 2004-05, $4.670 billion in 2005-06, $4.670 billion in 2006-07, $6.940 billion in 2007-08, $9.180 billion in 2008-09, $13.560 billion in 2009-10 and $17.830 billion in 2010-11, totalling the cost of war to $67.926 billion in the last 10 years.



Alone in fiscal year 2010-11, the country’s exports dwindled to the tune of $2.90 billion, compensation to affectees caused $0.80 billion losses, damage to physical infrastructure $1.72 billion, foreign investment declined by $2.10 billion, privatisation could not materialise $1.10 billion, industrial output impacted negatively by $1.70 billion, tax collection nosedived by $2.10 billion, cost of uncertainty $2.90 billion, expenditures overrun $1.60 billion and others $ 0.90 billion, totalling the cost up to $17.82 billion just in one year.



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 $2.669 billion in 2001-02 to $13.6 billion by 2009-10, and rose to $17.8 billion 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.

Sir , you are wrong.None of these Superpowers are that perfect.
Sorry sir .In here you should blame yourselves.Superpowers will decide things in theirown way.We had good relation with USSR but we always kept somedistance from them.And all of it that was not that smooth.Soviet helped us a lot.But virtually they dominated our arms sector .Bought weapons worth around 50 billion$ for 4 decades.Sometimes delayed our own development.But still better than what you experienced from US.

We cant trust anyone as our perfect friend.There is only permanent interests.
We should be very careful when we engage with other powers.And even China is also not an exception.
We always trust our own ability and seek minimum support from outside.
That is why noone in the world cant dictate us.