Havoc terrorism has played with Pak economy

LAW Minister Zahid Hamid told Senate on Friday that the country’s economy has suffered losses worth $56.88 billion due to the terror acts over the last five years. He pointed out that physical infrastructure and exports suffered loss of 5.25 billion and 7.1 billion dollars in the war on terror.
The Minister was necessarily citing figures for just 5 years but the overall damages go well beyond $100 billion if one includes the cost that Pakistan has to bear as frontline ally in the war against terrorism. These figures have been mentioned repeatedly by different governmental authorities in the past as well as the present rulers. The Minister deserves credit for highlighting the issue but the question arises why Pakistan failed to present its case effectively before the world community for compensation of the losses. The story of failures began when the then President General Pervez Musharraf did not avail the opportunity of $10 billion assistance package by the United States and instead surrendered to all demands of Washington without seeking anything substantial in return. In subsequent years too, his Government and those succeeding his regime, the country could not made a convincing case mainly because of inefficiency and lack of interest on the part of those at the helm of affairs. What a tragedy that the country suffered huge losses of over $100 billion but the United States provided a meagre amount of $13.7 billion under so-called Coalition Support Fund during the last 15 years. It is all the more unfortunate that the war is continuing with full force as far as Pakistan is concerned forcing it to divert its precious resources from other heads including development, to fight terror but the United States, instead of increasing the support, is blocking even the committed amount and equipment. Prime Minister Nawaz Sharif has the capacity and capability to make a convincing case before the world community and he may do so without losing further time.

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