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.

Published in Dawn November 19th, 2016

Opinion

PML-N bad cop outfoxed
Updated 13 Jun 2021

PML-N bad cop outfoxed

The feel-good factor can cancel out some of the very negative perceptions about the PTI among low-income voters.
Sink or swim
13 Jun 2021

Sink or swim

What have schools learnt during Covid?
Decoding Digitisation
Updated 12 Jun 2021

Decoding Digitisation

The scope of information technology or digitisation continues to be discussed in a rather limited manner in mainstream discourse.

Editorial

Covid strategy
Updated 13 Jun 2021

Covid strategy

It is critical for govt to demonstrate to the public how badly health, business and education have suffered during the pandemic.
13 Jun 2021

Women in Balochistan

THE Balochistan government seems to be taking steps to improve women’s integration into society and the workforce...
13 Jun 2021

Deprived of cricket

THE federal cabinet has disallowed PTV to enter into an agreement with an Indian company for broadcast rights to...
12 Jun 2021

Feel-good budget

WE have been here before. Every time a government gets some fiscal space it immediately shifts gears to growth,...
Rep Omar’s tweet
Updated 12 Jun 2021

Rep Omar’s tweet

Over the last several decades, America has been instrumental in destabilising a number of Muslim states.
12 Jun 2021

Poor health indicators

IF the coronavirus has taught the world anything, it is that the old maxim ‘health is wealth’ is true. Though...