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

Discussion in 'Pakistan' started by farhan_9909, Jun 4, 2013.

  1. farhan_9909

    farhan_9909 Tihar Jail Banned

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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
     
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  3. farhan_9909

    farhan_9909 Tihar Jail Banned

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    meanwhile we had a growth of 8.4% and only 2nd to china prior to WOT.

    this is what happens when you start a war for a known backstabber country against your own people for the sake of 1billion per year or dirty but hollow comments of bombing you to stone age

    better late than never..the sooner we end all diplomatic ties with America which indirectly means less and less CIA access in pakistan.which again means no more money or arms to cia or terrorist intelligence agency to spread terrorism in pakistan


    China's New Growth Challenger Is Pakistan: Mukherjee (Correct) - Bloomberg
     
  4. ladder

    ladder Senior Member Senior Member

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    Yes the threats were hollow ;) , now you should stop giving NATO passage through KPK as said by PTI.
    We are also eager to see what follows next as the response to it.
     
    Last edited: Jun 4, 2013
  5. SajeevJino

    SajeevJino Long walk Elite Member

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    $100 billion is a Huge Value

    If you give abotabadd information to US ..That's just a Phone call costs around $2 and Surely they give Trillion dollar money to you ..You missed it Pakki

    :truestory:
     
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  6. Blackwater

    Blackwater Veteran Member Veteran Member

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    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.



    There is called unofficial funds,which you receive in the name of WOT and others. if your ISI/ARMY/Musshy/Zardari did not utilize those funds properly, what is world''s fault

    west has adequately compensate pakistan time to time


    not to forget billion $$$ comes through drug money control by ISI.
     
  7. MLRS

    MLRS Regular Member

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    All these financial losses means Pakistan is in a weaker position and can not harm its neighbors.
     
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  8. Bhadra

    Bhadra Defence Professionals Defence Professionals Senior Member

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    But Pakistanis eat grass to wage their version of Jehad....

    There is enough grass in Pakistan...
     
  9. Waffen SS

    Waffen SS New Member

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    I dont know what is exact English translation of this Bengali idiom-"Dharmer Kal Batase Nore" what I can that is If you do injustice against truth,nature will automatically take it's revenge.
    Perhaps my Bengali mates can give better translation.

    Did not they make India unstable from 1980's?Now die.
     
  10. Ray

    Ray The Chairman Defence Professionals Moderator

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    Good way to fudge figures and shock the world so that they drop pennies into Pakistan's begging bowl!

    Who is the cause of all the terror?

    Pakistan.

    The Good Book (Bible) says - As ye sow, so shall Ye reap!

    Now reap and meet the Grim Reaper!

    [​IMG]
     
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  11. Decklander

    Decklander New Member

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    Iska matlab saaf hai, USA kay vapas jaanay kay aiwaz main bhikari apni bheek kee keemat bata raha hai.
     
  12. sayareakd

    sayareakd Moderator Moderator

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    whose fault is that, if Pak cant good price for firing few blanks and sleep in same bed with Talibs, China and US.

    You guys have milked Uncle and Chinis, you cant milk Talibs, so talibs started daily blasts in Pakistan.

    BTW how much is military aid and new F16 costed you guys ?
     
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  13. Blackwater

    Blackwater Veteran Member Veteran Member

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    what about world suffer due to terrorism originated from Pakistan???


    what about 10000 died/billion $$$$ lost due to terrorism from pak?
     
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  14. rock127

    rock127 Maulana Rockullah Senior Member

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    So you see US is going to make YOU suffer ... by $$$ and lives... 50,000 pakis dead + $100 B.

    But you would not learn ever.
     
  15. sayareakd

    sayareakd Moderator Moderator

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    with $100 billion, US will rape Pakistan 100 billion times, i dont think they will be even interested in raping Pak, they already do it on daily basis with drone attacks.
     
  16. W.G.Ewald

    W.G.Ewald Defence Professionals/ DFI member of 2 Defence Professionals

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    St. Paul to the Galatians 6:7-9
     
  17. Ray

    Ray The Chairman Defence Professionals Moderator

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    That is the nub of the issue.

    Where has Pakistan done any good?

    Weary was, weary is, is their badge since they can only perpetuate evil - an evil that is now consuming them!
     
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  18. Vishwarupa

    Vishwarupa Senior Member Senior Member

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    As usual pakis are playing victim card & begging monies from their bosses.
     
    Last edited: Jun 5, 2013
  19. sayareakd

    sayareakd Moderator Moderator

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    Pak knows that their milking of Uncle is going to stop in 2014 so they want to extract what ever they can, congress is not going to grant them any money if US forces are out of Afghanistan, no transit rights, since Pak has never fought war on terror seriously no money and military aid for them, may be few fighters would be tossed to them.

    Bhikari ko pata hai ki koi bhik nahi milagi, to he is desperate and wants more for his so called non existent service. Pakis uncle is no fool, he has fought two world wars, cold war and war on terror and won all, you expect to think that you can fool uncle................:rofl:
     

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