Pakistan pays heavily in international fight against terrorism

Pakistan has faced direct and indirect losses to the tune of 34.52 billion dollars in its fight against Islamist militants since 2001 when it joined the international alliance against terrorism, the latest government data revealed, dpa reported.

The financial losses, which have impacted all sectors of the economy, were expected to hit 8.46 billion dollars during the current financial year, which ends June 30, according to a document from Pakistan's Finance Ministry obtained by Deutsche Presse-Agentur dpa.

"The war on terror negatively affected Pakistani exports, prevented the inflows of foreign investment, affected the pace of a privatization programme, slowed overall economic activities, reduced import demand and tax collection, and caused expenditure overruns," the report said.

Thousands of jobs have been lost, both civilian and military infrastructure has been damaged in the conflict and Pakistan's domestic tourism industry has suffered, it added.

"Pakistan continued to pay a heavy price in terms of both economic and security concerns," Ashfaque Hassan Khan, special secretary to the Finance Ministry, told dpa. "A large portion of its resources, both men and material, have been consumed by this war for the last several years."

He said the economy initially suffered losses of 2.67 billion dollars in the financial year 2001-02, an amount that rose to 6.26 billion dollars in the past financial year and were projected to amount to 8.46 billion dollars this year.

Pakistan has seen a constant rise in its Islamist militancy and terrorist attacks since 2001 when thousands of al-Qaeda and Taliban fighters sought refuge in its ungoverned tribal region after the US-led invasion of Afghanistan.

Initially, they used their safe havens in Pakistan's tribal belt to launch cross-border attacks on international troops in neighboring Afghanistan, but then also started to strike Pakistani security forces when Islamabad launched operations against them in mid-2007, mainly because of US pressure to do so.

The sudden rise in the Islamist insurgency in late 2007 combined with political instability the following year under former president Pervez Musharraf, caused a meltdown in Pakistan's economy, which flourished in the first five years of the country's anti-terrorism coalition with the United States and other Western countries.

Pakistan's rupee lost 27 per cent of its value and the country's stocks fell nearly 50 per cent last year, mainly because foreign investors fled the country on security concerns. The country then sought help from the International Monetary Fund to avoid a looming default on its foreign debts.

The country's losses in terms of human lives have also been high over the past eight years. According to some estimates, Pakistan has lost more than 1,200 soldiers, around 10,000 other security personnel and civilians while around half a million people have been displaced internally because of operations against militants in Pakistan's tribal areas and the adjacent North-West Frontier Province.

In return, Pakistan has complained that it has received little aid from its Western allies, including the United States, which continue to press the poor Islamic country to do more against the insurgents.

According to Musharraf, who decided to join the US-led fight against terrorism in 2001, Islamabad has received 11 billion dollars in military and non-military aid from the Americans in the past eight years, compared with the 143 billion dollars the United States spent in Afghanistan during the same period.

"It is very strange that, on one side, the US keeps asking us to step up our fight against al-Qaeda and the Taliban and, on the other, it does nothing to economically stabilize the country," said a Foreign Ministry official.

"It is a wrong approach since an economically weak Pakistan would be more vulnerable to the forces [of the Taliban and al-Qaeda] that the US wants to defeat," he said.

US Secretary of State Hillary Rodham Clinton said President Barack Obama's administration plans to triple non-military aid to Pakistan, which has been far lower than the 6 billion dollars in military assistance sent to it under former president George W Bush.

Missile attacks on Barda by Armenian Armed Forces heavily damage local business entities (PHOTO)
Missile attacks on Barda by Armenian Armed Forces heavily damage local business entities (PHOTO)
Georgian Tegeta motors opens “Toyota center” in Batumi
Georgian Tegeta motors opens “Toyota center” in Batumi
Kazakhstan's Nostrum Oil & Gas reveals revenues forecast for 9M2020
Kazakhstan's Nostrum Oil & Gas reveals revenues forecast for 9M2020
Loading Bars
Armenia's attack against Barda is crime against humanity perpetrated in widespread manner - Azerbaijani embassy in Canada
Azerbaijani embassy to Canada condemns speeches in House of Commons as they support war crimes
Armenia-inflicted damage on culture in occupied Azerbaijani territories would soon be irreversible - Modern Diplomacy report
Situation at front - under Azerbaijani Armed Forces’ control - Defense Ministry
Fire brigade extinguishes fire in Azerbaijan’s Goranboy due to Armenian Armed Forces’ artillery strikes
I don't know how efficient meetings are going to be now with regard to Armenian leadership - President Aliyev
President Ilham Aliyev's response call for Armenia: Recognize Nagorno-Karabakh
Azerbaijani PM phones Turkish VP regarding recent earthquake
Turkey already engaged in Karabakh settlement, whether Armenia likes it or not - President Aliyev
President Aliyev says Pashinyan lies about Pakistani, Turkish forces fighting for Azerbaijan
President Aliyev talks online footage of armed clashes, Azerbaijan's military potential
If Armenia got sanctions imposed on it as with Iraq, conflict would've been resolved long ago - president
Armenian side has no moral norms, no honor or dignity - President Ilham Aliyev
News about earthquake in Turkey’s Izmir saddens Azerbaijan – FM
If someone willing to create second Armenian state, let them give away part of their own territory - Azerbaijani president
When three nuclear powers cannot exert pressure on Armenia, this raises questions - President Aliyev
Azerbaijani Embassy in Turkey opens hot line in connection with earthquake in Izmir
Combining efforts of Turkey and Russia to benefit region - President of Azerbaijan
What's happening now - results of Armenian PM Pashinyan's activity, says Azerbaijani president
President Ilham Aliyev expresses condolences to President Recep Tayyip Erdogan
Missile attacks on Barda by Armenian Armed Forces heavily damage local business entities (PHOTO)
Every human life is priceless, our losses are minimal - Azerbaijani president
If Azerbaijan agrees on political settlement, Armenia must withdraw from Kalbajar, Lachin and part of Aghdam immediately - president
Armenia says one thing to mediators, then does something completely different - President Aliyev
Azerbaijan destroys 2 more 'Smerch' rocket launchers of Armenian troops - MoD (VIDEO)
President Ilham Aliyev talks Armenian troops killed during recent military clashes
Georgian Tegeta motors opens “Toyota center” in Batumi
Armenia refuses to hand over body of 84-year-old Armenian to his family
Uzbekistan increases profitability of its textile exports
Kazakhstan's Nostrum Oil & Gas reveals revenues forecast for 9M2020
Meeting between FMs of Azerbaijan, Armenia kicks off in Geneva
Russian leading list of countries of main wine importers to Georgia
Azerbaijan shows footage of liberated Khudaferin village (VIDEO)
Provocation of Armenian delegate suppressed during EU video conference (PHOTO)
MFA receives no info on Azerbaijani citizens among quake casualties in Turkish Izmir yet
President of Turkmenistan made video statement at International Forum for Northern Economic Cooperation
US expert warns Europe, says Armenian terrorism must be stopped before too late
Azerbaijan reveals data on maritime cargo movement for 9M2020
Turkmenistan’s Oil Refineries extends tender for gasoline purchase
MyWayAirlines to conduct charter flight Tbilisi-Warsaw on November
Kazakhstan’s Nostrum increases 2020 oil forecast despite COVID-19 concerns
Georgia reveals volume of snail meat to be exported to Italy
Uzbekistan introduces automated system for monitoring liquefied gas supply to population
Revival of electronic coupons in Iran to hit low-income families in Iran - economist
Armenia attacks Azerbaijani settlements mainly from its territory
Azerbaijan puts several mercenaries brought by Armenia to Karabakh on int'l wanted list
Shelling of Barda by Armenian troops - flagrant crime against humanity, says Russian expert
Georgia establishes Agro Business Association
Azerbaijan's Constitutional Court appeals to foreign constitutional courts
Uzbekistan ranks first in gold sales in 3Q2020 - World Gold Council
Estimated real gross domestic product declines in Georgia
Time deposits volume surges in Kazakhstan year-on-year
Turnover on payment cards in Azerbaijan increases
Turkmenistan's Turkmenbashi Oil Refinery to increase oil refining depth
Number of people infected with COVID-19 in Iran exceeds 600,000
Kazakhstan's Almaty launches production of environmentally-friendly batteries
Azerbaijani president instructs to assess damage caused to Azerbaijan by Armenia – aide to president
Kazakhstan's oil refineries decrease oil refining volumes as COVID-19 pandemic hits demand
Armenian Armed Forces attacked strategic targets in Azerbaijan - Prosecutor General
Azerbaijan puts high-ranking Armenian officials on int’l wanted list
Azerbaijan puts foreign fighters recruited by Armenia on international wanted list
Azerbaijan appeals to European Court on Human Rights - aide to First VP of Azerbaijan
Bakcell supports the residents of Barda
Petkim’s products exported to 78 countries abroad
Central Bank of Azerbaijan decides to keep discount rate unchanged
Kazakhstan increases export to China despite COVID-19
Military tribunal must be organized to assess Armenia’s crimes – Assistant to Azerbaijani president
SOS Children’s Villages International to do everything to support children during Karabakh conflict
7 families killed as result of Armenian terror against Azerbaijan – Azerbaijani prosecutor general
Armenia commits environmental terror against Azerbaijan - Ministry of Ecology (PHOTOS)
Macroeconomic stability remains steady in Azerbaijan - Central Bank chairman
Azerbaijan raises import of cars in 9M2020
Azerbaijan confirms 480 more COVID-19 recoveries
President Ilham Aliyev: Azerbaijani Army liberates 9 villages of Jabrayil, Zangilan and Gubadli districts
Passenger transportation decreases in Azerbaijan due to COVID-19 pandemic
STAR Refinery’s investment value to near $7B
Azerbaijani prosecutor general reveals civil casualties, injuries inflicted by Armenia
Kazakhstan's KazMunayGas reports decrease of oil transportation volumes
General Prosecutor's Office discloses crimes committed by Armenian Armed Forces against Azerbaijan
Temporary special administrations to be established in Azerbaijan`s territories liberated from occupation
Azerbaijani army destroys missile-artillery warehouse of Armenian Armed Forces - MoD (VIDEO)
Iran talks agricultural exports to Iraq despite restrictions
Kazakhstan's national oil company faces output decrease at country's major oilfields
Euro zone GDP jumps more than expected in third quarter q/q, prices fall
OSCE MG meeting on Karabakh conflict in Geneva to be closed for media
Permissions granted for building construction down in Georgia
Uzbek Ministry of Finance projects revenues, expenditure of consolidated state budget
Turkmenistan privatizing number of facilities to increase private sector's share in economy
Iran to allocate funds for projects in Malayer city
Khaf-Herat railway between Iran, Afganistan to commence by mid-November
Azerbaijan doesn’t succumb to provocations, responding to aggressor on battlefield - Israeli expert
Azerbaijani Prosecutor General's Office assesses damage done from Armenian vandalism
Iran's IRGC provides support to COVID-affected families
Fish production in Iran's Amlash city increases on annual basis
UK condemns continued shelling of civilian areas following attack on Azerbaijani Barda
Russian Export Center talks about exports to Azerbaijan
Glencore reports copper extraction volume decrease in Kazakhstan
Azerbaijan may expand business loan programs - Central Bank
MoD says Armenia's info on shooting down Azerbaijan's UAV - lie
Azerbaijan to develop its lands liberates from occupation via its own sources
All news