ISLAMABAD – The loss of precious lives due to the menace of terrorism in Pakistan has mounted higher than 50,000 but the accurate data of monitory loss reveals that Pakistan loses Rs 8,264.4 billion in the name of terrorism.
The cost analysis were presented in the Economic Survey of Pakistan which stated that during first nine month of last fiscal year (July-March 2013-14) the monitory loss remained Rs 701 billion.
The total estimate included both direct and indirect costs during last thirteen years of terrorist attacks.
It was, however, important to note that the losses during the outgoing fiscal year had declined by 32.9 per cent as compared to last year. Losses during 2013-14 had scaled back to the 2007-08 in terms of dollar value. The declining trend for losses had started in 2011-12 and has continued since then.
Pakistan lost the most in 2010-11 for any single year when its losses due to terrorism were calculated to be Rs2,037bn ($23.77bn).
The impact of terrorism on the economy was measured by a finance ministry-led inter-ministerial committee comprising representatives of ministries of interior, foreign affairs, commerce and inter-provincial coordination.