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‘Struggle on terror’ has cost Pakistan $118bn: SBP

KARACHI: Pakistan’s ‘struggle on terror’ has cost $118 billion to this point, a brand new document through the State Financial institution has stated.

The State Financial institution of Pakis­tan (SBP) in its annual record on Thursday confirmed that extre­mist violence cost the rustic $118.3bn in direct and oblique losses from 2002 to 2016.

“Each financial expansion and social sector construction were critically ham­­pered through terrorism-related incidents,” the document stated.

Pakistan was a pivotal US best friend within the struggle towards extremism after the Sept 11, 2001 assaults spurred america invasion of Afghanistan.

A Coalition Give a boost to Fund used to be authorized by way of the United States to enhance Pakistan within the warfare, with an annual unencumber of round $1bn since 2002. By way of final yr Pakistan had rece­ived a complete of $14bn.

The SBP stated that except inflicting immeasurable human struggling, together with casualties and mass displacement, the warfare had helped pressure away overseas funding, stall home funding, freeze exports, and decelerate industry.

Revealed in Daybreak November 19th, 2016

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