Budget

Economic survey indicates decline in losses caused by terrorist attacks

KARACHI: The Economic Survey of Pakistan, released yesterday by Finance Minister Ishaq Dar, showed decline in losses caused by terror acts by a considerable margin.

The losses caused by terrorism incidents during the first nine months amounted to $4.53 billion in 2014-15, which were 31.7 per cent less than 6.63 billion lost in 2013-14.

The losses are calculated on the basis of loss of exports, privatization, physical infrastructure, foreign investment, industrial output and tax collection, cost of uncertainty and the amount paid in compensation to victims of terrorism.

“The rise of violent extremism and increase in terrorism in Pakistan due to instability in Afghanistan not only caused serious damage to Pakistan’s economy but has also been responsible for widespread human suffering due to indiscriminate attacks against the civilian population,” says the economic survey report.

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