ISLAMABAD - Pakistan has faced massive economic loss of over $102 billion in the last 13 years in the war on terror, besides sacrificing thousands of lives of innocent people, a survey report says.

“Pakistan continues to suffer heavy losses both in the economic and security terms because of this situation while a substantial portion of precious national resources, both men and material, has been diverted to counter the security challenges during the last several years,” the Economic Survey of Pakistan says. It reveals the country has faced loss worth $102 billion till March 2014. The loss in terms of Pak currency has stood at Rs 8.26 trillion.

It further says the rise of violent extremism and increase in terrorism in the country due to instability in Afghanistan not only caused serious damage to Pakistan’s economy but also was responsible for widespread human sufferings because of indiscriminate attacks against the civilian population.

In order to assess the impact of the incidents of terrorism on the economy of Pakistan during the past several years, the finance minister has constituted a committee.

The Ministries of Interior, Foreign Affairs, Finance, Commerce and other relevant departments estimated the impact of conflict in Afghanistan and that of terrorism on exports, foreign investment, privatisation, industrial output and tax collection etc and updated the estimates for FY12, FY13 and FY14.

The summary says that due to terrorist attacks, Pakistan suffered total $6.693 billion loss during the outgoing fiscal year –$323 million in exports, $13.97million as compensation to affected people, $437 million in infrastructure, $3.26 billion in foreign investment, $1.732 billion in tax collection, $ 32.6 million in cost of uncertainty and $763 million in other heads.

According to the cost of war (2001-14), Pakistan suffered loss of over $102 billion. The figures show that the country faced loss of $23.77 billion in 2010-11, $11.98 billion in 2011-12, $13.56 billion in 2009-10, $9.18 billion in 2008-09 and $9.9 in 2012-13.

The survey report says that the conflict and instability in Afghanistan in the aftermath of the 9/11 attacks and their regional implications had very negative repercussions as the years following the US invasion of Afghanistan saw a huge influx of Afghan refugees across the border into Pakistan. It also witnessed a sudden spike in the frequency and scale of terrorist attacks in Pakistan.

The report further noted that this situation disrupted Pakistan’s normal economic and trading activities which not only enhanced costs of business but also created disruptions in the production cycles, resulting in significant delays in meeting the export orders around the globe.

As a result, the report says, Pakistani products have gradually lost their market share to their competitors.