Pakistan says terror war impedes economy

14:20, June 05, 2010      

Email | Print | Subscribe | Comments | Forum 

Increased cost of Pakistan's war on terror and energy crisis impeded growth rate of the country, Pakistan's Economic Advisor Hafiz Sheikh said Friday.

The advisor also released annual economic survey of the outgoing financial year 2009-10 which witnessed a modest growth rate of 4.1 percent in the face of multifarious challenges.

Pakistan's financial year begins from July 1. The government will announce new budget 2010-11 on Saturday.

Sheikh said the cost of war against terror has been increasing since 2002 and jumped up significantly during 2009 when an intensified operation was launched. He said the war on terror has resulted in lost investment and output, capital flight and lost job opportunities.

The Advisor pointed out that 2008-09 was the most difficult year in the economic history of the country as the government inherited negative growth rate and had to take difficult decisions to take the economy out of troubles. He said though these were risky decisions by a political government but their positive impact is now quite visible.


【1】 【2】 【3】

(Editor:燕勐)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Giant red lantern lights up in Tiananmen Square to celebrate the coming National Day on Oct. 1. (Xinhua/Li Xin)
  • A ceremony is held in Taipei, southeast China's Taiwan, on Sept. 28, 2011, to commemorate the 2,562nd birthday of Confucius (551-479 BC), a Chinese thinker, educationist and philosopher. (Xinhua/Wu Ching-teng)
  • The world's first Boeing 787 Dreamliner for delivery arrives at Haneda airport in Tokyo, capital of Japan, on Sept. 28, 2011. The Boeing 787 Dreamliner, whose buyer is All Nippon Airways (ANA), will implement a flight of ANA on Oct. 26 from Tokyo's Narita Airport to Hong Kong in south China. (Xinhua/Ji Chunpeng)
  • A Libyan National Transitional Council (NTC) fighter shows what is believed to be human jawbone found inside a mass grave near Abu Salim prison in Tripoli, Libya, Spet. 27, 2011. The NTC on Sunday said they had found a mass grave containing the bodies of 1,270 people killed by Gaddafi's security forces in a 1996 massacre at Abu Salim prison in southern Tripoli. (Xinhua/Li Muzi)
  • Rescue workers and local residents search for survivors after a building collapsed in old Delhi, India, Sept. 27, 2011. At least 10 people were killed and 35 injured when an old three-storey building collapsed. More than a dozen people are still feared trapped under the debris, police said. (Xinhua/Partha Sarkar)
  • A visitor has flying experience in the windmill castle of Jinshitan National Holiday resort in Dalian, northeast China's Liaoning Province, Sept. 27, 2011. The castle is a 23-meter-high building with 21 meters in diameter. The castle uses wind tunnel to make objects floating in the air. It is the first indoor stadium in China, which enables people to have flying experience. (Xinhua/Zhang Chunlei)
Hot Forum Discussion