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Pakistan’s Cost of War

By Talat Masood

US think tanks, Congressional committees and State Department officials keep reminding us of the $12 billion of assistance that has been provided to Pakistan since 2001. Nearly 68 percent of this amount was reimbursement of costs incurred by Pakistan military in counterterrorism operations in FATA. And over $3 billion were provided for economic assistance and development. There is no doubt that deciding to join the war on terror led to substantial flow of US and international assistance from individual countries and donor agencies and did contribute for a while in bringing about macroeconomic stability and increased growth rates. But Pakistan soon realised that its fiscal and monetary policies that were heavily reliant on foreign assistance were not able to sustain growth. Continue reading

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