Pakistan: Terrorism responsible for country’s economic crisis: Reports

Pakistan is currently facing a serious economic crisis. Reports from several reputed sources, including Asian Lite, believe this crisis has come due to the country's extremism and heavy indulgence in state-funded terrorism.

Pakistan is currently facing a serious economic crisis. Reports from several reputed sources, including Asian Lite, believe this crisis has come due to the country’s extremism and heavy indulgence in state-funded terrorism. Meanwhile, the “Asian lite” report also suggests that the situation has come in the aftermath of years of faulty policies from the administration of Pakistan.

Over the years, Pakistan has remained invested in promoting militancy and extremism and terrorism. Thus, they have disregarded the care of their common citizens. This is evident in the country’s serious lack of long-term development plans. Contrarily, the government has showcased short-sightedness for engaging in war (or war by proxy) with their neighbour.


The economic condition of Pakistan is in a serious decline. The debt servicing obligation of Pakistan currently stands at 15.5 Billion. Meanwhile, the interest payments equal half of the country’s total income. The direness of the situation is evident in the fact that in the Financial year 17, the nation had an external debt of 66 Billion, while today, the figure stands at over hundred Billion (100 Billion)

Accordingly, the United Nations Developmental Programme (UNDP) has also published a report. In the said report, they specified the amount of debt to be greater than USD 250 Billion. The government must pay back USD 33 Billion by the end of the year. UNDP believe that this amount of debt surpasses the state’s carrying capacity.

Meanwhile, to further worsen the state of affairs, the Pakistani Rupee (PKR) value against the US Dollar currently stands at an all-time low of 267.48. The worsened situation of the country’s economy rest=ulted in the country’s inability to afford to import necessities. The FOREX reserve for the country stands low at 3.67 Billion. This amount can cover imports for only three weeks.

The international community has credited the state of affairs in the South Asian country to the recent devastating floods, global economic slowdown and faltering GDP Growth. Further, reports suggest that the situation in Pakistan is due to their actions as they never had a stable and long term developmental plan in place.

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