The World Bank Group reports, Pakistan’s GDP has averaged 59.62 US dollars from 1960 to 2014. The GDP of Pakistan was worth 246.88 billion US dollars in 2014. This is significantly low when compared to India with a GDP of 1.84 trillion US dollars. Pakistan’s GDP value represents 0.40% of the world’s economy. Agriculture showed a growth of 3.3%, industry increased by 6.8%, and the service sector reported a growth of 5.2%. Pakistan’s GDP rate expanded 4.14% in 2014 from the previous years; averaging 4.92% from 1952-2014 (Trading). According to Dunya News, the start of the year wasn’t looking good. The major region of Pakistan was hit by major floods while political instability and terrorism tarnished the confidence of the investors in the country. Nonetheless, the situation improved by the end of the year and major indicators started to improve.
One of the main causes of inflation in Pakistan has been the high prices of raw materials, high taxes, and the excess printing of bank notes. It is one of the most important contributing factors to poverty in the country. According to Asian Development Outlook, inflation dropped significantly. This drop reflects adequate food...
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...nomy as a whole. It is difficult to assess the exact total but an estimate of indirect and direct cost for the past 10 years has been calculated by the Ministry of Finance in the Economic Survey. Economic costs from terrorism include cost for maintaining law and order, maintaining forces for counter terrorism, upgrading weapons, training, and facilities for law enforcement agencies. Also, included in the costs are securities for diplomats, foreigners, politicians, and schools. The official estimated cost of war does not include damage or loss of private property, businesses and agricultural lands. According to the survey the cost of war was in the range of $2.669 billion in the year 2001-2002 and $17.830 billion in the year 2010-2011 (Impact). The table below shows the estimated cost of terrorism in the last ten years, totaling the cost of war at $67.9 billion:
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