Economic Impact of 9/11 on Pakistan - 966 Words

ECONOMIC IMPACT OF 9/11 ON PAKISTAN Nine years down 9/11, we note that three countries Afghanistan, Iraq and Pakistan bore the brunt of the aftermath of the dastardly deed. Destruction and mayhem resulting from the occupation of Iraq has regressed it from a booming oil economy into a hotbed of terror attacks. Then Afghanistan, which was already reeling under the impact of the after effects of the Soviet invasion and tribal wars for supremacy, has retrogressed further after the US-led invasion. The Taliban resurgence and machination by various secret services to establish their presence for their nefarious designs, makes Afghanistan a battleground for proxy wars. What is more, Pakistan got sucked into the war on terror, in response to the†¦show more content†¦Due to this depreciation of the currency, it has increased the cost of imports; hence, increasing the prices of various consumer goods. The trade deficit stands at a staggering $20 billion, as against a projected oil import bill of $11 billion which can only be paid by completely depleting the country’s foreign exchange reserves. The trend is unlikely to be reversed. The price of oil five years ago was a mere $25 per barrel. In view of the prevailing environment, fraught with risks, the government is constrained to give top priority to security and is bound to spend more on the security and law enforcing agencies, compromising development expenditures. Countert-errorism efforts, do not entail the high security measures for VIPs only, but in view of the armed forces and security agencies, financial, medical and educational institutions being targeted, allocation of the scarce resources to security has resulted in the acute decline in productive spending in the economy. The law and order situation has deteriorated to such an extent that Pakistan, which was a co-host for the 2011 Cricket World Cup, along with India, Bangladesh and Sri Lanka, has been deprived of the opportunity. It is estimated that the PCB will lose $10.5 million, due to the tournament being taken away from them. According to the Finance Division, in terms of the economic impact, the fallout on Pakistan has also been immense. As a frontline state in theShow MoreRelatedForeign Direct Investment Into Pakistan977 Words   |  4 PagesTitle: Causes of Foreign direct investment into Pakistan. Aim and objectives: The dissertation topic will focus on the importance of foreign direct investment into Pakistan’s Economy and will also focus around the causes of foreign direct investment. The report will look into three different perspectives such as, the effects on FDI pre and post 9/11, investment in different sectors of industry and the importance of investing countries in terms of contributing towards developing Pakistan’s infrastructureRead MoreGood Governance in Pakistan1667 Words   |  7 PagesGood Governance in Pakistan. OUTLINES: 1. Introduction 2. Definition of Governance 3. Governance in Pakistan. 4. Failures of Governance in Pakistan 5. Causes of failures: 1. Political commotion 2. No democratic setup 3. Military intrusion 4. Feudal indulgence 5. Massive Corruption 6. Constitutional crises 7. Institutional clashes 8. Mismanagement of resources 9. Lack of Accountability 10. Over Exploitation of funds 11. Restrictions on media 12. Ethnic conflicts 13. Secterianism 14. Extremism 6 EssentialsRead MoreEffect of Event 9/11 on Pakistans Domestic Policies2482 Words   |  10 PagesIMPACT OF THE EVENT 9/11 ON PAKISTAN’S DOMESTIC POLITICS AND PAKISTAN’S ECONOMY Dated: 29-04-2010 Executive Summary After 9/11 the challenges and allegations of supporting the militants imposed great affects on the security of the Pakistan. From welfare state Pakistan transformed into a security concern state which caused our military to mobilize. Post US and foreign aid caused the Economy to survive temporarily but it was only for temporary and end day situation was worst then day one. On politicalRead MoreHuman Resource Management And Pakistan869 Words   |  4 Pagesfor professionals, Sec. B Submitted to: Professor Fareedy HUMAN RESOURCE MANAGEMENT IN PAKISTAN 1) Since 1990’s, after the deregulation in public sector and in a climate where privatization was being fostered, the HRM practices in Pakistan can be analyzed within three broad categories; firstly national factors, business environment conditions and institutions. 2) In 1999, out of 15 large multinationals in Pakistan, only 3 were focusing on the HRM practices, whereas the major incentives was linkingRead MoreGender Wage Discrimination in Pakistan1465 Words   |  6 PagesDiscrimination in Pakistan | Evidence from Pakistan 2008/09 and 2010/11 | | | | Table of Contents Introduction 2 Literature Review 2 Methodology 3 Variables Used – Characteristics of Workers 5 Results 7 Discussion 7 Bibliography 8 Appendix A 9 Selectivity Bias Logit Regression Results: 9 Introduction This paper explores the dynamics of gender wage discrimination in Pakistan for two data sets; Labour Force Survey for the year 2008/09 and 2010/11. We will exploreRead MoreThe Practical, Psychological, Economical, Physical Impacts Made by 9/111444 Words   |  6 PagesIn the decade since the September 11 terrorist attacks, the Department of Homeland Security was founded, airports and airlines increased security, and Osama bin Laden has been killed. The U.S. has been entrenched in two ongoing wars in Iraq and Afghanastan. The Patriot Act and other legislation increased surveillance while decreasing our civil liberties. How have all of these changes and the lasting impact of 9/11 affected Americans? The Practical Impact The most obvious changes AmericansRead MoreImpact of Terrorism in Pakistan1628 Words   |  7 PagesImpact of Terrorism in Pakistan In lieu of unlawful violence to inculcate fear and increase coercion, terrorism has become a trending topic in the world today. Pakistan, a country in South Asia bordered by Afghanistan and India has been a country worthy of speculation due to the rate of terrorism and tribal wars that have quickly taken over the country. The sporadic effects of these attacks have begun to shatter what used to be one of Asia’s fastest growing economies. Impact on GDP Pakistan’sRead MoreSouth Asian region is considered the heartland of present times owing to its geo-strategic1200 Words   |  5 PagesAsian region is considered the heartland of present times owing to its geo-strategic location. Its location has evoked much interest among the major powers of the world. Conventionally, the region of South Asian has served as a hub of attractive economic activity for the other states out of the region. It situated with the South East Asia, the Middle East and Central Asia. These territories are measured quite insightful and purposefully significant regions of the world. China, Central Asia and RussiaRead MoreClassification and Assessment of Aridity over Pakistan During 1960-20091554 Words   |  7 Pagesof the country and it has serious impacts on the agricultural sector. This is quite unfortunate for our agriculture that evaporative demand and water requirement for crops in whole southern parts of the country is very high as compare to nort hern parts and it is very difficult to carry out the agricultural activity in these regions. Climate variability and change profoundly influence social and natural environments throughout the world, with consequent impacts on natural resources and industry thatRead MoreEconomy of Pakistan1686 Words   |  7 PagesIntroduction Pakistan was established in 1947 and since its inception; it has been surrounded by countless issues, some of which are confined to ill-formed/missing infrastructure, insufficient refined resources, barren or obsolete factories and technologies, the Kashmir controversy and other fronts also involving an ever-ready enemy to underscore its efforts towards progress. Despite being rich in natural resources, Pakistan has so far been a developing country with limited development in every