Author(s): Shabir H, Naeem A, UI Haq PI
Presently, world is facing terrorism in different manifestations. The socioeconomic and geopolitical situation of the world has abruptly changed after the 9/11 event of terrorism. Pakistan is also facing the menace of terrorism which is eroding the country’s social structure, economic development and political system. The acts of terrorism are threatening Pakistan’s law and order situation, violating human rights of the citizens, damaging basic infrastructure and economic opportunities. The immediate costs of terrorist acts are loss of human lives, destruction of property and infrastructure and curtailment of short-term economic activity. Additionally, terrorism creates uncertainty, reduces confidence and increases risk perceptions; leading to lower rates of investment and lower economic growth. In fact, Pakistan has not only lost precious lives and infrastructure; according to official estimates, it has also suffered a loss of around $ 35-40 billion since 2001-2002.