Definition of Terrorism Final

8/2/2019 Definition of Terrorism Final

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Terrorism actually comes from the Latin Word

Fear

The Unlawful Use of Force Against Persons or

Property to Intimidate or Coerce a Government, the

Civilian Population, or Segment Thereof, in the

Furtherance of Political or Social

Objectives.(Source FBI)


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Is an unlawful act of violence

Intimidates governments or societies

Goal is to achieve political, religious or ideological

objectives


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Terrorism is different from regular crime because of

its strong political properties

The definition of terrorism can vary from people to

people due to the differences in standpoint One persons terrorist can be anothers fighter


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1990s: Pakistan Supports Taliban

2001: Pakistan Joins the War on Terror, PakistanisDon't

2002: More Counterterrorism ... and More Terrorism

2003: U.S. & Pakistan Cooperate, but Pakistan"Talibanization" Increases

2004-2005: U.S. Aborts Plan to Capture Al QaedaHeads

2006-2007: Pressures on Musharraf Rises as Pursuit ofTaliban Continues

2008: Musharraf Departs, Militants Become Focus ofU.S. "War on Terror"


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Industrial base

Agricultural base

Service base


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Agriculture constitutes the largest sector of our

economy. Majority of the population, directly or

indirectly, dependent on this sector. It contributes

about 24 percent of Gross Domestic Product (GDP)and accounts for half of employed labor force and is

the largest source of foreign exchange earnings.


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The manufacturing being the second largest sector

of the economy bears significant importance 18.4

percent contribution to GDP. Overall manufacturing

sector posted a negative growth rate of 3.3 percentduring the current fiscal year against the target of

6.1 percent and 4.9 percent of last year. However,

production in large scale manufacturing during

July-Mar 2011-12 witnessed a broad-based declineof 7.7 percent against the revised growth target of

negative 5.0 percent.


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The service being the largest sector of the economy

bears significant importance 52.77percent

contribution to GDP.


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Impact of this war is multidimensional e.g. it has

political, social, national security and most

importantly economical impact..

these dimensions are closely interlinked with eachother..

Failure at one front raises the probability of failure

on all fronts..


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Pakistans economy has faced with many challenges

such as:

1. Slowdown of economic growth

2. Decline in investment..

3. High inflation..

4. High level of fiscal and current account deficits..


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The main objective of Pakistan fiscal policy issustained economic growth in unison with declinedebt services, poverty alleviation, the creation of

job opportunities and investment in physical and

human infrastructure. It is unfortunate that fiscalspace available during the last seven years (2000-2012) was not used to provide support to structuralreform; instead, painful structural reforms were

delayed. The current government decrease the 60percent governmental expenses.


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The inflation rate in Pakistan was last reported at 10.8

percent in March of 2012. From 2003 until 2010, the average

inflation rate in Pakistan was 10.15 percent reaching an

historical high of 25.33 percent in August of 2008 and a

record low of 1.41 percent in July of 2003. Inflation raterefers to a general rise in prices measured against a standard

level of purchasing power. The most well known measures of

Inflation are the CPI which measures consumer prices, and

the GDP deflator, which measures inflation in the whole ofthe domestic economy.


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Pakistans GDP has been one of the main economic factors

that have been affected by the terrorism exposed to the

country. Consumers who were used to going out on a

regular basis and purchasing high volumes of merchandise

have been afraid to do in the recent years. This has caused alarge decrease in consumer spending, which in turn has had

a negative impact on the Pakistan economy. As the GDP

growth rate has gone down from 8.40% in 2004-05 to 5.80%

in 2007-08 and more recently it has reduced to 2.10% in2008-09 And from 2010-2012 GDP is 10.1%.


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Pakistan conducts most of its trade with the UnitedStates and the European Union and furthermore,according to sources, 50% of its exports are to thesetwo locations. However, due to terrorism threats onand from Pakistan, foreign governments havediscouraged its citizens to visit Pakistan. Several bigcompanies who have had interest in procurement oftextile (Pakistans largest export product) have takentheir business to neighboring countries. Exports aresaid to have gone down from $19.22 billion to $6.1billion dollars amidst the reduction of imports. Thetrade balance/deficit is -4.5(billion $) and one of thereasons for this is because of the public global imagethat has been portrayed of Pakistan.


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In the country where macroeconomic indicators are

plunging as a result of political turmoil and

terrorism, it is obvious that not only foreign

investors but local investors will be petrified aboutinvesting to get profit. As a result of this, the

Pakistan FDI has reduced by about 1.475 billion or

52.8% during its last fiscal year. Some of the

reasons that have been stated for this sharp declineare as follows: future uncertainty, poor law and

order, and power shortages.


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The exchange rate has gone up from 60.5(Rs/US$)

to 90.91(Rs/US$) which has a bad effect on the

economy.

According to recent surveys, it cost Rs340 billion onterrorism which has caused the economy more

than $35million in lost.

Pakistan tourism industry suffered a loss of 44

million dollars in the past year and has gone down

by 6% despite various campaigns.


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Definition of Terrorism Final

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