Terrorism and Its Impact on Economy of Pakistan

Abstract

After freedom, Pakistan has faced a lot of economic, social and safety issues, but the economy moved toward boom. Many industries like cotton, carpet, cottage, textile, handicrafts and other industry had grown and help to make the country more prosperous. But after the attack of 11th September 2001, these problems have transformed into internal threat like religious extremism, political unsteadiness, violence and inflation. Then the economy moves toward recession, the rate of gross domestic product was started to decline, producer shift its factories to Bangladesh, many families lost their love ones during the targeting killing, drones attack and bomb blasts and because of the law and order condition. This research seeks to find out the impact of terrorism on the economy of Pakistan, the ways to decrease the anxiety and effects of terrorism for social good fortune. Terrorism is one of the social evils not only for Pakistan but also for all over the world that destructively hit the society. The data is qualitatively analyzed through the implication of correlation and regression test and the results conclude that one of the most horrible impacts on the Pakistani society of the war on terror has been that religious prejudice has become wild; people have taken the law in their hands, weaponization is common.