Download This PaperThe Impact of Terrorism on Pakistan’s Capital Market (2009–2014)
The Research Journal of Sufi Philosophy and Practice, The University of Sufism and Modern Sciences Bhitshah, Volume-I Issue-I April 2019
11 Pages Posted: 6 May 2020
Date Written: April 1, 2019
Abstract
Pakistan is the most affected country of terrorism, which has destroyed the economic and financial system of the country, meanwhile peace is considered as an essential element for the financial and trade development that brings out prosperity in the country. This paper is set out to investigate the terrorism and its impact on the country’s capital market over five years from 2009 to 2014, during this period; many terrorist incidents occurred in Pakistan. Further, it explains the scope and path of the capital market and impact of terrorism on it, the facts and figures on terrorist activities and capital market is based on the secondary data collecting from the various sources. During our analysis, we have found that terrorist activities have a detrimental effect on the capital markets understudies but, the importance varies from one market to another. The study recommends that economic growth and prosperity is grounded on the peaceful environment in the country. Thus, it is highly obligatory for the country to maintain law and order situations and safeguarding assets of the countries and establishing the strong anti-terrorism policies for betterment and growth of the capital markets.
Keywords: Peace, Terrorism, Pakistan’s capital markets, Political Economy and law and order
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