Dar has previously said that the country sustained $4.53 billion direct and indirect losses from terrorism in the fiscal year 2014-15 and told CNBC that his country faced enormous challenges after the 2013 general election which was won by Nawaz Sharif and his Pakistan Muslim League-Nawaz party.
"The security challenges that Pakistan were facing at the time of the last general election in 2013 were what I call the three major 'E's': Extremism, economy and energy," he said.
"We took all the three E's on and we've had great successes so far in the macro-economic stability side and we are now working on the growth trajectory, job creation and things are moving on fine and security is equally important and so is the energy."
The International Monetary Fund (IMF) gave Pakistan a $6.6 billion loan in 2013 under a three-year program designed to help stabilize the economy. It has, as of March this year, received around $5.5 billion of that aid. Pakistan's gross domestic product (GDP) is expected to have grown 4.5 percent this fiscal year, the IMF noted.
In March 2016 following a review of Pakistan's economic performance in light of the aid program, the IMF concluded that the country was reaching fiscal targets and that economic activity had "continued to gradually gain strength," Mitsuhiro Furusawa, the Fund's deputy managing director said in the report.
Furusawa added, however, that "building on these gains, further progress, including in the area of structural reforms, is needed to generate strong and inclusive growth and make the economy more resilient and competitive."
There are some commentators that think that terrorism is still a major risk for the country on both an economic and political level. Dar said that a gloomy outlook on Pakistan was unfair as developing countries faced the same risks. "The terrorism risks are also in western countries and it's a global war, we have to fight it together and Pakistan has played a very proactive role at a huge cost to its Exchequer."
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