roadrunner
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It certainly had a big impact, not just right then and there, but in the long term. Pakistan was since then seen as a warmonger and a proliferator of terror. Up until 1999, the west always had a policy of parity between India and Pakistan. But this changed, investors were now all excited about India and essentially uplifted it's economy by making radical changes in their foreign policy by first and foremost scapping the parity doctrine. Unfortunately Pakistan was branded as a bad apple and avoided like the plague by potential investors and their governments. As I said in my previous post, the reason Pakistan is treated like a red headed step child is specifically because of this conflict. Bill Clinton, the guy who was responsible for changing the dynamic of the entire region post 1999 wrote a lot about this in his memoir.
Energon, please. You're making too much out of the Kargil skirmish. Let's not go into Kargil itself. But there's no way Pakistan's economy went under because of Kargil. Pakistan's economy was messed up long before this. To fight a skirmish in Kargil was certainly not expensive, as most was guerilla warfare, of which the facts are disputed. That leaves your other theory that Pakistan was seen as a bad apple because of the Kargil skirmish and therefore investors did not look to invest into Pakistan. This is just nonsense. Lack of investment in Pakistan during 1999 was because the country had nearly defaulted. There was simply no point in investing. Investors care about one thing..making money. Kargil would have had no impact on this, and the US or UN did not place any sanctions on Pakistan, or make any anti Pak recommendations over Kargil, so this certainly had no impact on investment into Pakistan post Kargil.
One things for sure. There hasnt been a long term fallout from Kargil. Investment into Pakistan increased when reforms were carried out in 2002. From then on, it's been registering record levels of investment.
PS Quoting asiatimes is like quoting wiki for Pakistan articles. It's written by some guy carrying a grudge against the military (he got fired or something).