This document summarizes a cost-benefit analysis conducted to determine if advancing Pakistan's FMD control program from Progressive Control Pathway Stage 2 to Stage 3 is worthwhile. Production models were used to estimate the long-term impacts of FMD on milk production, animal offtakes, and herd value. While results indicated the investment is likely beneficial, there was a large degree of uncertainty due to limited field data. More data collection is needed to better evaluate the costs and benefits of advancing Pakistan's FMD control efforts.