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The Impact of Foreign Capital Inflow on Savings and Investment: The Case of Pakmtan

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  • NAHEED ASLAM

    (Pakistan Institute of Development Economics.)

Abstract

The paper! examines the role of foreign capital in the context of savings and investment for Pakistan for the period of 1963-64 - 1984-85. The question of the impact of foreign capital inflows on domestic resources has assumed primary importance in view of the increasing debt burden and declining concessionality of foreign loans. The data analysis! , based on the classification of loans according to rates of interest and terms to maturity, reveals that the terms and conditions of foreign loans have become more stringent over time, i.e. higher interest rates and lower maturity periods. The worsening terms and conditions of external loans have resulted in increasing reverse flow obligations. Debt servicing as a ratio of export earnings and foreign capital inflow has rapidly increased over time. During 1960-61 - 1970-71, debt-servicing obligations could be met from 14.85 percent of foreign assistance or 10.29 percent of our commodity export earnings, whereas during 1980-81 - 1984-85 foreign debt servicing could be fmanced from 29.63 percent of export earnings or 64.79 percent of foreign assistance.

Suggested Citation

  • Naheed Aslam, 1987. "The Impact of Foreign Capital Inflow on Savings and Investment: The Case of Pakmtan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 26(4), pages 787-789.
    • Handle: RePEc:pid:journl:v:26:y:1987:i:4:p:787-789
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    Citations

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    Cited by:

    1. Ghulam Mohey-ud-din, 2007. "Impact of FCI on Economic Growth in Pakistan," Journal of Independent Studies and Research (JISR), Shaheed Zulfikar Ali Bhutto Institute of Science and Technology (SZABIST), vol. 5(1), pages 24-29, January.
    2. Zaman, Khalid & Khan, Muhammad Mushtaq & Ahmad, Mehboob, 2012. "The relationship between foreign direct investment and pro-poor growth policies in Pakistan: The new interface," Economic Modelling, Elsevier, vol. 29(4), pages 1220-1227.
    3. Ouoba, Youmanli, 2020. "Natural resources fund types and capital accumulation: A comparative analysis," Resources Policy, Elsevier, vol. 66(C).
    4. Matthew McCartney, 2011. "Pakistan, Growth, Dependency, and Crisis," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 16(Special E), pages 71-94, September.
    5. Zafar Iqbal, 1993. "Institutional Variations in Saving Behaviour in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 32(4), pages 1293-1311.
    6. M. Ali Kemal & Anum Jilani, 2016. "Impact of Foreign Aid in Education on Educational Outcomes," PIDE-Working Papers 2016:139, Pakistan Institute of Development Economics.

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