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International Debt and Foreign Dependency:Policy Options for Pakistan

Author

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  • M. ASLAM CHAUDHARY

    (Pakistan Planning Commission, Islamabad.)

Abstract

The economy of Pakistan is practically dependent upon foreign resources for its development. This is reflected in the foreign debt of Pakistan which is currently $14 billion (Government of Pakistan 1989). The purpose of this study is to find out whether Pakistan will end up accumulating a very heavy burden of foreign debt if the present tendency of borrowing were to continue. Also, how would debt servicing affect further demand for external financing. Finally, how could the country brellk out of this vicious circle of dependency on foreign loans by followingalternative strategies of development.

Suggested Citation

  • M. Aslam Chaudhary, 1988. "International Debt and Foreign Dependency:Policy Options for Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 27(4), pages 829-836.
    • Handle: RePEc:pid:journl:v:27:y:1988:i:4:p:829-836
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    File URL: http://www.pide.org.pk/pdf/PDR/1988/Volume4/829-836.pdf
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    Cited by:

    1. Kellman, Mitchell & Shachmurove, Yochanan & Saadawi, Tarek, 1996. "Import vulnerability of defense-related industries: An empirical model," Journal of Policy Modeling, Elsevier, vol. 18(1), pages 87-107, February.
    2. Eatzaz Ahmad, 2011. "A Qualitative Analysis of Pakistan’s External and Internal Debt," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 16(Special E), pages 123-157, September.
    3. Eatzaz Ahmad & Ayaz Ahmed, 1998. "A Simulation Analysis of the Debt Problem in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 37(4), pages 355-376.

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