ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

Pakistan: Demise of an Economy

Issues in Pakistan's Economy by S Akbar Zaidi; Oxford University Press, Oxford (also OUP Karachi), 2000: pp xvii + 462; price not given.

His son failed to understand why the father did not go to work. The father was working at home after his long stint at the Applied Economic Research Centre at the University of Karachi had been terminated. If not for the unfortunate victimisation, Akbar Zaidi would probably not have found the time to accomplish a work, which by all standards has become truly impressive. Issues in Pakistans Economy (IPE) is a big-sized and solid volume, the writing of which must have been, as the author writes in his opening statement, a challenging and often daunting task.

Like the government of India, the government of Pakistan yearly brings out its Economic Survey. It provides basic statistics on agriculture, industry, foreign trade, fiscal policies, social indicators, etc, and, since Pakistan has started earlier with its bash with globalisation, may contain the trends which India will be subject to in a couple of years time. Most distressing are the figures on debt and debt repayment. Of the total resources (Rs 567 billion, including Rs 142 billion from external resources) only 145 billion was spent on defence and as much as 276 on debt servicing, i e, 49 per cent. It does not need much calculation to appreciate how much is available for all the other government tasks.

Dear Reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here

Or

To gain instant access to this article (download).


Pay
INR 59

(Readers in India)


Pay
$ 6

(Readers outside India)

Support Us

Your Support will ensure EPW’s financial viability and sustainability.

The EPW produces independent and public-spirited scholarship and analyses of contemporary affairs every week. EPW is one of the few publications that keep alive the spirit of intellectual inquiry in the Indian media.

Often described as a publication with a “social conscience,” EPW has never shied away from taking strong editorial positions. Our publication is free from political pressure, or commercial interests. Our editorial independence is our pride.

We rely on your support to continue the endeavour of highlighting the challenges faced by the disadvantaged, writings from the margins, and scholarship on the most pertinent issues that concern contemporary Indian society.

Every contribution is valuable for our future.