ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Growth and Crisis in Pakistan's Economy

This essay looks at the political economy of Pakistan during the last two decades. Why has Pakistan faced recurrent balance of payments difficulties? Are the structure of production and exports the culprits? The essay first seeks to throw light on the current crisis facing Pakistan, and then goes on to examine the crisis of 1998 and the stabilisation strategy pursued. This is followed by a look at the long-term evolution of Pakistan's economic policies from the days of Z A Bhutto, touching upon the structural weaknesses that have plagued the economy.



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