Balance of Payments Problems of Pakistan

Abstract

This study seeks to analyse developments in Pakistan's balance
of payments during the period 1948-60. The first section attempts to
give a definition of the payments problem and briefly discusses the
various causes of balance of payments disequilibrium in the light of the
accepted theory. Against the theoretical background thus provided,
Sections II to VII review the major phases in Pakistan's balance of
payments and highlight developments. The final section summarises the
main conclusion emerging from the study