Fellow of ICSSR and Associate Professor in Economics, Bhararthidasan University, Trichirappalli.
Online published on 6 August, 2012.
The problem of foreign debt got emerged during the 1950’s; got nurtured during 1960’s; became mature during 1970’s; and then burst into crisis in the early 1980’s. The Asian crisis of the late 80’s accentuated the whole debt crisis. The Asian crisis started from Thailand and spread at a faster rate to all Asian Tigers. It also did not leave the nearby developing countries without being affected and Pakistan was in no way an exception. There was a heavy rise of debt in all developing countries of Asia including Pakistan. The recent global crisis will also have a serious negative impact on this economy. This paper is an attempt to dissect the intricacies of the debt crisis in this country.
The major objectives of the paper are
To examine the growth of debt outstanding, short term debt and long term debt and IMF credit.
To examine the trend values for the debt outstanding of Pakistan and the components of debt.
To examine the position of Pakistan among the Asian countries’ based on the development and debt Indicators.
