Open AccessProject Appraisal in Pakistan: A Review
Author(s) -
Shamim A. Sahibzada,
Mir Annice Mahmood
Publication year - 1985
Publication title -
pakistan development review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.154
H-Index - 26
ISSN - 0030-9729
DOI - 10.30541/v24i3-4pp.687-701
Subject(s) - investment (military) , project appraisal , government (linguistics) , business , public investment , developing country , economic growth , scarcity , social welfare , process (computing) , public economics , welfare , control (management) , public welfare , economics , finance , economic policy , political science , market economy , politics , linguistics , philosophy , management , computer science , law , operating system
The less developed countries face real problems in allocatingtheir scarce resources to multifarious needs such as the development ofadequate physical and social infrastructure and for investment in theprimary and secondary sectors. Thus, the role of the government in thedevelopmental process in these countries should be to control investmentin the public and private sectors with a view to maximizing bothnational income and social welfare. For this, it is imperative that onlysuch projects arc selected as contribute most to the achievement ofthese objectives. This necessitates sound planning.