Open AccessThe Pakistan Perspective Plan and the Objective of Elimination of Dependence on Foreign Assistance (Notes and Comments)
Author(s) -
Mohammad Anisur Rahman
Publication year - 1967
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/v7i3pp.412-415
Subject(s) - debt , perspective (graphical) , table (database) , plan (archaeology) , economics , external debt , capital (architecture) , foreign capital , goods and services , capital good , international economics , macroeconomics , economy , foreign direct investment , mathematics , geography , computer science , geometry , archaeology , data mining
1. The Pakistan Perspective Plan for the period 1965-85 states"elimination of dependence on foreign assistance" as one of its"explicit aims" [3, p.17]. In this paper we attempt an estimation of theprogress towards this objective the country can reasonably be expectedto make by 1985 if the Perspective Plan were fully realized. 2. Table 1[3, p. 19] gives estimates of annual imports and exports at five-yearintervals from 1965 to 1985. Table 6 [3, p. 24] provides a breakdown ofimports into three categories, viz., "consumer goods", "capital goods"and "intermediate products". If the author understands correctly, noneof these categories covers debt services1. Imports under these threecategories add up to total imports as given in Table 1 [3, p. 19] sothat the latter also do not include debt services. We, therefore,interpret the difference between imports and exports, termed "externalresources" in [3, p. 19], as measuring estimated net inflow of foreigncapital. Adding debt servicing to it we would obtain what has beentermed "total foreign assistance" in the Plan [3, Table 4, p. 91], orwhat is more conventionally referred to as gross inflow of foreigncapital.