Abstract
It is generally felt that foreign resources (debt) b as not played its role in development, rather it has become a burden for the economy. Pakistan's foreign debt has grown over at 1 1 per cent per annum, compared with recent economic growth of less than A per cent. In this paper an attempt is ma& to model foreign debt and make predictions [mit till the year 2010. The model indicates that, although, find gn debt burden is not very severe now, it will become unsustain-able in the future. The entire growth of the economy MU kl be wiped out by debt services, if ii is not properly =mgt.& Alternative polity options itre proposed to solve the deli crisis even before it emerges.
Muhammad Aslam CHAUDHARY, Sh. Shahbaz ALI. (1996) THE BOMB OF FOREIGN DEBT: Is There Any Way To Escape? A Case Study of Pakistan, Pakistan Journal of Applied Economics, Volume-12, Issue-1.
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