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The Balance of Payments and External Resources in Pakistan's Third Five Year Plan A Comment

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  • SARTAJ AZIZ

    (Planning Commission, Government of Pakistan)

Abstract

The Pakistan Institute of Development Economics has initiated a number of useful studies on different aspects of the Third Five Year Plan. Many of these studies have already yielded thought-provoking articles, one of which is Dr. Bruce Glassburner's critique of the Third Plan's sixth chapter on the balance of payments and external resources [1]. 2. The main conclusion reached by Dr. Glassburner as a result of his meticulous analysis of the balance of payments projections and policies is that the Plan's export targets are overambitious and may be difficult to achieve; that the import projections are conservative and will not sus~in the projected investment or consumption levels, and as a consequence Palclstan may not be able to reduce reliance on foreign assistance to the extent vrualized in the Plan.

Suggested Citation

  • Sartaj Aziz, 1966. "The Balance of Payments and External Resources in Pakistan's Third Five Year Plan A Comment," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 6(4), pages 567-575.
    • Handle: RePEc:pid:journl:v:6:y:1966:i:4:p:567-575
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