Essays On The Economy Of Pakistan by Badr Hashmi

By Badr Hashmi

Fellow United countries Asian improvement Institute

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S i m i l8 r l y , the recessionary effects w e re pronounced on the B I M-family of industries. Pro d ucts of the Peoples' Steel Mill h ave becom:e uncompetitive due to the declining im port prices o f products to almost dump ing l eve l ; "'' �ereas the prices o f i m ported inputs have n o t decreased b y the same m argin . A gain, the HMC produ cts have become uncom­ petitive , and th erefore offtake i s ver y p o o r as agai ns t p roduc­ ti on and capacity wh ich is resul ting in unbearable invento r y level.

S o r t i u m under the IBRD. (ii) Persuading these five Mus lim countries t o join the . exi s t i ng C onsortium. This would i ncrease the number of our "friends" on the Group . (iii) · To have a bilate ral dialogue on annual basis w ith each one of these countries, and ensure continu ing annual commi tment of aid outside the formal i ns titutional arrangemen t s . The acute p ro b lem of deb t servrcrng has been solved to But is likely to assume a some extent for the t ime b e i ng . significant mag n i tude ove r the next few yea r s .

Need t o b e looked i n to :- (a) l here must b e a strict scrutiny and control of all the expenditure, except the one which has a functional j ustification, such as : meeting the basic con s umption requirements of the community, producing socially desired investment creasing overall goods and services, 6 r/and in­ productivity. All o ther types of expenditure s ho u l d be st�pped by a delibera te p olicy decision of the G overnment, (b) All profits of a non-functional character, viz . ed a t the source and brought into the public exchequer.

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