Ms. Tsakok [1] has done a useful job in summarising and commenting on the various estimates of shadow prices which appeared in the symposium on shadow pricing in Pakistan, published in the Summer 1979 issue of this Review. However, her discussion of my paper in the symposium [3] 1 is...

Recent developments in the methodology of socialcost -benefit analysis(SCBA) have centred on the use of weights to revalue the income flows created by projects. These developments reflect the increased concern expressed by many governmentsin the less developed countries (IDCs) about the problems...

The study investigates the performance of electric power sector of Pakistan at the firm level, as well as the sector as a whole. It identifies and attempts to quantify the extent of inefficiencies. Since either physical or financial or productivity indicators alone are not able to explain the...