This paper analyses a key element of the attractiveness of foreign direct investment (FDI) in Pakistan with special emphasis on computing the cost of capital in effecting the rate of return and the internal cash flow for investment of the investing firms. Using Jorgenson's Neoclassical...

In this paper, we attempt to explore the rationale behind the emphases on the improvement in both the deficit-to-GDP and the tax-to-GDP rations that have remained the cornerstones of Pakistan's fiscal refom effort in the 1990s. The analysis demonstrates that the efforts to increase the overall...