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...

The analysis shows that the process of shifting the burden of stabilisation to the lower tiers of the government has seriously shrunk the capacity of the provincial governments to invest in social services. This has resulted in low social expenditures and, consequently, poor social conditions in...

The present study investigates the relationship between domestic savings and foreign capital inflows in Pakistan using cointegration and error-correction modelling of handling the non-stationary time series data. Applying three different cointegration techniques, the findings in this paper...