Pakistan, a developing country, desperately looked for foreign investment in order to promote growth and investment. Pakistan introduced a number of policy measuresin the last few decades and attracted substantial foreign investments. But it is not clear whether foreign investments inflowsin...

This paper is divided into two sections. The first section deals with the Foreign Direct Investment (FDI). It gives a brief overview of the dependencia theories of the 1960s and the OS response to them. This is followed by a brief on IMF Fund Adjustment Program which is viewed as unilateral...