Econometric models are generally constructed for a specific country on the assumption that national economies are independent. In reality, this is not the case. In this paper, we have constructed prototype linkage econometric models for Pakistan, India, Bangladesh and Sri Lanka. These models are...

This is the first of a series of symposiawe are organizingin the pages of the Pakistan Development Review to fix our gaze on the twilight zone lying between the theory and the practice of development economics. In the Autumn of 1979-1 must confess, not without a tinge of autumnal depression-I...

The recent uncertainties about aid flows have underscored the n~ for achieving an early independence from foreign aid. The Perspective Plan (1965- 85) had envisaged the termination of Pakistan's dependence on foreign aid by 1985. However, in the context of West Pakistan alone the time horizon...

Dr. Huda's conference address on "Planning Experience in Pakistan" is both useful and refreshing. He reviews, in the brief space of twenty pages, the principal economic problems and policy issues facing Pakistan at this crucial stage of its development. His approach is extensive rather than...

The purpose of this study is to examine Pakistan's foreign-trade problems and policies in the context of the wider question of a rational allocation of domestic resources. It will be argued that measures taken in Pakistan to resulate the flow of imports and exports have led to a pattern of...

Islamic banking, a financial innovation, has come to be seen as the most 'visible' aspect of Islamization. Notwithstanding its novelty, it has made considerable progress, measured by the rapidity with which it has been adopted in the Muslim (even non-Muslim) countries in a relatively short...