This study aims to evaluate the public debt sustainability of Pakistan using the debt sustainability analysis (DSA) framework and fiscal reaction function (FRF). For the empirical analysis, it uses relevant important macroeconomic variables, such as public debt, external debt, primary balance,...

This paper examines the dynamics of current account imbalances in Pakistan. Following the small open economy general equilibrium model of Obstfeld and Rogoff (2005), and adding few variations in model, we investigate the impact of external shocks induced changes in current account on the real...

Privatization of public-sector enterprises (PSEs) has generated billions of dollars to support fiscal and macroeconomic imbalances in several developing countries. A limited literature evaluates the recent privatization program impacts on the PSEs. This study empirically investigated the...