Book Review: Issues in Pakistan’s Economy

doi: https://doi.org/10.35536/lje.2000.v5.i2.a9

Viqar Ahmed



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Abstract

S. Akbar Zaidi, Issues in Pakistan’s Economy, Oxford University Press, Karachi, 1999. 462 pp. Price: Pak Rs. 450/-. In the last five decades, Pakistan’s economy has, as they say, gone places. Undoubtedly, this economy is much more broad-based, with increases in productivity in all sectors, incomes (even if nobody believes it), trade, infrastructure, social sectors. Living standards and consumption levels and patterns are more diversified than those in the early years, though the benefits are unevenly distributed. Such disparity and imbalances created additional complications because of a rise in expectations, which is invariably faster than production capacity and income increases. Developing countries, soft societies as these are, must face problems emerging from the resulting frustrations and frictions.

Keywords

Pakistan, economy, distribution, economic situation