International Journal of Humanities and Social Science

ISSN 2220-8488 (Print), 2221-0989 (Online) 10.30845/ijhss

The Problem of External Debt Liabilities Management in Pakistan
Dr. Habib-Ur-Rehman, Waheed Ur-Rehman

Abstract
The deficit financing has been a distinguishing characteristic of developing economies because of resource constraint. Pakistan has, incidentally, been in a whirlpool of foreign debt since its emergence in 1947. It should have resolved its economic problems by now because of long distance it covered during more than sixty three years but unfortunately the situation has been aggravating with each day passed. The last two decades were, in fact, the loans carrying spans which burdened the economy beyond imagination and if the situation not checked it may endanger its sovereignty. This paper will analyze the various aspects of External Debts Liabilities in context of economic growth achieved during the period and Problems faced by Pakistan in liquidating the external debt liabilities which phenomena has been aggravating the situation persistently. To arrive at a conclusion secondary data available on official record of the Govt. of Pakistan will be preferred for analysis. The data can also be obtained from within Pakistan and also from the lending agencies if necessary.

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