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Article: Factors inhibiting foreign investment in Pakistan.
- Article from:
- Economic Review
- Article date:
- October 1, 1990
- Author:
CopyrightCOPYRIGHT 1990 Economic and Industrial Publications. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Factors Inhibiting Foreign Investment in Pakistan
Like other developing countries, Pakistan inherited a pre-dominantly rural economy with little industrial activities on the eve of independence. As a result, recourse to inflow of foreign investment was inevitable. The industrial policies of 1948, 1959 and 1984 highlighted the role of foreign investment and the Government encouraged this inflow with various concessions and facilities. The objectives of industrial policies pursued from time to time were expansion in industrial production, export and employment, training of technical personnel and ultimately the improvement of standard of living of the people. ...