Faculty / School

Faculty of Business Administration (FBA)

Was this content written or created while at IBA?

Yes

Document Type

Conference Paper

Publication Date

5-20-2014

Author Affiliation

Dr. Ishrat Husain is Dean and Director at Institute of Business Administration, Karachi.

Conference Name

seminar organized by the French Institute of International Relations (IFRI)

Conference Location

Paris

Conference Dates

May 20, 2014

First Page

1

Last Page

7

Keywords

Economy, Socioeconomic situation, Economic policy continuity, Foreign direct investment (FDI), Political economy of Pakistan

Abstract / Description

Pakistan is among one of the few developing countries that have achieved an average annual growth rate of 5 percent over a six decade period. Until 2007/2008, Pakistan was the third fastest growing country after China and India. But his fact remains unknown to the international community, at large. Foreign investors brought in as much as US$ 8 billion of their own money that year to invest in Telecommunication, Financial Services, Oil and Gas Sectors. Pakistan enjoyed a higher FDI/GDP ratio than its larger neighbor India, until recently. It is equally true that Pakistan has lagged behind other Asian countries and has not fully realized its potential.

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