The Role of Contractual Savings in Pakistan's Economy

Author

• Ishrat Husain, Institute of Business Administration (IBA), Karachi

Was this content written or created while at IBA?

Yes

Document Type

Conference Paper

Publication Date

9-6-2011

Conference Name

Pakistan Insurance and Takaful Conference 2011

Conference Location

Karachi, Pakistan

Conference Dates

2011-09-06

First Page

1

Last Page

8

Keywords

Contractual savings, Pakistan economy, pension funds

Abstract / Description

Pakistan, in my humble view, is an ideal candidate for promoting Contractual Savings institutions. With extremely low and almost stagnant national savings rate hovering around 15 percent of GDP the investment needs of the country for higher income generation are met either by relying upon foreign savings largely in form of external borrowing or deficit financing from the banking system. However, both of these are not feasible options anymore. Debt/GDP ratio has reached the maximum of 60 percent permissible under the Fiscal Responsibility Act.

Comments

A paper presented at the Pakistan Insurance and Takaful Conference 2011, held in Karachi on September 6, 2011. IH0127

Recommended Citation

Husain, I. (2011). The Role of Contractual Savings in Pakistan's Economy., 1-8. Retrieved from https://ir.iba.edu.pk/faculty-research-series/239