Historical Perspective of External Debt in Pakistan: Identifying Key Determinants / Strategies

The non-developmental use of external debt creates macroeconomic instability which results in massive unemployment, poverty, inflation, and political any country. present study is focused on historical perspective Pakistan. This found that the leadership Pakistan has heavily borrowed without considering its sustainability repayment capacity. On basis systematic literature review past studies, key policy variables are highlighted to reduce burden debt. indicated can be managed by lowering consumption oriented imports, focusing targeted exchange rate promoting sustainable inclusive economic growth. mix based efficient management macro-economic indicators helpful addressing