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FOREIGN DEBT AND DEBT SERVICING RELIEF EFFECT IMPLICATIONS IN PAKISTAN A POVERTY REDUCTION STRATEGY

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03 Pages : 23-34

http://dx.doi.org/10.31703/ger.2019(IV-IV).03      10.31703/ger.2019(IV-IV).03      Published : Dec 2019

Foreign Debt and Debt Servicing Relief Effect Implications in Pakistan: A Poverty Reduction Strategy

Abstract

    The study interrogates the critical thresh hold limit of the external debt where the highly indebted economy becomes hanged and stagnant, pushes the economy towards. deeper poverty even below the poverty line. The other horizon aspect of relief in debt servicing is attributed to American and Russian war of 80s and war on the terror against Afghanistan after 9/11 forced the debt issuing agencies like Paris and Non-Paris Club and other lending aliened countries rescheduled and cut down debt servicing of Pakistan. This study examined the foreign debt effect on poverty by assuming dataset over the period from 1984 to 2017. The ARDL to co integration Approach was applied to get the findings that after debt thresh hold limit and debt overhang point, the foreign debt causes poverty in case of Pakistan. The other dimension if relief in debt servicing is provided this economic action depressed poverty.

    ARDL Approach Poverty Reduction; External debt; Relief in Debt Servicing; FDI; Pakistan.

    (1) Muhammad Shahid
    Head of Department Economics, Govt. Post Graduate College Bhakkar, Punjab, Pakistan.
    (2) Mahmood Shah
    Professor, Chairman Department of Economics, Gomal University D.I Khan, KP, Pakistan.
    (3) Bibi Aisha Sadiqa
    Assistant Professor, Department of Economics, Hazara University, Mansehra, KP, Pakistan.
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Cite this article

APA

    APA : Shahid, M., Shah, M., & Sadiqa, B. A. (2019). Foreign Debt and Debt Servicing Relief Effect Implications in Pakistan: A Poverty Reduction Strategy. Global Economics Review, IV(IV), 23-34. https://doi.org/10.31703/ger.2019(IV-IV).03

CHICAGO

    CHICAGO : Shahid, Muhammad, Mahmood Shah, and Bibi Aisha Sadiqa. 2019. "Foreign Debt and Debt Servicing Relief Effect Implications in Pakistan: A Poverty Reduction Strategy." Global Economics Review, IV (IV): 23-34 doi: 10.31703/ger.2019(IV-IV).03

HARVARD

    HARVARD : SHAHID, M., SHAH, M. & SADIQA, B. A. 2019. Foreign Debt and Debt Servicing Relief Effect Implications in Pakistan: A Poverty Reduction Strategy. Global Economics Review, IV, 23-34.

MHRA

    MHRA : Shahid, Muhammad, Mahmood Shah, and Bibi Aisha Sadiqa. 2019. "Foreign Debt and Debt Servicing Relief Effect Implications in Pakistan: A Poverty Reduction Strategy." Global Economics Review, IV: 23-34

MLA

    MLA : Shahid, Muhammad, Mahmood Shah, and Bibi Aisha Sadiqa. "Foreign Debt and Debt Servicing Relief Effect Implications in Pakistan: A Poverty Reduction Strategy." Global Economics Review, IV.IV (2019): 23-34 Print.

OXFORD

    OXFORD : Shahid, Muhammad, Shah, Mahmood, and Sadiqa, Bibi Aisha (2019), "Foreign Debt and Debt Servicing Relief Effect Implications in Pakistan: A Poverty Reduction Strategy", Global Economics Review, IV (IV), 23-34

TURABIAN

    TURABIAN : Shahid, Muhammad, Mahmood Shah, and Bibi Aisha Sadiqa. "Foreign Debt and Debt Servicing Relief Effect Implications in Pakistan: A Poverty Reduction Strategy." Global Economics Review IV, no. IV (2019): 23-34. https://doi.org/10.31703/ger.2019(IV-IV).03