THE PAKISTAN DEVELOPMENT REVIEW
Balance of Payments Problems of Pakistan
This study seeks to analyse developments in Pakistan’s balance of payments during the period 1948-60. The first section attempts to give a definition of the payments problem and briefly discusses the various causes of balance of payments disequilibrium in the light of the accepted theory. Against the theoretical background thus provided, Sections II to VII review the major phases in Pakistan’s balance of payments and highlight developments. The final section summarises the main conclusion emerging from the study.