Sustainable Economic Growth

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Sustainable economic growth is a important concern for every country. And to achieve this objective, following are the most powerful weapon to achieve the objective of economic growth is sustainable macroeconomic policies through both private and public investment to generate more wealth,employment,reduce inflation, increase productivity, national income , and finance public service provision (Saunweme & Mufandaedza, 2013). But Because of the low saving rate, low per capita income, and inefficient tax collection system, along with that Pakistan exports raw material and primary goods at low prices and import expensive goods that leads to current account deficit so due to all these factors there is a mismatch between the revenue and expenditure…show more content…
Pakistan added around $29 billion in its external debt since 2000, of which $3.761 billion was only included in during 2000-2007 while the other $24.9 billion was added during 2008-2015. In other words, Pakistan further has added almost seven times more debt in the past eight years in comparison with the previous eight years (see, Fig. 1 and Appendix A for…show more content…
And as a result their debt increases and it goes on accumulating. Most of the studies carried out so far in this field have failed to examine the external debt significant with the capacity of debt servicing payment to achieve the target of sustainable economic growth. This study will focus on the analysis of external debt and economic growth relationship .this study will also help the concerned researchers in related field as a reference material for future investigation because the following research will add more to existing literature on the impact of external debt on the economic growth of country. Moreover this study ,an update data would be explored and the results are expected to be insightful implications for government policy makers and other stakeholders in the ministry of finance in highlighting the various suggestions of contribution of external debt in the economic growth of countryThis study will also help its readers to realize the importance of external debt in order to boost economy in the South Asian countries. Similarly, this article indirectly convinces the government and
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