Import Licensing and Import Liberalization in Pakistan

Philip Thomas
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Philip Thomas: Kalamazoo College, Kalamazoo, Michigan, U.S.A

The Pakistan Development Review, 1966, vol. 6, issue 4, 500-544

Abstract: Import policy has played a particularly important role in Pakistan's economic planning. The amount and allocation of imported machinery and raw materials have directly affected the nature and pace of both industrial and agricultural development. The composition of imports has had a very significant effect on internal relative prices, which, in tum, essentially determine the allocation ofinvestment in the private sector. Finally, imports have provided both the government (in the form of tariffs) and the private sector (in the form of profits) access to potential savings, which to a large extent have been converted into investment during the last decade. While import policy should not be viewed completely in isolation, it is sufficiently important to merit careful and intensive study

Date: 1966
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