(DOWNLOAD) "Capital Flight: To and from Pakistan" by Hilal # Book PDF Kindle ePub Free
eBook details
- Title: Capital Flight: To and from Pakistan
- Author : Hilal
- Release Date : January 31, 2011
- Genre: Reference,Books,
- Pages : * pages
- Size : 44 KB
Description
Byline: Dr Zafar Mahmood - Email: zafarmah@gmail.com Capital flight from Pakistan has always received attention from policy-makers and concerned citizens. The worries come from the "paradoxical" nature of capital outflows; that is, the private citizens hold large sums of foreign assets overseas while the country is facing a crisis like situation due to the heavy burden of foreign debt. Given insufficient level of foreign exchange reserves in the country, illicit capital outflow is a cause for serious concern for the country. Evidence of the capital flight (officially unrecorded private capital outflow) from the country often induces foreign donors, in return for their support for foreign debt reduction policies, to impose harsh conditionalities for repatriation of the private capital held by its citizens abroad.
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