Q-19 = Foreign aid is unavoidable for Pakistan. Comment
IMPORTANCE OF FOREIGN AID Foreign economic assistance is very important for economic development of Pakistan. The benefits of such assistance/aid are as under: -
1. Foreign loan bridges saving gap and balance of payments gap.
2. Development requirements are met and productivity of various sectors of economy increases.
3 Establishment of modern economic and social infrastructure.
4. Aid increases employment opportunities.
5. Level of technology increases and higher quality goods are produced.
6. Emergency requirements are met such as food supply in natural disaster.
7. Defense is modernized.
8. Increase in the tax revenue
IMPORTANCE OF FOREIGN AID Foreign economic assistance is very important for economic development of Pakistan. The benefits of such assistance/aid are as under: -
1. Foreign loan bridges saving gap and balance of payments gap.
2. Development requirements are met and productivity of various sectors of economy increases.
3 Establishment of modern economic and social infrastructure.
4. Aid increases employment opportunities.
5. Level of technology increases and higher quality goods are produced.
6. Emergency requirements are met such as food supply in natural disaster.
7. Defense is modernized.
8. Increase in the tax revenue