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For the record
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Investment for 2000
Amjadullah Khan
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Democracy: In search
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Book review

Economy of Pakistan 1999-2000 Edition

Authored by: Prof. Dr. Khawaja Amjad Saeed, FCMA, FCA and Published by The Institute of Business Management, P.O.Box 1164, Lahore, Pakistan. Price Rs. 250/-, pp 701

Reviewed by: Mohammad Sadiq Khan, FCMA

Prof. Dr. Khawaja Amjad Saeed, FCMA, FCA is a well-known scholar and a prominent figure in Accountancy Profession. He is a prolific writer on the subjects of Accountancy, Taxation, Economy, Business Law and Management. He has very richly contributed in these areas and requires no introduction. He has authored many books on the diverse subjects in the context of present curricular scenarios. In addition, a large number of his articles on various economic issues have appeared in the National and International Press. He also participated in the discussions on important issues on electronic media, i.e. Radio and Television, in Pakistan.

The book under review is an updated and revised edition of "Economy of Pakistan" authored by Dr. Khawaja. Earlier edition of this book had appeared in 1995 and was well received by the readers. The author has now updated the book in the light of data published in the Pakistan Economic Survey 1998-1999, State Bank of Pakistan Annual Report 1997-98, World Development Report 1999-2000 and related material and the books is thus based on all important data relating to the Economy of our Country.

Economic events are moving faster than the pen that records those for cold print. This edition incorporates recorded economic events as are available in economic documents released at home and abroad. Readers are encouraged to update themselves with the current data and events.

The book consists of 21 chapters and is divided into three parts namely, Economic Framework, Economic Planning and Policies and Economic Manifesto for Pakistan.

The first part has nine chapters i.e. Pakistan in the World Economy and Performance during 1998-1999, Macroeconomic Framework and Performance, Agriculture Sector, Manufacturing Sector, Balance of Payments, Financial Sector, Resource Mobilization (domestic and foreign), Infrastructural Services I and II. The second part deals with Economic Planning and Policies consists of Macroeconomic Strategy, Agriculture Sector Policies, Industrial and Infrastructural Sector Policies, Commercial Policies, Monetary Policies, Fiscal Policy: Conceptual Aspects, Fiscal Policy in Pakistan, Manpower Planning, Labour Policies and Economic Packages. Part three contains a lucid discussion on suggested Economic Strategy for 1990s and Pakistan in the Third Millennium.

It is hoped that the book will benefit persons in civil and military circles, alike, as well as business community, professionals and students of commerce, economics, business and public administration, CSS and PCS, ICMAP, Chartered Accountancy, Banking and other professional and academic forces. Parliamentarians will also stand updated about the socio-economic aspects of Pakistan.

As a matter of fact, this book is a blend of concepts, policy and applications. Such a combination is rarely found in one volume. Now readers need not study different books on economics and economics of Pakistan. This book is expected to amply meet their need.

The book consisting of over seven hundred pages contains numerous tables, charts, graphs which will help the readers to understand each area of the Pakistan's Economy very easily. Such a valuable book is priced reasonably at Rs. 250/-. It is recommended not only for the above-mentioned readership, but also for the professional and general libraries.

I congratulate the author and request him to continue his job with zeal and vigour.