This research work is focused on the damage caused to the economic growth by misappropriation in ... more This research work is focused on the damage caused to the economic growth by misappropriation in trade invoices. Pakistan's trade activities with the US and China are discussed. China is the major trading partner of Pakistan so the trade statistics with China are focused and are empirically tested and represented. The research results show that illegal trade practices are prevailing in Pakistan which is adversely affecting the economy of Pakistan. The trade record of past few years show that an amount of more than 1,500 million US dollars is under invoiced between Pakistan-China trade each year which critically affects the Current Account and Economic Growth of Pakistan. Over and under invoicing also cause an increase in unemployment and inflation. The research found that capital flight in huge volume is taking place in the form of over and under invoicing.
This research work is focused on the damage caused to the economic growth by misappropriation in ... more This research work is focused on the damage caused to the economic growth by misappropriation in trade invoices. Pakistan's trade activities with the US and China are discussed. China is the major trading partner of Pakistan so the trade statistics with China are focused and are empirically tested and represented. The research results show that illegal trade practices are prevailing in Pakistan which is adversely affecting the economy of Pakistan. The trade record of past few years show that an amount of more than 1,500 million US dollars is under invoiced between Pakistan-China trade each year which critically affects the Current Account and Economic Growth of Pakistan. Over and under invoicing also cause an increase in unemployment and inflation. The research found that capital flight in huge volume is taking place in the form of over and under invoicing.
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Papers by Muhammad Ali