Project Appraisal in Pakistan: A Review

Shamim A. Sahibzada, Mir Annice Mahmood


The less developed countries face real problems in allocating
their scarce resources to multifarious needs such as the development of
adequate physical and social infrastructure and for investment in the
primary and secondary sectors. Thus, the role of the government in the
developmental process in these countries should be to control investment
in the public and private sectors with a view to maximizing both
national income and social welfare. For this, it is imperative that only
such projects arc selected as contribute most to the achievement of
these objectives. This necessitates sound planning.

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