Reduction in interest charges by banks to 12.5% 2. Security printing, currency and mint. Background of industrial sector: Pakistan at the time of partition in 1947, had negligible industrial base. Phases of Industrial Development in India. 3. Although Nawaz had <>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> �V�=�F���]�6p�0�Q�Jm.������bc�_��,b]>!e��D�Ճ��f�� i9�7X���E������ʖ��ď�W~�o�����;-s���*r)k�(P��k+��. 06 Agriculture of Pakistan 98 07 Problems in Agriculture 99 08 Major Crops of Pakistan 99 09 Industrial Development in Pakistan 100 10 Differences between Rural and Urban Society 101 DESCRIPTIVE ANSWERS 103-108 01 Agriculture of Pakistan 103 02 Industrial Development of Pakistan 104 03 Education in Pakistan 107 08: ECONOMIC PLANNING & DEVELOPMENT (PIDC) was established. (c)    (PITAC) was established in 1956. It is historical fact that countries with strong industrial sector have showed more economic growth and development industrial sector have shows improvement in national income and promoted living standard of population. A development in one industry leads to the development and expansion of related industries. Due to low levels of domestic industrial capacity, Pakistan stands at 104 among 137 countries on economic complexity ranking in 2018. %PDF-1.5 4. recent experience of Pakistan’s economic management. March 1972. financial burden imposed on government and to reduce slack utilization of But due to shortage of foreign exchange, we cannot import such items to make rapid economic development. Importance of Industrial Sector in Pakistan or Role of Industrial Sector In economic Development Increase in National Income: Industrial sector also contributes in gross domestic product (GDP) of country According to year 2004-05 the contribution of industrial sector in GDP is 18.3 Percent. (e)   Industrial Development in Pakistan - Free download as Powerpoint Presentation (.ppt), PDF File (.pdf), Text File (.txt) or view presentation slides online. But due to shortage of foreign exchange, we cannot import such items to make rapid economic development. Pakistan industrial development corporation (PIDC) was established in 1952. One was India and the other one was Pakistan. 2. To rise from such a state surely is a great task, especiallywhen one’s borders are also insecure. endobj industrial share is 20.9% while services sector share is 57.7% of the GDP. Not a single prime minister was strong enough deletion policy was to obtain self-reliance in engineering sector. During this period, the country was newly born and politically immature. �܋̓���ne� ��-R��!�>"�r���C�� �O�C� ����J�smd��Vm�xn���7�v��I�6�Eބ�Əl�x. In Pakistan in particular, the exports of semi-manufactured and manufactured goods resulted in favorable trends. etc. Opposition to British rule began at the turn of the 20th century. PDF | On Nov 13, 2017, Sofia Anwar and others published Introduction to the Economy of Pakistan | Find, read and cite all the research you need on ResearchGate 4. 1. During the second half of this phase (i.e., 2000-2008), industries of Pakistan faced greater influence of cheaper goods imported under WTO agreements. sector and the development of agro-based industries. During the second half of this phase (i.e., import substitution. Government of Pakistan, Finance Division, Economic Advisor's Wing, Economic Survey, various issues. 3 0 obj Bhutto came into power and adopted the principles of mixed economy. The government of then West Pakistan dominated the people of this country in different sectors. Industrialization stimulates progress in other sectors of the economy. Investment: • During 1960-1965 real investment grew very rapidly, reaching a peak of 21.5% of GDP in 1964-1965 before declining rather sharply to 14.6% in 1969-1970. Section IV attempts to lay down the contours of the future direction of Pakistan’s economy based on the lessons learnt and development experience gained from in-country and cross-country record. power in Pakistan and announces a new industrial policy in 1959. In 1958, a military government of Ayub came into Siddiqa, Ayesha (2007) “The Pakistan Military: The Development of Praetorianism,1947-1977 and Milbus The Formative Years, 1954-1977” Ch.2 in militery economy, pp.58-82 So in this ways this sector increases national GDP. industrial units out of 921 industrial units in subcontinent. in later phase. The Issues Pakistan’s early industrial development in the fifties was based on import substituting industrialization under tariff barriers and an overvalued exchange rate. a) 1950s: The era of rapid industrial growth b) 1960s: The ere of industrial stabilization c) 1970s: Nationalization and its impacts d) 1980s: Russia-Afghan war and pro-industry policies of Zia adopted considerable economic policies, i.e., deletion policy, deregulation Assembly and manufacture of motor vehicles. ;��#"��a�2�����' te�� �4՞9Xm����;@W��1��@�#l7�)�(z! Economy Development of Pakistan M.ZEESHAN MUMTAZ The History of Economic Planning In Pakistan The history of economic planning in Pakistan can be divided into five distinct phases: 1- The Period of Economic Coordination (1947-53): First of all economic planning development was established in 1948, in order to act as a Industrial management ( BIM ) electric generations, gas and oil industries increased Three! 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