industrial development in pakistan

Brief introduction to industrial development in Pakistan: since the Industrial Revolution, industrial development has always been considered a necessary condition for a country to develop rapidly.
Countries that rely solely on agriculture are still poor and underdeveloped, and countries that prioritize rapid industrial growth have achieved rapid development.
The United States, Germany, the United Kingdom, Japan, Russia and other advanced countries in the world have encouraged large-scale industrial development.
The advantages of technological change are transformed into agriculture.
They have developed industry, which has also brought about a mechanized revolution in the agricultural sector.
Their national income has increased.
Their balance of payments has improved a lot.
Employment has increased.
Countries have achieved balanced growth in all sectors of the economy.
When divided in 1947, Pakistan had a negligible industrial base.
Since the division of the subcontinent, the Pakistani government has been using all available domestic and foreign resources to promote the rapid development of manufacturing.
Pakistan now has a fairly diverse base in manufacturing from basic consumer goods to chemicals, steel, heavy engineering and the lean meat and tools industry.
Production of refined sugar steel, fertilizer, cement and other projects in China.
Helped with import substitution and saved a lot of foreign exchange.
The current growth of the industrial sector in Pakistan this paper will look at the performance of industrial growth/productivity in the following time periods: 1.
Growth in the industrial sector from 1947 to 1950. 2.
Industrial growth in 1950. 3.
The performance of the industrial sector in the 1960 s. 4.
The performance of the industrial sector in the 1970 s. 5.
Performance in the industrial sector since July 1977. 1.
Growth in the industrial sector from 1947 to 1950: Western Pakistan was established in 1947.
It covers a large part of agriculture, forests and animal products.
Former East Pakistan is the main producer and supplier of jute.
However, in previous cotton production in East Pakistan, there was not a jute plant, but there were no large factories in the area for processing and manufacturing.
Instead, the factories are located in parts of India.
Pakistan has no steel industry, and India has a good industrial base when it is independent.
Of the 921 industrial units operating in British India, Pakistan has only 34 industrial units. e.
4% of the total industry in the subcontinent.
The rest are in India.
The industrial share in Pakistan is relatively small, based on local raw materials.
These industries include small sugar mills, ginning mills, flour mills, Rice peeling Mills, and Cannery.
Aware of the importance of industrialism for rapid growth and development, the Pakistani government held an industrial conference in December 1947.
The industrial conference recommended the establishment of industries using locally produced raw materials such as jute, cotton, leather and fur.
In order to expand production, private enterprises are encouraged to establish industries that do not include the manufacture of weapons and equipment.
Infrastructure for heavy industry will also be developed.
The Development Committee was established in 1984 to help implement these steps.
In 1948, industrial finance companies and industrial investment credit companies were also established.
Between 1947 and 1950, private entrepreneurs invested heavily
Profitable industry.
The contribution of the industrial sector is 6.
9% of GDP in 1950. 2.
Growth in the industrial sector in the 1950 s.
Technical knowledge due to lack of funds
How to start a business. etc.
The private sector is shy about investing in heavy industry.
The government has set up the Pakistan Industrial Development Corporation (PIDC)
In 1952, investing in industries that require a lot of initial investment, a long pregnancy cycle, and a high level of understandinghow.
The main investments of PIDC include paper and cardboard, cement fertilizer, jute plant, shipyard and Sui Karachi gas pipeline.
From 1971 to June, the director has completed the creation of a basic self in 59 industrial units.
Sustained growth in the industrial sector.
Industrial nationalisation hit PIDC hard in 1972.
Under the honor of the President
The government handed over major projects to new companies in 1974.
PIDC is now declining in size and status.
It runs almost 12 projects and faces huge fiscal tightening.
First year plan 195560, the sum of Rs. 185.
11 crore was allocated for growth in the industrial sector.
A large number of emerging industries such as wool spinning, fine spinning wool yarn, circulating cheese, paint, varnish and glass have been established.
The production capacity of existing units such as fertilizers, jute, paper and DDT has been greatly expanded.
The reduction in export tariffs and the implementation of export bonus schemes in 1958 increased exports of manufactured goods. There was all-
Comprehensive development of agricultural processing, food, textile and other industries.
The industrial sector accounts for 9 of GDP.
1954 7%-55 to 11.
1959 9%-60. 3.
The performance of the industrial sector in the 1960 s.
The period from 1960 to 1970 includes two planned periods and the second five planned periodsYear Plan 1960-
65 and the third five-Year Plan 1965-70.
In the second five.
Annual Plan, allocation of Rs. 513 crore, 22.
2% of the total expenditure was devoted to the growth of the industrial sector.
This incentive promotes a better investment environment and better cooperation.
Coordination between PIDC, PICIC and other executive agencies, and above all political stability.
This has led to the expansion of the industrial base.
This country has realized itself.
Expand the industrial base and improve efficiency.
The establishment of the consumer goods industry has changed to heavy industry, such as machine tools and oil industry.
Chemical, electrical complex and steel.
In short, industrial performance increased in the second five years in terms of growth, exports and productivity
Year plan period.
The proportion of the industrial sector to GDP rose to 11.
8% from 1960 to 1965.
In the Third Five
From 1965 to 1970, total development expenditure was Rs. 233. 11 crore (
Target for Rs1277. 0 crore)
It is for the growth of the manufacturing industry.
The plan encountered difficulties as soon as it was launched and only partially succeeded.
The United States has also declined. S. A aid.
Flooding, years of drought and political unrest have slowed the pace of development in all sectors of the economy.
The growth rate of manufacturing industry may reach 7.
8% and plan target 10%. 4.
The performance of the industrial sector since the 1970 s.
From 1971 to 1977, the performance of industry in terms of growth, exports and production was disappointing.
There are various reasons for poor manufacturing performance.
One wing of the country (East Pakistan)
Separated by force
India had to fight a war with India in 1970.
Suspension of foreign aid and loss of local market (East Pakistan)
Decline in exports, 131% devaluation, industrial nationalisation, labor unrest, unfavorable investment environment, floods, a decline in world trade, and a reduction in investment incentives.
This has led to a decline in output from large-scale industries.
Annual growth rate fell to 2.
The industrial sector accounted for 8% per cent during this period.
From July of 1977 to 1980 government start the large number of economic correction measures.
Ginning, Rice peeling and grinding powder were canceled.
Private sector investment in large industries is encouraged.
The investment environment in this country is gradually being established.
The annual growth rate of manufacturing is 8.
2% in 1980
Large-scale manufacturing growth slowed to an average of 4.
7% in the first half and further 2.
5% in the second half of 1990.
The share of the industrial sector is 18.
2% of GDP in 200304.
But it fell to 15.
6% of GDP in 2004-05.
Monetary policy, financial discipline, consistency and continuity of development policies, increased domestic demand, and continuous improvement of the macroeconomic environment are the main factors driving rapid economic growth, as a result of trade liberalization in 2005, the global market is expanding at a steady pace.
Overall manufacturing growth was 9.
2005 9%-06 and 8.
2006 45%-07.
The decline in manufacturing growth is due to a variety of reasons, such as reduced cotton production, sugar shortages, steel problems and global oil prices.