MENU
Question -

Describe the path of developmental initiatives taken by Pakistan for its economic development.



Answer -

The developmental initiatives taken by Pakistan were:

  1.  In the late 1950s and 1960s, Pakistan introduced a variety of regulated policy framework (for import substitution industrialisation). The policy combined tariff protection for manufacturing of consumer goods together with direct import controls on competing imports.
  2.  The introduction of Green Revolutioned led to mechanisation of agriculture. It finally led to a rise in the production of foodgrains. This changed the agrarian structure dramatically.
  3.  In the 1970s, nationalisation of capital good industries took place.
  4. In 1988, structural reforms were introduced. The thrust areas were denationalisation and en¬couragement to private sector.
  5.  Pakistan received financial support from western nations and remittances from emigrants to the Middle East. It helped in raising economic growth of the country.

Comment(S)

Show all Coment

Leave a Comment

Free - Previous Years Question Papers
Any questions? Ask us!
×