patterns & growth of pakistan industrial sector

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PATTERNS AND GROWTH OF PAKISTAN INDUSTRIAL SECTOR

By : M Zishan Hyder

Reg # 55272 2

Contents

• Economy Overview Of Pakistan• Industrial Strategies• World Bank's Involvement• Industrial Growth In Pakistan• Industrial Development In Pakistan• UNIDO• PIDC• Conclusion

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Economy

Overview Of

Pakistan• Pakistan is a country located in South

Asia at a strategic and important location at the cross-roads of South Asia, the Middle East and Central Asia

• It has 1,046 km coastline along the Arabian Sea and Gulf of Oman in the South, and is bordered by Afghanistan and Iran in the West, India in the East and China in the far northeast

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• Pakistan is the sixth most populous country in the world having population of 187 million

• The Demographic Profile of Pakistan is such that 54% of population is below 19 years of age, 27% between 20-39 years of age, 13% between 40-59 years of age and 6% are 60 years and above.

• Thus, Pakistan is relatively a young country with vibrant people.

Economy Overview Of Pakistan

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INDUSTRIAL STRATEGIES

• The industrial strategies pursued so far and the levels of efficiency and protection in the manufacturing industries are also examined.

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INDUSTRIAL STRATEGY

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• The Industrial Policy During 1950s :

• The Industrial Policy During 1960s :

• The Industrial Policy During 1970s :

• The Industrial Policy During 1980s & 1990s :

World Bank's Involvement

• The World Bank’s engagement in Pakistan is on helping identify constraints to growth, and to devise ways to remove them.

• The Bank recently published an economic report on growth and export competitiveness.

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Industrial Growth In Pakistan

• After a decade of anemic economic growth, Pakistan’s economy has grown by more than 6.5 percent per year.

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Industrial Development In Pakistan

• The Pakistan Armed Forces have established a number of organizations for running industrial & commercial enterprises.

• Pakistan met the first prerequisite between 2000 and 2007, a long stable stretch of around seven years during which industrial growth peaked to around 19 per cent in financial year 2004 to 2005.

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UNIDO

• The United States Industrial Development Organization (UNIDO) is the specialized agency of the United Nations dedicated to promoting sustainable industrial development in developing economies.

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PIDC

• Pakistan Industrial Development Corporation (PIDC) was originally established as a Central Corporation under the PIDC Act, 1950(XLV of 1950)

• Aiming to ensure efficient operations and functions, PIDC as a statutory body was dissolved under PIDC (Dissolution) Ordinance, 1984 and simultaneously incorporated as a private limited company and registered under the Companies Ordinance, 1984 with effect from 1st April, 1985. 12

• Over a period of last decades the industrial sector of Pakistan has witnessed rising patterns of growth in the industrial sector, especially in the field of Automobiles, Fiber & Plastic, Textile & Telecommunication, Lather Garments as well as Surgical instruments & Sports goods industries.

• Never-the-less despite of significant growth in the industrial sector few challenges are also being faced by this sector mainly energy & fuel crises & the shortage of skilled human resource.

Conclusion

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