This document outlines the evolution of Pakistan's industrial sector from 1947 to the present. It begins with an introduction to industry and its importance to Pakistan's economy, accounting for 25% of GDP. Historically, Pakistan had a negligible industrial base at partition in 1947, receiving only 34 of 955 total industries. The document then charts the growth of industry through decades from the 1940s-1970s and more recently from 2003-2011. It identifies major industries like textiles and discusses challenges like political instability, lack of capital, and new global competitors that have hindered industrial development. Currently, the industrial production sector in Pakistan decreased 3.24% in April 2016 compared to the previous year.
2. CONTENTS:
❏ Introduction to Industry
❏ The importance of industry
❏ Historical Background
❏ The evolution of industry in Pakistan through the decades, a timeline
❏ Major Industries Of Pakistan
❏ Causes Of Industrial Backwardness In Pakistan
❏ The Current Status Of The Industrial Sector In Pakistan
❏ Recommendations
❏ Sources
Introduction
8. Pakistan at the time of partition in 1947 had a negligible
industrial base. It
got only 34 industries out of total 955, while remaining were
held by India.
22. Political Instability
Lack of Capital
Limited Market
People’s Liking To Foreign
Goods
Under Utilization Of Labor's
Potential
Communication And
Transport
Energy Crisis
New Competitors
Low Foreign Investment
Granting MFN Status To India
High Interest Rate
Economic Restrictions
Lack Of Modern Technology
Technical Know How
26. 1. Government must unveil a solid industrial policy keeping in view the global
requirements.
2. In order to increase the share of the industrial sector in the GDP there is
dire need to
establish new industrial estate in the country.
3. To enhance the contribution of existing industrial estates in the economy
they should
be facilitated by the government policies.
4. Industrialists be given loans on easy installments, so as they could run
industries
smoothly.
5. New markets for the local products are explored and the quality of local
products be
improved to increase the demand abroad.
6. A coherent plan should be devised by the Pakistani government that allows
some sort