This document summarizes Pakistan's economic development and decision making between 1947 to 1958. It discusses military pacts Pakistan engaged in, major economic developments including rapid expansion but no increase in per capita income, and key economic decisions around not devaluing currency and dealing with food shortages. It also analyzes Pakistan's establishment of merchant capital, period of high industry growth, and shift toward agriculture.

1. Presented By:
Mr. Abbas Ali

2.  Introduction
 Problems in Decision Making
 Military Pact
 Parts of Chapter (2)
 Sub Period
 Short term Management & Development
Strategies

3.  Main Characteristics (35 Yrs)
 Economic Decision taken (2Decades)
 Time period August 1947 to October 1958

4.  Flow of refugees
 No to devalue the currency
 Korean war (Mid 1950 to Early 1952)
 World’s Raw Material Prices

5.  SEATO
South East Asian Treaty Corporation
Pakistan, USA, UK, Thailand, Philippine etc
 CENTO
Central Treaty Organization
Pakistan, Iraq, Turkey, UK

6.  Major economic Developments
 Rapid Expansion
 Dominant sector
 No increase per capita
 Achievements
 Key Economic Decision Analysis
 No Devaluation
 Food grain Shortages and flood
 Pricing, black marketing, smugglings etc
 The devalue decisions

7.  Est. of merchant capital
 Period of high industry growth
 Slow down and contradiction
 Shift towards agriculture too little too late

8.  The refugees problem
 Increase in defense expenditure
 Priority to industrialization
 Imports control