Check sibling questions

1947

Pakistan got independence from British Rule on 14 Aug 1947

Pakistan during that time was largely dependent on imports just like India

 

1950-60

Pakistan introduced following Reforms for import Substitution Based Industrialisation

Tariff Protection for Manufacturing of Consumer Goods

Increase in Public investment on Infrastructure

Green revoulution was launched to increase Agriculture Output by mechanisation

 

1970's

Nationalisation of Capital goods Industries took place

 

Late 1970-1980

Denationalisation took Place and private Sector was encouraged

Pakistan received financial support from Western Nations like USA

It also received foreign remittance from a number of Pakistani natonals to Middle East (Saudi Arab,UAE)

 

1988

Major Reforms were undertaken in

Trade Liberalisation, Export Promotion, Financial Sector Reforms

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Comparison-India vs Pakistan Development Policies

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NCERT Questions

Question 6

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

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Transcript

Important Dates - Pakistan's Development 1947 Pakistan got independence from Britishers on 14 August 1947 1950-60 Reforms introduced for Import Substantiation, Protection of Domestic Industries Public Investment in Infrastructure Green Revolution 1970 Nationalization Program Launched All major Capital goods industries came under Govt Control Late 1970-1980 Denationalization took Place and private Sector was encouraged Pakistan received financial support from Western Nations like USA Remittance received from Pakistani people working in Middle east's 1988 Major Reforms introduced in Trade Liberalization, Export Promotion, Financial Sector Reforms Independence 5 Year Plans Policy followed 1950-60 Nationalization of Capital Goods Industries Denationalization Major Reforms India 14-Aug-47 Started 1951 Import Substitution Protection of Domestic Industries Public Investment in Infrastructure Green Revolution Already under Govt (PSU) Already under Govt (PSU) (Liberalization, Globalization, Privatization) Pakistan 14-Aug-47 Started 1956 Import Substitution Protection of Domestic Industries Public Investment in Infrastructure Green Revolution 1970'S Late 1970-80 Started in 1988 Trade Liberalization, Export Promotion, Financial Sector Reforms

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 12 years and a teacher from the past 16 years. He teaches Science, Economics, Accounting and English at Teachoo