Economic Challenges of Pakistan since 1947 Essay

п»їEconomic Concerns of Pakistan since 1947

1 . The duration В of economic coordinationВ in 1947-1953

2 . The duration of organizing board 1953-1958

3. The duration ofВ powerful planning commission rate in1958-1968

four. The period ofВ decline of planning commission in 1968-1980

5. Attempt for revivalВ of preparing commission.

PERIOD OF ECONOMIC COORDINATION (1947-1953):

To begin with economic organizing development was established in1948. To be able to Act as eradicating house and also to establish monetary coordination, Colombo plan was established in 1959 as well as the main dominance was given to agriculture. Yet this plan was not implemented well at time. No aggregate targets were mentioned for our economy as a whole. There were no tries to send particular tasks to achieve total targets. The look machinery was scarcely able ofВ do itsВ job effectively.

AMOUNT OF PLANING TABLE (1953-1958):

The creation of planning board (later called as planning commission) in 1953 designated the beginning of secondВ phase of monetary planning, which will lasted till 1958. The look boardВ faced this serious troubles: a) DeficiencyВ ofВ trained staff.

b) Non-availability of precise and consistent data.

c) The indecisive state inВ government.

d) It was thought to be a foe of ministry of financing and point out bank of Pakistan. e) Political movements in the economy.

f) The annualВ planВ wasВ never followed atВ thatВ time.

g) Several advices ofВ the planning table were in many instances unseenВ by the implementing firms. h) PrioritiesВ were mistreated.

i) The budget decisions were also altered.

PERIOD OF HIGHLY EFFECTIVE PLANING COMMISSION (1958-1968):

The next phase in the evaluation of the planning procedure begin in Oct 1958, the reliance of personal sectorВ as their primary objective. The new governmentВ gave proper attention to achieve the subsequent targets:

a) Rapid industrializationВ inВ theВ country. В

b) Removal ofВ food shortage.

c) Removal of personal shakiness...



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