economic planing in pakistan

Group Members

ALI IJAZ BC14029YARIR SALEEM

BC14119HAFIZ KHAWER BC14132ALI HAIDER BC14008HASSAN ALI BC14051HUSNAIN ARSHED

BC14042

ECONOMIC PLANNING IN PAKISTAN

ALI IJAZ (BC-14029)

THE FIRST FIVE YEAR PLAN (1955-60)

The First Five Year Plan 1955-1960 of Pakistan was prepared by the planning board in 1955. It was established in May, 1956 for eliciting public opinions. In the light of suggestion received from the private and official resources, the draft plan was revised and approved by NEC on April, 15 1957

Objective of Plan

Raise the national income Improve balance of payment Opportunities for useful

employment Steady progress Rate of development

Development Targets and Principles

Agriculture Sector Water and power Development Industry Transport and Communication Housing and Settlement Education and Training Health Labour and Employment

YASIR SALEEM (BC14119)

THE SECOND FIVE YEAR PLAN (1960-1965)

The Second Five Year plan was launched in July, 1960 and completed by June, 1965. The plan was achieved in the light of experience gained during the implementation of First Five Year Plan. Efforts are made made by planning to overcome the weakness which appeared in the First Five Year Plan.

Objectives Increase in National income Increase in Capital income Increase in Production of food grains Increase in Production of medium Increase in Job opportunities Increase in Domestic savings Increase in Foreign exchange Increase in Rate of growth Increase in Economic and social overhead

Strategy of Second Plan High priority projects Priority to projects Major trust in agriculture Increase industrial capacity Best allocation of resources Capital intensive techniques Raise domestic savings Review the plan

HAFIZ KHAWER (BC14132)

Factors which led to the success of the plan

Political Stability Incentive for investors Flow of foreign assistance Weather conditions Coronation between executive agencies

ALI HAIDER (BC14008)

THE THIRD FIVE YEAR PLAN (1965-70)

The Third Five Year Plan was formulated within the frame-work of the 20 years long term Perspective Plan .It was the first phase of the Perspective Plan 1965-85 and was prepared in the light of experience gained in the implementation of the previous plans.

Objective of the Third Plan Increase in GNP Increase in per Capital income Reduce unemployment level Strengthen the balance of payment Industries established Agriculture production Growth of population Greater facilities Distribution of income

HASSAN ALI (BC14051)

Causes for the shortfall of the Plan

Fight a war Postponement of consortium of

meeting Public sector expenditure Deficit financing Decline in foreign exchange Political uninterested Unfavorable weather condition

HUSNAIN ARSHAD (BC14O42)

FOURTH FIVE YEAR PLAN(1970-75)

The Fourth Five Years Plan, like the third Plan was prepared within the frame-work of the long term Prospective Plan 1965-85 .The size of the Fourth Plan was Rs.7,50,000 crore, out of which Rs.4,90,000 crore was allocated for development in the public section and Rs.2,600 crore in the private sector .

Objectives of the Plan Maintain tempo of development Reduce disparity in Capital income Economy self reliant Pragmatic policies Economy and social changes

Targets of the Plan(1970-75)

Reduce disparity in per Capital income Provide new jobs Increasing exports Generation capacity of power Increase number of telephone Extend T.V coverage Protect population of Pakistan Construction of luxury houses