ECONOMY STRUCTURE OF PAKISTAN (1961-1980)

INITIAL DECADES 1960’S

Ayub Khan (27 October 1958 - 25 March 1969 )

First Martial law (1958-1971).

Golden area for Pakistan Economy.

Pakistan Achieved Highest growth rate

in this period ( 5.82%)

Export increase by 10%.

Tax decrease by 10% of GDP.

INITIAL DECADES 1960’S

Tarbela Dam is the largest

earth filled dam in the world,

was constructed in 1968.

Quaid-i-Azam University was

constructed in 1967.

Industrial assets 66% and

Banking 87%.

NATIONALIZATION AND COMMAND ECONOMY 1970’S

Pakistan Achieved Highest economy avg. of 6.8% per annum.

Pakistan Steel Mills was constructed in 1973, making it thelargest industrial mega-corporation having a productioncapacity of 5.0 million tone's of steel.

Two wars with India;1. Kashmir War in 1965 and ,

2. Bangladesh Liberation War in 1971.

NATIONALIZATION AND COMMAND ECONOMY 1970’S

Prime Minister Zulfikar Ali Bhutto (14 August 1973 – 5 July1977)

4th President of Pakistan.

The total GDP per capita stood

between 8.4% (in the 1970s) periods

of nationalization.

Bhutto also established the Port

Qasim and Pakistan Steel Mills.

ERA OF PRIVATIZATION 1980’S

GDP Growth Rate↓ 4.88%.

Inflation Rate↑ 10.39%.

Industrial growth rose to a peak

of US $3 billion.

Global black market (narcotic

trade-illegal drugs)↑ world GDP

of 21.6 billion to 36 trillion in the

same year’s.

DRAWBACK OF ECONOMIC STRUCTURE OF PAKISTAN (1961-1980)

Agriculture rate is decreased by 25% of Pakistan's total landarea.

Agriculture decrease by 23% of GDP and employs about 44%of the labor force.

Agricultural area reduced by 5.7% of its original land (1973).

DRAWBACK OF ECONOMIC STRUCTURE OF PAKISTAN (1961-1980)

Mining rate of coal is decreased by 2 Billion to 1.2 Billion.

Copper and Gold rate is decreased by $5,000 per ton to $600per ton.

Marble Production is decreased by 42.1% to 28%.

Fuel Rate is decreased by 45 ton's to 34 ton's.