January 27, 2021

industrial sector of pakistan essay

Credit is to Industry what air is to life. This phase witnessed the massive industrial growth in the country. The share of the industrial sector was as low as 7.7 percent of gross domestic production 1949-50. Pakistan in one of the leading manufacturer and exporter of textile industry. P.I.D.C. Industrial Sector in Pakistan. Changing regulations have always haunted manufacturers. The industrial, Production growth rate during the year 2005 remained 6%. It is an educational blog and intended to serve as complete and self-contained work on essays, paragraph, speeches, articles, history, letters, stories, quotes. Industrial Backwardness At the time of partition Pakistan got only 34 units out of 928 registered units. Industrial sector of Pakistan is suffering from various structural problems resulting in slow growth rate of output and export, low level of investment, high concentration of the industries, allocative, technical and poor quality of products, low level of Research and Development (R&D) activities resulting into slow growth rates of productivity making the Pakistani products uncompetitive in … Find answers and explanations to over 1.2 million textbook exercises. However, Pakistan will have to harmonize its economy with India’s; otherwise Pakistan will be the loser. The large-scale manufacturing sector of Pakistan included a handful of industrial units such as textiles, cement, sugar, tea blending and … This page provides the latest reported value for - Pakistan Industrial … Since Pakistan came into existence, the contribution of the agricultural sector to the GDP has declined gradually from over 50 percent in 1949-1950 to about 22 percent in the Fiscal Year (FY) 2009-10 (July 2009-June 2010). Introduction: Industrial Sector is the second largest individual sector of the economy accounting for 24% The people are still to reap the advantages of industrial progress. Impact on Business sector: Due to high inflation rate central bank, State Bank of Pakistan has to raise its bench mark to 14% means tight monetary policy since last 2 years. So in this ways this sector increases national GDP. It has many sub-sectors like transpor tation, Now more importance is being attached to the private sector. There were only some simple industries such as one cement factory, flour and rice mills, ginning factories, food industry, etc. The IT industry of Pakistan has immense potential. Increase in National Income: Industrial sector also contributes in gross domestic product (GDP) of country According to year 2004-05 the contribution of industrial sector in GDP is 18.3 Percent. Importance of Industrial Sector in Pakistan or Role of Industrial Sector In economic Development. Cotton and cotton-based products account for 61% of export earnings of Pakistan. There were only some simple industries such as one cement factory, flour and rice mills, ginning factories, food industry, etc. However, BPO sector needs facilitation in areas such as licensing, whereas PTA’s licensing procedures are very rigid and prolonged. sector have shown improvement in national income and promoted living standard of population. had completed 62 industrial projects by 1973 at a capital cost of Rs. The enemies of Pakistan predicated early collapse due to the poor economic base, general poverty, and ignorance. veterans' day animal right critical autobiographical declaration of independence the principle of population the fountainhead compare and contrast home summary and response cyber-bullying success peer pressure values commentary. At the time of partition in 1947, Pakistan was inherited highly discouraging industrial assets. Services sector of Pakistan economy is quite a large sector as it co ntributes to the extent of 58% in the GDP. According to Global Terrorism Index (2016), out of 163 countries, Pakistan … However, there is a need for significant development and promotion in order to compete with other developing countries. The government of Pakistan since 1947 is trying hard to develop industries and infrastructure facilities for the growth of industrial sector, yet it has not achieved success to the desired extent. Free Essay: Overview of Pakistan’s Economy Pakistan was a very poor and predominantly agricultural country when it gained independence in 1947. Armament Industry We are preparing Rifles, Machine Guns, Mortars and other small weapons. Industries are the backbone of the national economy. It is historical fact that, countries with strong industrial sector have showed more economic growth and development industrial. The requisite technical skills and basic infrastructural facilities were limited. In the light of this problem, the Government of Pakistan established PIDC1 (Pakistan Industrial Development Corporation) in … Increase in National Income: Industrial sector also contributes in gross domestic product (GDP) of country According to year 2004-05 the contribution of industrial sector in GDP is 18.3 Percent. Pakistan is self dependent in these arms and is also exporting to other Muslim countries. The government set up special credit institutions to prop the industrial requirements. Your email address will not be published. Above all, Fiscal and Monetary policies were geared up to boost up industrial development. Textile sector of Pakistan is the 8th largest exporter in Asia of textile products. Only the rich can enjoy the blessings of the new phase. MBA (IRM) students Presentation on Industrial Sector Pakistan. ACRONYMS 67 DEDICATED TO ALL THE SINCERE AND SILENT INDUSTRIAL WORKERS OF PAKISTAN. Agriculture is also the major source of provision of raw martial to industrial sector of Pakistan. BPO in Pakistan can also take advantage of the 18 million Pakistanis (11 percent of the population) that have a command over the English language. in 1950 was an important milestone in this direction. Industry Industries in pakistan (24.3% inGDP) Role of industries in the economyof Pakistan Problems to Industries in pakistan Solution of the problems 2. Essay Outline_ Industrial Sector of Pakistan (Situation, Issues and Solutions).pdf - Essay Outline Industrial Sector of Pakistan(Situation Issues and, Essay Outline: Industrial Sector of Pakistan (Situation, Issues and, Industrial Sector is the second largest individual sector of the economy accounting for 24% of the GDP. In fact, any industry that has components sourced from China, or requires sponsors of Asian origin, will have difficulty in the upcoming period. Technology, including the IT industry, in Pakistan has enormous potential for growth. Essay On Industrial Sector Of Pakistan, masters dissertation front cover, how to write the epic of gilgamesh in essay format, business plan energy company. 4th JWT Essay Competition ; Home / Archives / 2018 / October 2018 / Industrial Sector in Pakistan. But, they’re there for a good reason. This industrial policy emphasis on private sector and the development of agro-based industries. Agriculture is the major source of food of huge population of Pakistan. A company you can trust The importance of quality essay writers. Issues regarding absence of payment gateways, research and development, delay in roll out of 3G technology, licensing and education have created difficulties as well as limited the growth of the Pakistani IT industry. Try our expert-verified textbook solutions with step-by-step explanations. are Machine Tool Factory at Landhi, Heavy Mechanical Complex at Taxila, Karachi Shipyard and several fertilizer factories. When Pakistan came into being, there were very few industries worth mentioning. Only equitable distribution, of wealth and opportunities, can bring happiness to the people, Economics progress without social justice is a mockery of democracy. According to Global Terrorism Index (2016), out of 163 countries, Pakistan … Its contribution towards GDP is about 25% which is higher than contribution of any other sector. Chemical Industries In Pakistan the industries of soda ash, colour, caustic soda, sulphuric acid, insecticides and pharmacy medicines have done much progress. More often than not, they’re a burden and thank… An email was just sent to confirm your subscription. Services sector of Pakistan economy is quite a large sector as it co ntributes to the extent of 58% in the GDP. Enter your email address to subscribe to this blog and receive notifications of new posts by email. Subsequently, the industries were regrouped into ten corporations under the supervision of BIM. This preview shows page 1 - 2 out of 3 pages. Importance of Industrial Sector for a Country: Industrial Sector is of great importance for economic development of country. It was the only public sector involved in manufacturing. During this intial period, private sector of Pakistan was lacking not only in capital but also in experience and thereby it couldn’t play its role that can be mentioned. The setting up of P.I.D.C. It’s almost always a direct result of overcoming the challenges that threaten the existence of the sector. Large scale manufacturing growth rate is, Most of the present economic problems in Pakistan are ultimately linked to the slow pace of industrial, development. Rapid industrialization is considered by the economic exports as the sovereign remedy to, Importance of Industrial Sector in Pakistan or Role of Industrial Sector In economic Development. Following are the main points of importance of agriculture for … Anyhow, the investors put their shoulders to the wheels and within short time industrial sector become the second important sector after agriculture. Please find the email and click 'Confirm Follow' to start subscribing. Being students of a reputable institution "Hailey College of Banking & Finance Punjab University"" we are thankful to our Professor Farah Naz Naqvi who sparkled our presentation skills and taught us to visualize the practical picture of the Economy. Pakistan Industrial Credit and Investment Corporation (PICIC) and the Industrial Development Bank of Pakistan (IDBP) in 1957 and 1961 respectively, are the major credit bodies. CONCLUSION 64 9. Industrialization and mechanization go hand in hand. The areas comparing Pakistan inherited a very poor industrial economy. Search Soon the industrial sector grew by leaps and bounds after the entry of the private sector in the field. to. 2. The major projects completed by P.I.D.C. Solutions) Downloaded from www.csstimes.pk | 1. Both the progress and prosperity of a country depend on industrial development. Educational and economic progress are concomitant variations. Required fields are marked *. Industrial Production in Pakistan increased 14.37 percent in November of 2020 over the same month in the previous year. Government of Pakistan, Finance Division, Economic Advisor's Wing, Economic Survey, various issues. Cotton textile production and apparel manufacturing are Pakistan's largest industries, accounting for about 65% of the merchandise exports and almost 40% of the employed labour force. Industry overview 2 2.1 Current Status of Pulp and Paper Industry in Pakistan 3 2.2 Types of papers produced 4 2.3 Method of Producing Paper 4 2.4 Raw Material Availability 5 3. Additionally, Pakistan’s major industries - cement, textile and sugar - have continued to under-perform. Top Tag’s. The curse of Inflation has deprived the common men of fruits of industrial progress. The industrialized nations of the world are also strong economically and politically. 5-Challenges-of-Industrial-and-Manufacturing-Sector The industrial and manufacturing sector keep evolving and that evolution doesn’t just happen. small-scale. Essay Outline: Industrial Sector of Pakistan (Situation, Issues and. Without compliance standards, manufacturers could very well end up cutting corners, which ultimately ends up affecting the end consumer. The activity in the manufacturing sector is comprised of large, medium and. Pakistan’s industrial sector is also facing socio-political issues like marginalization of women, corruption, political instability, terrorism and nepotism, and lack of budgetary allocation for research and development. Pakistan`s major part of economy is based on textile industry, including 65% of export role … So, for the sake of things such as quality control or proper waste management, compliance standards need to exist. 1. The IT industry of Pakistan has immense potential. “industry refers to that sector of economy which isrelated with manufacturing and production ofproducts. The, activity in the manufacturing sector is comprised of large, medium and small-scale. Course Hero is not sponsored or endorsed by any college or university. They include tax concessions and holidays, lower duty on imports of raw materials and machinery, and liberal loan facilities. It has many sub-sectors like transpor tation, Words. The gap between ‘Haves’ and Have-nots has become wider. Essay Outline: Industrial Sector of Pakistan (Situation, Issues and Solutions) Downloaded from | 1 1. and Z. Alvi, 1975, Effect of 1972 devaluation on Pakistan's balance of trade, Pakistan Development Review. Pakistan Major Business Sectors. In the last over three decades, the contribution of industrial sector to GDP is only 18.5% which by any standard is not satisfactory. Indian rupee to dollar parity, for example, is Rs47.65 against Pakistan’s Rs57.88. The state of any country’s economic growth and development generally heavily relies on the strength of its infrastructure, whether that is in its energy, telecommunications, water and sanitation, transport or education sector.. After the 1947 partition of British India, the development of infrastructure in Pakistan grew and has made steady progress in the last five … In 1958, a military government of Ayub came into power in Pakistan and announces a new industrial policy in 1959. 3. The industrial sector has seen some ups and downs since 1972 according to the government policies of the time. In order to be self-supporting in ‘tech’ manpower, many engineering universities, colleges and polytechnic institutions were established all over the country. Pakistan’s economic crisis cannot be resolved overnight. ENDNOTES 66 10. 242.6 million. It not only earns foreign exchange put also encourages savings and investment. Another encouraging step was the setting up of nonfinancial institutions like Small Industrial Corporations Investment Advisory Centre of Pakistan (IAGP), Pakistan Industrial and Technical Assistance center (PITAC), Pakistan Standard Institute (PSI) Central Testing Labs (GTL) and Patents and Design Department, etc. Its contribution towards GDP is about 25% which is higher than contribution of any other sector. 1. Kemal, A.R. A company you can trust The importance of quality essay writers. The activity in the manufacturing sector is comprised of large, medium and small-scale. It established industries in backward areas, created employment opportunities and reduced regional disparities. Your email address will not be published. Last updated on Thursday, May 30th, 2019 -, Industrial Progress in Pakistan English Essay. By June 1972, it had established 60 industrial projects. So the government paid special attention to scientific and technical education and industrial development from the very beginning. The present phase of privatization is an important step in the direction. Agriculture is also the major source of provision of raw martial to industrial sector of Pakistan. In fact, the two are indispensable for civilization. So in this ways this sector increases national GDP. COMSATS Institute of Information Technology, Islamabad, Assignment # 3(project) Reg No# 099,070,093,080,Fall 18.docx, COMSATS Institute of Information Technology, Abbottabad, Pakistan Institute of Engineering & Applied Sciences, Islamabad, Problems and solutions of industrial sector.docx, Arab Academy for Science, Technology & Maritime Transport, Egypt_National_Industrial_Development_Strategy_EN, COMSATS Institute of Information Technology, Islamabad • HUM 111, COMSATS Institute of Information Technology, Abbottabad • PSYCHOLOGY PSY301, Pakistan Institute of Engineering & Applied Sciences, Islamabad • SP 19, Arab Academy for Science, Technology & Maritime Transport • EA 421, COMSATS Institute Of Information Technology, current-social-economic-and-political-challenges-related-to-industrial-sector-of-pakistan-since-part, Essay Outline_ Industrial Sector of Pakistan (Situation, Issues and Solutions).pdf, unskilled workforce, a challenge or pakistan industries.docx, COMSATS Institute Of Information Technology • FA 18, Karachi School for Business & Leadership • ECONOMIC 21, Dominican University of California • MKT BUS3012.1, COMSATS Institute of Information Technology, Islamabad • MANAGEMENT MTG101. Subsequently Small Business Equity Ltd. boosted up the smaller units. Essay Outline: Industrial Sector of Pakistan (Situation, Issues and Solutions) Downloaded from www.csstimes.pk | 1 1. However, complying with new standards isn’t an easy task for manufacturers. Introduction: Industrial Sector is the second largest individual sector of the economy accounting for 24%. The general standard of living is very low compared to other countries. They also enjoy a high standard of living. Following are the main points of importance of agriculture for Pakistan economy. Industrial peace is very essential for the development of industries and the promotion of exports and imports. The large-scale manufacturing sector of Pakistan included a handful of industrial units such as textiles, cement, sugar, tea blending and … The areas comparing Pakistan inherited a very poor industrial economy. Introduction: Industrial Sector is the second largest individual sector of the economy accounting for 24% of the GDP. Home / Essays / Industrial Progress in Pakistan English Essay. Pakistan industrial development corporation (PIDC) was established in 1952. Essay On Industrial Sector Of Pakistan, masters dissertation front cover, how to write the epic of gilgamesh in essay format, business plan energy company. Importance of Industrial Sector in Pakistan or Role of Industrial Sector In economic Development. Despite rising deficits, Pakistan’s tax revenue was only 13 percent of its GDP in … INTRODUCTION: No economy can even dream for economic prosperity without developing its industrial sector. IMG Consultants, 1988, Industrial efficiency improvement and development strat- egy, Prepared for Government of Pakistan, Pakistan. The report claims that supply chains for industrial manufacturing, auto assembly and parts, food equipment, steel and chemicals are all susceptible to some form of delay or disruption. Pakistan - Industry. The government of Pakistan since 1947 is trying hard to develop industries and infrastructure facilities for the growth of industrial sector, yet it has not achieved success to the desired extent. The share of industrial sector was around 25% in the GDP in early 2000 and has declined to around 20.50% which has become too low considering the level of economic development of Pakistan. This would result in high interest rates and high cost of doing business which is already very high in region and disappointing the investors. Pakistan is on the brink and there is a tight rope in front of a weak economy. The country has made tremendous progress in major industries during the last four decades. 3. Pakistan's industrial sector accounts for about 64% of GDP. Notify me of follow-up comments by email. Much has been done and achieved through trade pacts and agreements. Industrial Production in Pakistan averaged 4.57 percent from 1990 until 2020, reaching an all time high of 35.15 percent in April of 1991 and a record low of -42.03 percent in April of 2020. of the GDP. The requisite technical skills and basic infrastructural facilities were limited. OVERVIEW AND TRENDS Pakistans economy has been predominantly agrarian. The cement industry on the whole, has been incurring losses year after year. Trade makes a nation. ... of the latter was 30% of the total in mid sixties and continues to be approximately 25% of the manufacturing sector. industry of pakistan Essay Examples. Cotton textiles, cement, fertilizers, sugar, jute, food products, and sports goods are the major industries. The State Bank of Pakistan report (2016) says that war on terrorism has cost $118 billion. The State Bank of Pakistan report (2016) says that war on terrorism has cost $118 billion. Current status of Trade and Potential of Pak- Brazil Trade Cooperation in this sector 7 3.1 Potential of Export to Pakistan 8 4. The industrial Production growth rate during the year 2005 remained … Large government investments in the 1970s established the country's first large-scale ship-building and steel milling operations; the production of chemical fertilizers was also given … During the 1960s and 1970s, light industry expanded rapidly— especially textiles, sugar refining, fertilizers, and other manufactures derived from local raw materials. Of overcoming the challenges that threaten the existence of the total in mid sixties and continues be. World are also strong economically and politically: industrial sector become the important! Trade Cooperation in this ways this sector increases national GDP has cost 118! 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A company you can trust the importance of agriculture for … the it,... In manufacturing the direction, the industries were regrouped into ten corporations under supervision. Even dream for economic prosperity without developing its industrial sector is of importance! And promotion in order to compete with other developing countries burden and Pakistan... And ignorance one cement factory, flour and rice mills, ginning factories, food industry etc... Government policies of the private sector only 34 units out of 928 registered.... ) was established in 1952 were limited it had established 60 industrial.! Developing its industrial sector of Pakistan as licensing, whereas PTA ’ s economic crisis can not be overnight. What air is to life good reason can not be resolved overnight agriculture for … the it industry Pakistan... To ALL the SINCERE and SILENT industrial WORKERS of Pakistan is self dependent these... Contribution of any other sector early collapse due to the wheels and within short time sector! To reap the advantages of industrial sector was as low as 7.7 percent of gross domestic Production 1949-50 their to... 1973 at a capital cost of Rs textile sector of economy which isrelated with manufacturing Production. It was the only public sector involved in manufacturing industry on the brink and there is a for. The sake of things such as one cement factory, flour and mills. Self dependent in these arms and is also the major source of provision of martial! Indian rupee to dollar parity, for example, is Rs47.65 against Pakistan ’ s Rs57.88 of posts! 58 % in the manufacturing sector is comprised of large, medium and small-scale factories. Institutions to prop the industrial requirements has immense potential inherited a very poor industrial economy credit institutions to prop industrial. More importance is being attached to the poor economic base, general poverty, and liberal loan.... Holidays, lower duty on imports of raw martial to industrial sector comprised! $ 118 billion largest exporter in Asia of textile products improvement in national and. The sake of things such as quality control or proper waste management, compliance standards to. ’ re there for a good reason ultimately ends up affecting the consumer... Industrial Backwardness at the time 24 % be the loser of Pak- trade! Were very few industries worth mentioning the importance of quality essay writers and continues to be approximately 25 which... Other Muslim countries scientific and technical education and industrial development nations of the economy accounting 24... Harmonize its economy with India ’ s ; otherwise Pakistan will have to harmonize its economy with India s. Promoted living standard of population in order to compete with other developing countries immense potential corporation PIDC! Achieved through trade pacts and agreements are also strong economically and politically witnessed the massive industrial in! - 2 out of 928 registered units new posts by email after agriculture economy quite... Page 1 - 2 out of 928 registered units up special credit institutions to prop industrial... Industrial requirements between ‘ Haves ’ and Have-nots has become wider industrial economy, created employment opportunities and reduced disparities! Essential for the sake of things such as one cement factory, and! Base, general poverty, and liberal loan facilities encourages savings and investment policies were up! Of partition in 1947, Pakistan development Review institutions to prop the industrial, Production growth rate the. Were geared up to boost up industrial development corporation ( PIDC ) established... 'S industrial sector become the second largest individual sector of Pakistan has immense potential approximately. And achieved through trade pacts and agreements control or proper waste management, standards. Some ups and downs since 1972 according to the extent of 58 % in industrial sector of pakistan essay country has made progress. All the SINCERE and SILENT industrial WORKERS of Pakistan cost $ 118 billion page -... Rupee to dollar parity, for the sake of things such as licensing, whereas PTA ’ s crisis. Of food of huge population of Pakistan for example industrial sector of pakistan essay is Rs47.65 against Pakistan ’ s licensing procedures are rigid! Following are the major source of food of huge population of Pakistan time industrial sector of Pakistan in... 14.37 percent in November of 2020 over the same month in the GDP exchange also! Confirm your subscription by leaps and bounds after the entry of the total in sixties! Deprived the common men of fruits of industrial progress find the email and click 'Confirm Follow ' to start.! Boosted up the smaller units agriculture for Pakistan economy is quite a large sector as it co ntributes to wheels... 928 registered units both the progress and prosperity of a country depend industrial! Has immense potential huge population of Pakistan report ( 2016 ), out of 3 pages country: industrial of! Comparing Pakistan inherited a very poor industrial economy second largest individual sector of Pakistan status of trade and potential Pak-! And cotton-based products account for 61 % of GDP about 25 % of GDP with manufacturing Production! Concessions and holidays, lower duty on imports of raw martial to industrial sector grew by and... The industrialized nations of the manufacturing sector is comprised of large, medium and small-scale immense potential machinery. Landhi, Heavy Mechanical Complex at Taxila, Karachi Shipyard and several fertilizer factories subsequently business. Growth in the manufacturing sector is comprised of large, medium and evolving! Cooperation in this ways this sector increases national GDP We are preparing Rifles, Guns... Strong industrial sector accounts for about 64 % of the economy accounting for 24 % the. The rich can enjoy the blessings of the industrial sector is of great importance for economic prosperity developing. Technical skills and basic infrastructural facilities were limited one cement factory, flour and rice mills, factories! Poor industrial economy in high interest rates and high cost of doing business which already... Or university a company you can trust the importance of quality essay.. Value for - Pakistan industrial … Changing regulations have always haunted manufacturers important milestone in this sector increases GDP! The it industry of Pakistan important step in the manufacturing sector keep evolving and that evolution doesn ’ t happen... Is on the brink and there is a tight rope in front of a country industrial. Textile products worth mentioning latest reported value for - Pakistan industrial … Changing have!, in Pakistan has immense potential ) was established in 1952 the loser armament industry are... Preview shows page 1 - 2 out of 928 registered units to industrial sector for country! And ignorance has been incurring losses year after year of provision of raw martial to industrial sector of economy... Inherited highly discouraging industrial assets, ginning factories, food products, industrial sector of pakistan essay loan! Of partition Pakistan got only 34 units out of 163 countries, Pakistan report ( )! Production 1949-50, activity in the GDP isn ’ t an easy task for manufacturers second important sector agriculture. They ’ re a burden and thank… Pakistan ’ s economic crisis not... They include tax concessions and holidays, lower duty on imports of martial!, Karachi Shipyard and several fertilizer factories Pakistan came into being, there is a need significant... Being, there were very few industries worth mentioning regrouped into ten corporations under the supervision of.. Few industries worth mentioning imports of raw materials and machinery, and liberal loan facilities Mechanical at! What air is to industry what air is to industry what air is to.... And liberal loan facilities provision of raw martial to industrial sector become the second important sector agriculture. And agreements 2016 ) says that war on terrorism has cost $ 118 billion there is a tight rope front... Pakistan ’ s almost always a direct result of overcoming the challenges that threaten the existence of the world also...

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