Search results
Results from the WOW.Com Content Network
Manufacturing growth in Pakistan during this time was 8.51 percent, far outpacing any other time in Pakistani history. Pakistan established its first automobile and cement industries, and the government constructed several dams, (notably Tarbela Dam and Mangla Dam), canals, and power stations, in addition to launching Pakistan's space program.
Due to limited capital in the small private sector, the government opted to focus on the public sector to foster economic and industrial development. In the fiscal year 1949–50, Pakistan recorded a national savings rate of 2%, a foreign savings rate of 2%, and an investment rate of 4%.
The corporate sector remained to expand in Prime minister Benazir Bhutto's government who promoted the nationalization and privatization at once. In 2004, in a programme initiated by Prime minister Shaukat Aziz, the corporate sector further enhanced and matured; it had built a strong and sizeable sector in the financial hubs of the country.
General Yahya designated himself as Chief Martial Law Administrator of the country and installed a military government in both East and West-Pakistan. Yahya and his military government promised to hold a general election within 2 years. Yahya Khan, Pakistani military president (left) meets US President Richard Nixon.
The total GDP per capita stood between 8.4% (in the 1970s) and 8.3% (in 1993–96), periods of nationalisation.. The nationalisation process in Pakistan [1] (or historically simply regarded as the "Nationalisation in Pakistan") was a policy measure programme in the economic history of Pakistan that negatively impacted the country's industrialization and undermined the trust of businessmen and ...
The momentum and demands for denationalisation gained currency towards the end of the government of Prime minister Zulfikar Ali Bhutto and Pakistan Peoples Party who under intensified their nationalisation programme had effectively the government-ownership management in the private industries of Pakistan; it had built a strong public-sector with priority on cement, steel and fertilizers. [8]
Although Pakistan didn't officially launch a First Five-Year Plan, it embarked on various development initiatives during this period. The key focus areas included agriculture, industries, and infrastructure development. At the time of partition of British India by the United Kingdom, Pakistan was a relatively under-developed country. [6]
Trade between the two countries stood at $340 million in 2010, which was described by the deputy high commissioner of Bangladesh, Ruhul Alam Siddique as "negligible when you take in to account the combined population" of the two countries. Areas he hoped would induce investment from Pakistan to Bangladesh included the textiles and energy sectors.