Source: Pakistan Education Statistics (201516) A big challenge is the children who should be enrolled in school but are not. They were cotton textile, cigarettes, sugar, rice husking, cotton ginning and flour milling industries; and together they contributed only 7% of GDP and employed a little over 26,000 employees. More often than not, theyre a burden and thanks to globalization, manufacturer Download file to see previous pages This essay discusses the Pakistan country, that is a developing nation that is dependent on agriculture as the country is endowed with fertile lands fit for the economic activity. Through industries a nation can maintain peace and can develop the economy. Between 1990 and 2015, per capita water availability declined from 2,172 cubic metres per inhabitant, to 1,306 cubic metres per inhabitant. ] vQ7I^Nn{J$3QHY!P\?2satO"d)UEp7:W5(c"@YQVL68 endstream endobj 53 0 obj<> endobj 54 0 obj<> endobj 55 0 obj<>/ProcSet[/PDF/Text]/ExtGState<>>> endobj 56 0 obj<> endobj 57 0 obj<> endobj 58 0 obj<> endobj 59 0 obj<> endobj 60 0 obj<> endobj 61 0 obj<> endobj 62 0 obj<>stream The shift of textiles from large to small scale. Most of the present economic problems in Pakistan are ultimately linked to the slow pace of industrial development. Pakistan needs to move along with structural reforms by locating root causes of the problems and challenges its economy faces. The economic situation of Pakistan is very critical and people are looking towards the solution of these challenges faced by the economy of Pakistan. However, complying with new standards isnt an easy task for manufacturers. WAR ON TERRORISM: Challenges to Pakistans Economy a. Notify me of follow-up comments by email. Copyright © 2021, Government of Pakistan, Finance Division, Economic Advisor's Wing, Economic Survey, various issues. 0000001861 00000 n As a result, all above factors are causing industrial backwardness. In spite of it being rich on raw resources thus far Pakistan is a developing country with limited development in every period due to the problems it faces. trailer Pakistan was predicted to be worlds fastest growing Muslim economy in 2017 ahead of Indonesia, Malaysia, Turkey and Egypt. xb```f``2,@ 8-7L:000p/jK%lULeN f X2i, c=P6e `>@a|0QWP^k.@ =f : In the same page, government of Pakistan is serious with other issues of the country, but when it comes to industrial problems and issues, all governmental people are silent. Pakistan is among the most urbanized countries of South Asia. It discusses the pace of urbanization and the major problems associated with it. Pakistan has been facing different challenges regarding to its economy. Rapid industrialization is considered by the economic exports as the sovereign remedy to put our economy on a sound basis. So, Pakistan is needed to make industrial development through: Government of Pakistan should provide funds to its industries, technical education is required to produce skilled, technical and efficient work force, and problem of load-shedding and irregular supply of electricity should be removed. But it is a negative point for the government of Pakistan that, the government is not learning from other countries, and also not seeking from industrial activities. As challenges mount, urban planning is gradually finding space in the policy discourse. c) Political Issues Terrorism But, theyre there for a good reason. 0000003121 00000 n rBh?d,uG* *TEZcgW;bEgKyLPVn+S4UW]/hC 0000001172 00000 n Nonetheless, the process of industrializing her agricultural activities has been faced by several problems impeding the whole process. It is a clear fact that, industries play a pivotal role for enhancing a country and they are considered the backbone of a nation as well. Even though government of Pakistan does not consider this is an issue. Without any doubt, a country cannot maintain its significant position in the international market without having a sound industries. Industrial development is crucial for development and exports promotion. I2Onq47vnsQHB Importance of Industrial Sector in Pakistan or Role of Industrial Sector In economic Development 2. Your email address will not be published. 0000000931 00000 n Water associated problems are amongst the key challenges faced by Pakistan. 10.4.2 Second five year plan (1960-65) The first five year plan had failed to command wide political or public support. Industrial development is impossible without capital. Since they know industries are the sole source through which they can bring improvements. 0000000016 00000 n Backwardness is not bad but remaining backward is so bad. 2015, Snchez-Triana et al. They are changing their days into nights and nights into days for industrial growth. Although Pakistan is plagued by widespread economic inequality, security concerns, and political uncertainties, the country is also ripe to undergo a significant social and economic transformation. It is crucial for every country to build industries, to make the industries task done well and much money should be spent on industries beside other things. So, Pakistan is needed to make industrial development through: Government of Pakistan should provide funds to its industries, technical education is required to produce skilled, technical and efficient work force, and problem of load-shedding and irregular supply of electricity should be removed. Economic consequences of environmental degradation. Economic Challenges of Pakistan 2021: It is a bitter truth that after 1947 Pakistan has all the time faced the enemies and antagonism from other countries. This will be followed by posts on how [] 2. HWr8}W9Sz=JTV>$$b!4 mG{hRc;E`O^iMD,8 Decrease in External Value of Currency Being a developing country Pakistan has to import industrial plants and machinery from abroad but the import of machinery, raw material and spare parts is becoming expensive due to decrease in the external value of currency. World Economic Forum report ranks Pakistan at 124 among 144 countries on the index of competitiveness which is Infect, industrial sector is second largest sector of our economy .But still authorities are failed to make the standard. The industrial Production growth rate during the year 2005 remained 6%. Large scale manufacturing growth rate is 19.9%. WAPDA (Water and Power Development Authority) is working on adding power through deployment of Hydro power plants in Pakistan. Interest Rates Daily Balochistan Express an independent daily having no links with any opinion. Pakistan is fundamentally, underdeveloped and there is shortage of capital in the country. Without any doubt, a country cannot maintain its significant position in the international market without having a sound industries ground. Most importantly, a nation, a country, a society cannot make a move towards development without industries. Pakistan's population has grown rapidly from around 30 million in 1947 to over 130 million in 1996. In Pakistan there are many institutions, departments, Councils, Authorities and donors working to resolve the above issues. Numbers and Trends in IndustryGrowth in industrial sector rose dramatically in 1950s and 1960s oReason: Initial Investment The growth rates of small scale sector rose. Deficiency of capital is one more major problem in the way of industrial development. 13.7% labour force is attached with industrial sector in Pakistan. The activity in the manufacturing sector is comprised of large, medium and small-scale. Hence, in order to sustain economic growth there is a high demand on already scarce natural resources. Industries lack facilities, such as buildings, well workers, new technology, well managers and many more. 6. Industrial Development in Pakistan At the time of independence, Pakistan has inherited only 34 industrial units out of 921 industrial units in subcontinent. Despite this, Pakistan's average economic growth rate since independence has been higher than the average growth rate of the world economy during the same period. Most of the present economic problems in Pakistan are ultimately linked to the slow pace of industrial development. It is a clear fact that, industries play a pivotal role for enhancing a country and they are considered the backbone of a nation as well. xref The revenue generated is only 15% of the GDP at best, and in the worst days it is 12 to 13%. Water Sustainability in Pakistan Key Issues and Challenges 7.1. Despite rising economy, Pakistan is still hampered by image problem. Lack of trained manpower 3. 52 14 Required fields are marked *. If we have a glance towards developed countries like America , England , France , Canada , Japan , Russia which are top on the list for making successful elevation in the industrial sector and they changed their life styles just because of industries . 0000002231 00000 n https://www.askedon.com/industrial-sector-of-pakistan-problems-and-solutions It should be in mind that, if there is no industry; there is no economy, no development and no improvements. This is what being done in the country? When, in 1947, the Dominion was created as the State organization of India's Muslims, the problems inherited were com-plex and voluminous. Out of every hundred rupees of our national income, we consume 85 rupees and save only 15 rupees, which means development on education, health, general administration etc. Causes of Industrial Backwardness: 1. However, people are related with agriculture sector and industrial sector mostly suffer from problems. startxref This is the first of three blog posts on Pakistans rapid urbanization. It is a clear fact that, industries play a pivotal role for enhancing a country and they are considered the backbone of a nation as well. DDh-("JH/0A/=/~Rm D*d4cl1z3 ]ml=[O So one can answer this question in context of industrial development in Pakistan. Business Climate in Pakistan-Challenges and Remedies 2 analyze the key issues and challenges faced by corporate entities leading to been observed that industrial development in Pakistan has been heavily dependent on government intervention and there was poor growth in this In my thinking the question is asking about the problems faced by industries in Pakistan over time. 52 0 obj <> endobj Without compliance standards, manufacturers could very well end up cutting corners, which ultimately ends up affecting the end consumer. Today our country is backward and not developing is just due industrial problems. Kemal, A.R. Pakistans water profile has changed drastically from being a water abundant country, to one experiencing water stress. Average annual real GDP growth rates were 6.8% in the 1960s, 4.8% in the 1970s, and 6.5% in the 1980s. And, these are the still Economic challenges of Pakistan 2021 as we can not get rid of them. 9 causes of slow economic development in Pakistan. The most important thing is that, all governmental authorities need to be serious for developing industrial sector. %PDF-1.4 % Changing regulations have always haunted manufacturers. Daily Balochistan Express, Quetta, Express House, Patel Housing SocietySariab Road, Quetta, Pakistan +92 081 2451981 +92 081 24519831 web@bexpress.com.pk, About Daily Balochistan Express It is a huge failure for the government that a country namely Pakistan which is well industries less. At the time of independence we had only 34 industrial units. a) Economic Issues Energy crisis Huge bank spread Devaluation of currency Pressure of inflation Under-utilization of national resources Lack of infrastructure. 0000001066 00000 n and sound industrial base, our economic development is not progressing as it should. %%EOF 0000005311 00000 n It covers all the five ecological zones of Balochistan besides major cities and townships of Pakistan, Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window). More interestingly, we can see developed countries which are doing their utmost only for industrial development. A rough outline would be: 1. Today we have more than that but without management. Economic and Political Problems in Pakistan Background to Martial Law An interpretation of Pakistan's present situation patently re-quires an understanding of the economic and political factors that preceded it. Question is not about the problems caused by industrialization in Pakistan. 0000003045 00000 n For Pakistan, it takes on more significance, as the economy is agrarian in nature and depends on a single source, the Indus basin, to meet most of its water needs. Save my name, email, and website in this browser for the next time I comment. 0 Small scale sector was more productive in Pakistan. Sufficient capital is a Small and backward industrial sector is based on low level of capital formation, technology, training and education and over dependence on agriculture sector. POVERTY According to an scrutiny organize and carry out by the government of Pakistan and shows that the poverty has increased approximately from 30% to 40% during the past decade. <]>> 0000000851 00000 n Overview Water is a crucial resource for the livelihood of people and sustained development of any economy. 0000002797 00000 n Power shortage 2. The majority of Pakistan's industrial sectors, for example fishing and agriculture, which count for more than one fourth of the output and two fifths of employment in Pakistan, are highly dependent on the country's natural resources. Controversial Industrial development strategies. The Performance of Large Scale Industry in Pakistan Challenges & Issues. They are not concentrating towards this sector, and towards development. and Z. Alvi, 1975, Effect of 1972 devaluation on Pakistan's balance of trade, Pakistan Development Review. 0000000576 00000 n Issues Confronting the Industrial Sector of Pakistan. Pakistan has different opportunities which can help it Among the chief characteristics of a typically non-industrial economy the #/vxHTfSn Oa!8%93u>nn? This article refers to some literature (Ahmed et al. }N UF7f.$8j3P|(:t/%(=$XYs*?+|H\V[%j-soD92`$) @52@xx`W?!@4UkkowtKN&Y +2[b>>bpy)$JwAseG}_5JAzm3~ dk(3(a}:$H@%Gm`IT^5!|-8r)pv`4hh3:O\G=}$C5'%\6LX;&ZB!>;:M $8~g:y4_q=fO|1U1W^/*}*$$=!RY;@9s/X *R\jg) zLG I"$9O_V;:Gk5F6 )_643jDNB]/{UZ8MFt)W_. Your email address will not be published. PROBLEMS OF INDUSTRIALIZATION IN UNDER-DEVELOPED COUNTRIES S. M. Akhtar Industrialization is a process of transformation of a predominantly non- industrial community into a predominantly industrial community. Government of Pakistan knows the weakness, but still no one pays heed in this sector. 0000002555 00000 n 65 0 obj<>stream But unfortunately, Industries of Pakistan are not moving towards advancement and industries are not being focused by the authorities. IMG Consultants, 1988, Industrial efficiency improvement and development strat- egy, Prepared for Government of Pakistan, Pakistan. Development Challenges in Pakistan Dr. Nasim Ashraf, Pakistans Minister of State and chairman of the National Commission for Human Development. b) Social Issues Marginalized role of women Overpopulation Malnutrition and diseases Corruption Slackness and lethargy. Pakistan got only 34 (3.7 % of total industrial units) industrial units out of 921 units in sub-continent in 1947. Page 6 PAKISTAN TEXTILE INDUSTRY Textiles is the premier industry & backbone of Pakistans Economy: Major Agrarian industrial problems of Pakistan in the fields of agriculture, education a nd housing. Pakistan is confronted, at present, with a variety of governance issues, which have become a hindrance in the smooth and sustainable development of the country. It is edited by professional journalists enjoying high reputation in the eyes of their readers all over Pakistan. 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