KARACHI: Pakistan on Tuesday decided to resume low-risk industrial operations in a phased manner to mitigate the suffering of its working class amid coronavirus lockdown as global institutions projected that the growth rate of the country’s economy could decline as much as negative 2.2 percent. You can socially interact with him at https://www.facebook.com/shehz.zulkifl. b) 1960s: The ere of industrial stabilization Jahangir's World Times (JWT) monthly magazine is the project of Jahangir Publishers — a continuation of dedication and service to the nation. Growth of industrial in 1950s. Other Industrial projects in the CPEC for the industrial sector “The PTI government showed the mettle to survive against all odds ranging from bureaucratic glitches, malicious international propaganda, economic and financial challenges, foreign pressures, and COVID-19 pandemic,” said a report published by Gwadar Pro on Tuesday. Industrial Production in Pakistan increased 14.37 percent in November of 2020 over the same month in the previous year. And in the short to medium term, educating SME as to global trade procedures would help widen the export eco-system. Copyright @ 2020 | Strafasia all rights reserved. pakistan affairs Study material Preview text Comsats University Islamabad, Wah Campus ASSIGNMENT # 02 COURSE TITLE: PAKISTAN STUDIES (HUM 111) SUBMITTED BY: MUHAMMAD AFZAL SHAH FA18-BEE-2B (073) ABSTRACT Basic purpose to make this study was to find out the determinants of industrial sector growth in Pakistan. VALUE OF PRODUCTION 82. Emphasises need to launch projects under public-private partnership mode . INDUSTRIAL COST 68. Such topics appear too easy and simple to write on but, in reality, they are too tricky, therefore, risky. 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. Industrial sector plays an important role in the development process of any country. Once Pakistan’s financial hub, Karachi, been the victim of terrorism due to Pakistan’s weak border with Afghanistan, to say nothing of the northern side and the whole of Pakistan. Weak criminal justice system Shehz Zulkifal is an aspiring writer of world affairs. High bank spread is a big hindrance right now in converting new ideas to established businesses and in preventing 3.3 million existing SMEs from becoming a source of Pakistan’s foreign currency reserves. It was a topic of their social study's book. Government continues to announce packages for the industry but avoid balancing the tax regime which is tilted towards non-productive sectors, it said. Performance of industrial sector in 1970s. According to the Pakistan Economic Survey of 2020, Pakistan is now energy sufficient with installed capacity reached to 37,402 MW and the current demand is 25,000 MW. 2. But still, there is an energy crisis. Mcq Added by: admin. 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. Sugar cane is produced on very large scale in many areas of Pakistan. Besides data, you should focus on the policies of India and Bangladesh which have brought positive results in their industrial sectors. Which industry is the backbone of Pakistan economy? The Pakistan Industrial Development Corp., established in the early 1980s with IDA credit, developed industrial estates for small- and medium-scale industries, assisting their occupants in obtaining credit, raw materials, technical and managerial assistance, access to production facilities, as well as marketing support. We have learned again and again the importance of diversification in economic dependency. The industrial Production growth rate during the year 2005 remained 6%. Issues Confronting the Industrial Sector of Pakistan, a) Economic Issues the Manufacturing Sector of Pakistan: a) Growth and Pattern of Output At the time of independence, small scale industries (essentially the household and cottage manufacturing units) accounted for about five per cent of GDP and only a handful of large scale manufacturing units existed in Pakistan. Industrial Sector Of Pakistan MCQs Some students of Pakistan Science High School did some research and collected some pics of Famous Industries of Pakistan. Origin & History: Since the latter part of the 18 th century manufacturing as a human occupation got much importance. Development of industrial sector means more investment, … While explaining the issues, try to quote the relevant data and facts that support your stance. 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. Relevant material in this regard is available in research papers, articles and scholarly essays which are quite easily available on the internet. A business environment where Small and Medium Enterprises (SME) can grow and be developed is key for a country to move from an import oriented and consumption-led economy towards one based on industrialization. Latest News Online Exams Not Possible In Pakistan, Former HEC Chairman Says Yet in the past, the PKR/Dollar price was stable for a long period of time at around 100, and in that same period, SBP’s reserves fell from around $18 billion to $6 billion; less than 2 months of import payment remained, a serious security risk as well as an economic one. Describe the Importance of Industrial Sector in Pakistan? Subsequently Small Business Equity Ltd. boosted up the smaller units. Introduction: 2. Issues confronting the industrial sector of the country should be presented in a scholarly way. Role of Industrial Sector in Economic Development 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. FIXED ASSETS. While presenting recommendations in the last part of the essay, try to be extremely logical and practical in your approach. Manufacturing in the country can be categorized into two; that is large scale manufacturing, which is valued at $28 billion and the small scale manufacturing sector, which i… Of our GDP, 18.74% is agriculture, 19.74% is industry, and 61.52% pertains to services, according to the 2019 estimate; this makes it appear that sectors other than the industry are contributing more than 80% to the GDP. Industry. 20. ü Large-scale manufacturing (LSM) An autopsy of Pakistan’s industrial sector. d. Effective and beneficial use of women workforce Overpopulation Even though the supposed aim behind this unholy alliance is […], Print PDF Although the past seventeen years have been devoid of any meaningful progress towards a negotiated settlement between Kabul and the Taliban, the year 2018 and onwards has proved to be the most promising […]. Large Scale manufacturing covers the establishments registered under factories Act 1934 or qualifying for registration (having 10 or more employees) including Repair and Service Industries. (Situation, Issues and Solutions) 1. The incumbents need to prioritise the real economy over real estate. Lack of infrastructure, b) Social Issues Aspirants should collect relevant information well before the exam. Critical analysis of the industrial sector of Pakistan in different political regimes is also an essential component of this essay. It is mandatory to procure user consent prior to running these cookies on your website. But these figures do not reflect the fact that the industrial sector is the center of gravity which helps create the overall wealth of the nation by uplifting other sectors of the economy. Industrial sector of Pakistan problems and solutions.” Industry is an important sector of Pakistan next to agriculture. Aspirants should collect relevant information well before the exam. Once a source of crisis, now is all set to become a major market for export and transit between Pakistan and the Central Asian Republics. Lack of focus on research and development, 7. The diversification in Pakistan is very narrow, both in terms of the number of commodities we export – textile exports alone are $13 billion out of a total $23 billion – and in terms of export destinations where 70% of our value-added exports are for the EU and US markets alone. Pakistan, which had almost no large industrial units at the time of partition in 1947, now has a fairly broad industrial base, and manufacturing accounts for about 17 percent of GDP. Flawed policies k. Reservation of substantial budget for research and development. These cookies do not store any personal information. MCQs about Pakistan industrial sectror production. There is potential to increase this if Pakistan moves towards man-made fiber by adding value to it. g. Research-based and workable industrial policies. Cotton textile production is the single most important industry, accounting for about 19 percent of large-scale industrial employment. INDUSTRIAL PROBLEMS OF PAKISTAN. Large Scale Manufacturing and Small Scale Manufacturing. Pakistan's development and prosperity linked with progress of industrial sector: PM; Pakistan's development and prosperity linked with progress of industrial sector: PM Published On 27 November,2020 05:04 pm. He has studied Economics, Business, Finance, and Banking in his last degree. Thanks to 17 CPEC energy-related projects. Pressure of inflation a. h. Sustenance of democracy and political stability 2/15/2007 Investment Opportunities in Pakistan Gwadar Karachi PAKISTAN Gateway to Opportunities. It is a major source of consumer goods and employment in the country and accounts for almost 20 per cent of the country’s annual Gross Domestic Products (GDP). Cotton and cotton-based products account for 61% of export earnings of Pakistan. It got only 34 industries out of total 955, while remaining were held by India. The recently announced National Tariff Policy will bring down the rates of duty on manufacturing inputs, allowing Pakistan to integrate into the global value-chains, somewhat along the lines of what Vietnam done has in the last 10 years. Industry C. Agriculture D. Manufacturing. 1 Industrial production accounts for how much of Pakistan total GDP? Agriculture Mcqs Agriculture Mcqs for Preparation of FPSC, KPPSC, PPSC , SPSC, BPSC, NTS OTS ETEA and other tests. Slackness and lethargy, c) Political Issues The income of a worker in the industrial sector will be higher on average than that of a worker in the agricultural sector. Unfortunately, Pakistan is facing colossal energy shortfall causing industries to shut down. 8. Energy crisis At the time of partition of Pakistan the contribution of industrial sector to GDP was only 7.75%. This is an example of economy-specific essays. Poor performance of state-owned enterprises (SOEs) population. Marginalized role of women In knitted apparel, as of 2018, the share of exports for China, Bangladesh, and Vietnam is 30.5%, 8.4%, and 5.8% respectively. An industry is a group of companies that are related based on their primary business activities.In modern economies, there are dozens of industry classifications, which are typically grouped into larger categories called sectors.Industry basic role is to produce a particular kind of goods and services. He graduated from the Institute of Banking & Finance at BZU, Multan. This is totally agricultural based industry. Another Pakistani owned Silicon Valley startup, Swaggable will value at $20 million this November. Remaking of World Politics: Is This the Beginning of a New World Order? Unforeseen Trap for India in the Sino-Iran Strategic Partnership, The Afghan Peace Process – Cautious optimism. 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. Terrorism Devaluation of currency 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 …