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The economic development planning began in 1948 when Prime minister Liaquat Ali Khan presented the first Five-Year plans at the parliament of Pakistan on 8 July 1948. The first plan was conceived by the Ministry of Finance (MoF), and were studied and developed by the Economic Coordination Committee (ECC) based on the theory of Cost-of ...
The fourth five-year plans was abandoned after the fall of Dhaka East-Pakistan. Virtually all fourth five-year planning was bypassed by the government of Prime minister Zulfikar Ali Bhutto. Under Bhutto, only annual plans were prepared, and they were largely ignored. The fourth five-year plan was replaced with the nationalisation programme ...
The Five-Year Plans of Pakistan resembled planned and central planning exclusively restricted for the military contracts, power and energy sector, and manufacture and operation of railroad network, telephone, telegraph, and wireless equipment. [3] The rest of the sectors were left for the private-sector ownership management. [4]
Five-Year Plans of Ethiopia; Five-Year Plans of India, which existed from 1947 to 2017; Five-Year Plans of Nepal; Five-Year Plans of Pakistan, centralized economic plans and targets as part of economic development initiatives; Five-Year Plans of Romania, economic development projects in Communist Romania, largely inspired by the Soviet model ...
Since 1952, the commission have had a major influence and role in formulating the highly centralized and planned five-year plans for the national economy, for most of the 20th century in Pakistan. Although the five-year plans were replaced by Medium Term Development Framework, the commission still played an influential and central role in the ...
Pakistan’s new coalition government presented its first budget in parliament on Wednesday, promising an increase of up to 25% in the salaries of government employees and setting an ambitious tax ...
Pakistan's five-year plans opted for a development strategy based on industrialization, but the major share of the development budget went to West Pakistan, that is, contemporary Pakistan. [34] A lack of natural resources meant that East Pakistan was heavily dependent on imports, creating a balance of payments problem. [34]
On Thursday last week, 24-year-old Erica Robin won the inaugural Miss Universe Pakistan pageant held in the Maldives.It should have been a moment of celebration for Karachi-born Robin, yet in the ...