University of Karachi.
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The Modern Thesis of Pakistan Politics
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Remember Me. Reset Password Username or E-mail:. A crisis mode prevailed throughout the decade.
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Industrial production was increased by import-substitution policies, encouraging private investment in this sector. The physical capital stock growth rate was Political disturbance which had started in late s ended with the crises of and consequent separation of the former East Pakistan. The new government took over during deteriorating economic growth and the country was faced with the challenges of rehabilitation of war devastated economy, high rate of inflation and stagnant agriculture and industrial sector. The decade of s saw the break-up of the country after a civil war, the nationalization of industries, finance and education, flooding, a sharp hike in petroleum prices and recession in world market.
The winding up of private sector initiative and entrepreneurship and the control over all key decision variables by the Government were a major setback to the economy causing huge uncertainty and loss of investor confidence. Tashif Ahmad Author.
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Add to cart. Introduction GDP growth is the most widely used measure of economic performance. Fifties and Sixties The economy of Pakistan which started with small support could not perform well in s. The Seventies and the Non Plan Period Political disturbance which had started in late s ended with the crises of and consequent separation of the former East Pakistan.
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