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  #1  
Old Friday, January 13, 2017
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Unhappy Five Year Plans

Salam, can anyone share with me the facts and figures of previous five year plans. or any link to all previous five year plans. thanks
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Old Tuesday, January 17, 2017
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Default First five year plan (1955-1960)

First draft of this plan was developed in 1956, but due to lack of
administrative and professional staff this draft could not be published.
It was revised in late 1956 and published in May 1958.
Size of Plan:
The size of plan was Rs.11, 500 Million which was revised to
Rs.10, 800 Million.
It was decided to invest Rs.7, 500 Million in public sectors and
Rs.3, 300 Million in Private sector.
Rs.66, 000 Million were decided to finance by internal sources
and Rs.42,000 Million by external sources.
Objectives:
To raise national income and per capita income
Creation of employment opportunities
Increase production in agriculture and industrial sectors.
Reduction in regional disparities
Improvement of living standard
Increase economic development
Priority:
In first five year plan highest priority was given to the
agriculture sector and the industrial sector.
Targets:
Increase in national income by 15%
Increase in population by 7%
Increase in Balance of payment by 15%
60% increase in production of industrial sector
Rehabilitation and renovation of Railway
Increase in savings from 5 to 7 %1 Million Additional children to be admitted to primary schools
and 144000 to be put in secondary schools
Achievements:
National income increased to 13%
Unemployment situation worsened
5.6% fall in export index
Industrial production increased by 42.36%
400 thousand children actually admitted to primary schools and
195 thousand in secondary schools.
Literacy rate declined from 18% to 15%
Critical overview:
The plan did not receive formal approval from government until
1957 and never received full support from government.
Planning machinery was not effective. It failed to highlight the
importance of 5 year planning to the government as well as
public.
Financial resources available for development fell short of
expectations.
The most disappointing feature of plan was the failure in the key
agriculture sector.
No definite weight age was given to the objective of plan.
Education priorities were distorted in favor of higher education.
Performance was less encouraging in transport sector.
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Old Tuesday, January 17, 2017
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Default Second five year plan (1960-1965)

The second plan was approved and implemented in June 1960. The
plan was revised after only one year and the revised plan was
published in November 1961.
Size of the Plan:
The size of the plan was Rs.19 Billion after revision. It was
extended to Rs.23 billion from which Rs. 12.5 Billion were
financed from internal resources and Rs. 10.5 Billion from
external resources.
Objectives:
To increase national income
To create job opportunities inside and outside the country
To increase the production of agriculture sector.
To increase foreign exchange earning in order t correct Balance
of payments.
To expand the Education, health and social welfare facility
To increase savings and investment
Priorities of the Plan:
Highest priority was given to agriculture sector in order to
reduce the food grain shortage and attain self sufficiency in
agriculture products.
The second priority was given to industrial sector and 3rd priority
was given to communication sector.
Targets:
Increase in GNP up to 24% and per capita income up to 12%
Achievement of growth rate of 4.7%
21% increase in production of food grainsEmployment creation of 3 Million new jobs
10% increase in saving rate
Achievements:
30% increase in GNP and 15% increase in per capita income
Achievement of economic growth of 5.5%
161% increase in large scale manufacturing industry
Foreign exchange earnings 18% above target
3.6 million Jobs were actually created
1,546 new post offices and 53,500 new telephone connections
Critical overview:
The implementation of plan was good and satisfactory, but the
targets might even be exceeded.
The focus was on import subsidy policy. It created problems for
local industry.
More over this subsidy policy was not fair. Big industrialists and
businessmen benefited from this policy.
Tax policy was also in favor of rich industrialists.
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Old Tuesday, January 17, 2017
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Default Third five year plan (1965-1970)

Third five year plan was approved by National Economic Council (NEC)
in May, 1965 and it was revised in 1966 due to war 0f 1965 with India.
SIZE OF THE PLAN:
Total size of the plan was Rs.52, 000 Million out of which 30, 000
Million was allocated for public sector and 22,000 Million was decided
to be spent in private sector.
FINANCING:
It was decided that 68% of total size of plan will be financed by
internal sources and the remaining 32% will be financed by external
sources.
TARGETS:
Growth rate 6.5% per annum
Per capita income 3.5%
Foreign exchange earnings to reach Rs.4, 800
Establishment of new industries
26,414 new primary schools and 5.8 Million enrollments
710 high schools to be improved and 0.90 million enrollment
0.13 Million enrollment in inter colleges
Development of health and transport sector
Reduction in income disparities between East and West Pakistan
ACHIEVEMENT:
Growth rate was 5.7% per annum
Per capita income was 2.9% compounded annual growth
Income disparities between East and West Pakistan increased
from 36.5% to 47.4%Food grain production exceeded plan targets
Industry targets were not achieved
6,062 primary schools and 3.19 million enrollments
650 high schools improved
0.14 Million enrollment in inter colleges
Evaluation:
The war with India in 1965 resulted in a substantial reduction in
the flow of external rate.
Shortfall in public sector development expenditure occurred &
main priorities were distorted.
Allocations for social sector were drastically reduced.
Most of important objectives were distorted due to war.
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AshfaqAbbas (Tuesday, January 17, 2017), Insaf Ali Shar (Sunday, October 01, 2023)
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