#1
|
|||
|
|||
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
|
#2
|
|||
|
|||
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administrative and professional staff this draft could not be published.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. |
#3
|
|||
|
|||
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. |
#4
|
|||
|
|||
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. |
The Following 2 Users Say Thank You to usama6 For This Useful Post: | ||
AshfaqAbbas (Tuesday, January 17, 2017), Insaf Ali Shar (Sunday, October 01, 2023) |
Tags |
five year plans, town planning |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Required VU sociology Notes by Dr. Anwar | shrd | Sociology | 6 | Saturday, February 23, 2013 11:40 AM |
The constitution of the islamic republic of pakistan, 1973[1] | IMTIAZ AHMAD KHAN | Constitutional Law | 0 | Thursday, February 14, 2013 05:40 PM |
A History of the New Year | Sureshlasi | General Knowledge, Quizzes, IQ Tests | 0 | Sunday, December 30, 2007 05:13 PM |
indo-pak relations | atifch | Current Affairs | 0 | Monday, December 11, 2006 09:01 PM |