Five Years Plans Of Pakistan

A Lecture ByMr.Allah Dad Khan Visiting ProfessorThe University Of

Agriculture Peshawar

The economic development planning began in 1948 when Prime minister Liaquat Ali Khan presented the first Five-Year plans at theparliament of Pakistan on 8 July 1948. The first plan was conceived by the Ministry of Finance (MoF), and were studied and developed by theEconomic Coordination Committee (ECC) based on the theory of Cost-of-production value, and also covered the areas of Trickle-down system. As part of this programme, the State Bank of Pakistan was established to give a kick start to banking services in the country.Quickly, the major economical infrastructure was expanded and the gap was filled by hiring as the government revenue began to rise.[war with India, following the devaluation of Pound Sterling— the currency of United Kingdom, led the deadlock of India-Pakistan trade which was caused by Indian refusal to recognition of country'scurrency in 1949

First Five-Year Plans (1955-60)

لیاقت خان علی

After the assassination of Liaqat Ali Khan in October 1951. More ever, the efforts were failed to continuing the programme which was initially unsystematic, partially due to inadequate staff officers and lack of ambitions. In 1953, the programme collapsed when the shortages of clothes, medicines and other essential consumer goods arose; there was also a serious food shortage as a result of a sharp fall in the production of foodgrains in 1951-52 and 1952-53 due to monsoon floods.Prime minister Khawaja Nazimuddin was forced to end the programme after sending his request to provide economical assistance from the United States and other friendly counties

First Five-Year Plans (1955-60)

ناظم خواجالدین

খাজা নাজিজমুদ্দীন

The second five-year plans gave highest priority to heavy industrial development, advancement in literature and science, and had single underlying purpose: "to advance the country as far as possible, within the next five years, along the road of these long-range objectives.".Further improvements were made in railways, communications, and transportation.More attention was given toprivate-sector industrial development and agricultural industries; the second give-year plans aimed to increase the national income by 20%. The unemployment was tackled with the industrialisation of the country, and overall major industrial development was carried out in West Pakistan while few in East.

Second Five-Year Plans (1960-1965)

ایوب خان

The Second Five-Year Plan surpassed its major goals when all sectors showed substantial growth which also encouraged private entrepreneurs to participate in those activities in which a great deal of profit could be made, while the government acted in those sectors of the economy where private business was reluctant to operate.

Second Five-Year Plans (1960-1965)

After the 1965 Indo-Pakistani War over Kashmir rthe level of foreign assistance declined and economic constraints were imposed on Pakistan. The third five-year plan was designed along the lines of its immediate predecessor, produced only modest growth. The country had become urbanised by 1970 and only 10% population lived in rural areas as compared to 1950. The third five-year plans promoted the activities of private sector investment and tend to increase the directly productive investment for the stable Financial sector development

Third Five Year Plans (1965-1970)

Although the third programme successfully ran for the first three years of the Third Five-Year Plan, but at the end, the third programme proved to be even more of a disappointment in terms of proclaimed production goals.The performance of the third programme was undeniable that led the economical disaster in the country. Dramatically, the agriculture growth sharply declined and desperately devastated the farming class of the country.

Third Five Year Plans (1965-1970)

The fourth five-year plans were 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 which featured an intense level of government-ownership management on private entities. Only scientific aspects of fourth five-year plans were adopted in a view to turn Pakistan into a major "scientific superpower" in the world

Fourth Five Year Plans (1970-1975)

The Zia government accorded more importance to planning. The Fifth Five-Year Plan (1978–83) was an attempt to stabilise the economy and improve the standard of living of the poorest segment of the population. Increased defense expenditures and a flood of refugees to Pakistan after the Soviet invasion of Afghanistanin December 1979, as well as the sharp increase in international oil prices in 1979-80, drew resources away from planned investments (see Pakistan Becomes a Frontline State, ch. 5). Nevertheless, some of the plan's goals were attained. Many of the controls on industry were liberalised or abolished, thebalance of payments deficit was kept under control, and Pakistan became self-sufficient in all basic foodstuffs with the exception of edible oils. Yet the plan failed to stimulate substantial private industrial investment and to raise significantly the expenditure on rural infrastructure development.

Fifth Five-Year Plans (1978-1983)

The sixth five-year plans represented a significant shift toward the private sector. It was designed to tackle some of the major problems of the economy: low investment and savings ratios; low agricultural productivity; heavy reliance on imported energy; and low spending on health and education. The economy grew at the targeted average of 6.5% during the plan period and have exceeded the target if it had not been for severe droughts in 1986 and 1987.

Sixth Five-Year Plan (1983-88)

The seventh plans provided for total public-sector spending of Rs350 billion. Of this total, 36.5% was designated for energy, 18% for transportation and communications, 9% for water, 8% for physical infrastructure and housing, 7% for education, 5% for industry and minerals, 4% for health, and 11% for other sectors. The plan gave much greater emphasis than before to private investment in all sectors of the economy. Total planned private investment was Rs292 billion, and the private-to- public ratio of investment was expected to rise from 42:58 in FY 1988 to 48:52 in FY 1993. It was also intended that public-sector corporations finance most of their own investment programmes through profits and borrowing.

In August 1991, the government established a working group on private investment for the Eighth Five-Year Plan (1993–98)

Seventh Five-Year Plan (1988-93)

This group, which included leading industrialists, presidents of chambers of commerce, and senior civil servants, submitted its report in late 1992. However, in early 1994, the eighth plan had not yet been announced, mainly because the successive changes of government in 1993 forced ministers to focus on short-term issues. Instead, economic policy for FY 1994 was being guided by an annual plan.

Eight Five Year Plans (1993-98)

The Ninth Five Year Plan is being envisaged, and is to be launched at a juncture, when a virtual consensus has developed in favour of the market mechanism as a fundamental tool to achieve efficient resource allocation across sectors, agents and regions. This consensus has roots in the general disillusionment with Plan outcomes involving a substantial role of the public sector, both nationally and globally.

The growth strategy for the Ninth Plan is predicated on improvements in the macro economic environment resulting from the policy reforms initiated in recent years as part of the process of structural adjustment. These have already yielded some tangible results. The fiscal deficit has been brought down from over 7 per cent to 5 per cent of the GDP.

Pervez Musharraf 10th President of Pakistan 20th June 2001 -18th August 2008

Ninth Five Year Plan 1998-2003

Zk Jamali 13th, served 2002–2004Shaukat Aziz 2004-2007

Ten Year Perspective Plan 2001-2011

Yousaf Raza Gilani 16th 2008-2012

Raja Pervaiz Ashraf 17th 2012-13

Ten Year Perspective Plan 2001-2011

The main focus of the Five-Year Plan (2010-15) was on increasing investment in education and health and to improve living standards. The Plan had also promised to usher in an era of development in parts of the country that had remained underdeveloped thus far.

Tenth Five Year Plan 2010-15