Economic Indicatiors Under Ayub Khan

The period from 1958 to 1969 during which President Ayub ruled and Mr. Shoaib served as Finance assist for most of these years is considered as the golden era of Pakistans frugal history. The period had strong macro economic catch and the economic indicators were extremely impressive. Agriculture grew at a herculean 4 shareage while remarkable rates were achieved in manufacturing (9 percent) and trade (7 percent) GNP growth rates exceeded 6 percent on average throughout the period. Economic growth was trustworthy strong on all fronts. Structural changes that took place under(a) the ste contenddship of Mr. Shoaib displace the foundation for Pakistans subsequent economic performance. Manufacturing sphere which was quite nascent increased to nearly 15 percent of DGP. Pakistans economic model was considered a benchmark for the ontogeny countries. By the end of the decade, Pakistans manufactured exports wee high than the unite manufactured exports of the Ph ilippines, Thailand, Malaysia and Indonesia. It is purely a matter of system as to where Pakistan would have stood today in terms of per capita incomes if it had act the economic policies of 1960s.

A countrys economic outcomes see upon a host of factors (a) Initial resource natural endowment fund; (b) open-air(prenominal) environment; (c) Strategy and policy framework; (d) Administration satiate; (e) Political stability. Pakistan inherited a weak resource endowment as the part that constituted India was relatively advanced in terms of natural, human and physical resources while the two tent-fly of Pakistan separated by 1,00 0 miles of Indian territory were quite back ! struggled. Delivered as the 19th Shoaib Memorial Lecture organized by the mould of Cost and Management Accountants at Karachi on August 18, 2009 away(predicate) environment facing Pakistan in the decade of the 1960s was mixed. The war of 1965, however, caused immense economic damage to Pakistan and foreign aid flows did support in the post 1965 period....If you want to get a true(p) essay, order it on our website: BestEssayCheap.com

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