Open AccessIndustrial Growth and Export Expansion: The Case of West Pakistan
Author(s) -
Ishrat Husain
Publication year - 1974
Publication title -
pakistan development review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.154
H-Index - 26
ISSN - 0030-9729
DOI - 10.30541/v13i3pp.308-324
Subject(s) - manufacturing sector , distribution (mathematics) , product (mathematics) , agricultural economics , economics , secondary sector of the economy , business , scale (ratio) , gross domestic product , tertiary sector of the economy , economy , international economics , economic growth , geography , mathematics , mathematical analysis , geometry , cartography
Large scale manufacturing has been the fastest growing sectorin the economic development of Pakistan during the last two decades.Starting from almost a scratch, this sector has been able to showspectacular performance in terms of rate of growth. The overall annualgrowth rate in West Pakistan during 1960-68 was 11.4%, well in excess ofthe target rate of 7.0% laid in the Second and Third Five Year Plans.The share of manufacturing in the Gross Provincial Product (GPP) of WestPakistan rose from 12.3% in 1960 to 16% in 1968. Not only has the shareof this sector risen in the GPP but major structural transformationshave also taken place within the sector. Consumer goods industries whichcontributed about 76% of the total output in 1954 are no-longer asimportant and accounted for only 57 % of the total output in 1968. Thedistribution of the fixed assets has also moved in the same direction asoutput during this period.