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    Analysis of 3rd Five Year Plan(1965-1970)

    Economy of Pakistan

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    Analysis of 3rd Five Year Plan(1965-1970)

    Economy of Pakistan

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    IN THE NAME OF

    ALLAH

    THE MOST BENEFICIENT

    THE MOST MERCIFUL

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    If you want the the prosperity of 1 year thengrow grains,

    If you want the the prosperity of 10 year then grow

    trees,

    If you want the the prosperity of 100 year then

    grow people..

    (chinese proverb )

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    Dedicated to

    Prof. Sheikh Usman

    Yousaf

    For there continuous effort in

    educating us and leading us toright path

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    P resented By:D ilawar khan

    (Mi09Mba044)

    Mohammad Asif Sohail(Mi09Mba012)

    Gohar Azeem(Mi09mba062)

    Usman Shaukat(Mi09mba054)

    Sajjad raza (Mi09mba052)

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    MUHAMMAD USMAN SHAUKAT

    Mi09mba054

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    Outline

    HistorySize of P lanObjectives of P lanStrategyEveluation of 3rd P lan

    Targets of 3rd P lanAchivements of 3rd P lanRecommendationConclusion

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    W hat is a Plan

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    A P lan is a delebrate attempt to spell out how the resources of a country should be put to use.It has some general and specific goals , which are to beachieved within a specific period of time.The general goals of a plan are Growth, Modernization, fullEmployment, Self Reliance and Equity. But all plams may not

    give equal importance to all of them.Each plan can have some specific goals like improvement inagriculture. For example our First Five Year P lan was geared toimproving the state of agriculture and the Second to improve

    Industry.

    What is a P lan

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    History of 3rd Five

    year P lan1965-1970

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    P repared by P lanning Commision of Pakistan in May1965 and approved by NECRevised in 1966 due to

    Indo pak war 1965 Change in climate condition in 1966

    3rd Five year P lan 1965-1970

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    Size of 3rd Five year Plan

    1965-1970

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    Total size P KR 52,000 Millions

    Annual rate of growth targeted to 6.5%Investment in P ublic Sector 30000 MillionInvestment in P rivate Sector 22000 Million

    Finance taken as 68% from internal resources and32% from external Resources

    Size of 3rd Five Year P lan

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    O bjectives of 3rd Five Year Plan

    1965-1970

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    Attain rapid growth in Economy from 5.2% to 6.5%

    Remove desperity of income per head between East & WestPakistanTo provide atlest 5.5 million New Job OppertunitiesTo reduce level of unemployment

    Increase Foreign exchangeTo develop basic industry for manufacturing of producergoodsAcceleration in Agriculture Sector

    To contrle growth of Population

    Objectives of P lan

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    To provide Better housing , education and health

    services.To diminish inequalities in wealth , power andresourcesTo maintain growth of industrial sector

    Objectives of P lan

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    GOHAR AZEEM

    Mi09mba062

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    Strategy of Plan

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    To maintain growth of last 15 years by planning for

    next 20 yearsGreater emphises was given to the AgriculturalSectorP rojected annual increase is 5% in Agriculture, 10%

    in industry, 7.1% in other sectorsIt emphesses laid on heavy industtry and creating aninfrastructure in East PakistanIt must maintain a high margin rate of saving

    Strategy

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    There were Four main elements for mobilizing

    domestic saving i.e Favour the saving sector

    Industrial sector contribution

    Import of capital goods

    Effort to increase Govt fiscal contribution to development

    Strategy

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    There are four main strategies Balance of Payment Strategies Regional Strategies

    Employment Strategies

    Allocation Strategies

    Strategy

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    Main aim is to reduce the need of foreign assistance

    There are three main elements

    Increase exports more then GN P

    Imports of capital goods

    Economize the use of foreign exchange

    Balance of Payment Strategy

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    It implied a greater acceleration in the growth rate of East

    Pakistan as compared to West Pakistan.The disperity of regional per capita income were to be

    removed over the perspective plan period.

    It impose an increase of 40% in the regional income of EastPakistan and 35% for West Pakistan

    This was 30% and 28% respectively in 2 nd Five year plan

    Regional Strategy

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    This plan will provide employment to new generation as well

    as it also provide opertunity to unemployed labour force bystarting different development programs

    It will also start some labour intensive programs

    It will also start training to the labour to equip them and tomake jobs more easy for them

    Employment Strategy

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    26% of total allocation is fix for industry and 1/3 of that is fixfor capital goods

    A careful planning is done for agriculture sector for therephysical inputsAllocation for other sector is decided on there consistancyand efficiency

    Allocation Strategy

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    MOHAMMAD ASIF SOHAIL

    Mi09mba012

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    Yearly D

    evelopmentReport Analysis

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    Pace of industrial growth was slower because of effect of war with India restricted operation of some industries suspension of foreign economic aid consequent reduction in imported industries raw material and spare

    parts diversion of some national resources to defen

    Iin-spite of these problems the industrial growth maintained

    During 1965-66

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    production of manufacturing industries increased by 6% from 201.7 in 1964-65 to214.2 in 1965-66There was significant increase in 65-66 in the production of

    Sugar vegetable ghee Cigarettes jute goods art silk and rayon cloth some varieties of and some organic chemicals like sulphuric acid and chlorine

    gas.However there were declines in the production of cotton, textile, newsprint, straw,and paper board, packing and other paper, tea, sea salt, cement, tyres and tubes,paints, super phosphate and few fertilizer and soda ash.

    During 1965-66

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    The production trend during this year appears to bencouraging with the expectation of chemical and cotton

    textileThe production of minerals increases very slowlyThe index of minerals production rose by 1.5% point from174.5 to 176 during this year.

    It rose by 6.2 points to 182.2 during 66-67.The index is estimated to rise by 9% to 233 in 66-67.

    During 1966-67

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    Investment: A comprehensive industrial investment schedulefor the entire third plane period aimed ensuring fulfillment

    planes investment target of 830 crores. It covered 200 itemsinvolving large medium and small industries the investmentallocation is rupees 1088.53 crores in the private sectors,586.07 crores West Pakistan and 502.46 crores for EastPakistan.Credits: Major allocations during this year from France 16.19million $. USSR 9.67 million $.UK 15.98 million $. WORLDBANK 9.18 million $ and Belgium 4 million $. Total allocationincrease from 89.21 million $ in this year to 121.48 million $.

    During 1966-67

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    Credits: Major allocations during this year from France 16.19million $. USSR 9.67 million $.UK 15.98 million $. WORLD

    BANK 9.18 million $ and Belgium 4 million $. Total allocationincrease from 89.21 million $ in this year to 121.48 million $.

    During 1966-67

    Cou nt ry Credit (milli on $)

    France 16.19

    USSR 9.67UK 15.98

    WORLD BANK 9.18

    Belgium 4

    Total overall alocation 121.48

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    SAJJAD RAZA

    Mi09mba052

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    During 1967-68

    an agreement with the g overnment of Po land to provide theequipment required for the implementation of the projects and itconsists of 2.6 c ror e expenditure.In w este rn Pakistan during this year 143 miles of ne w for est ro adsand bridle paths were constructed and another 150 miles areexpected.This year government had given the attenti on t o devel op ed heav y

    and m or e s op histicated ind u st ries such as engineering, electricalequipment, machine tools and petro chemicals etc.During this year there is increase in the production of tea, salt,cotton cloth and yarn, board, caustic soda, cement and cycle rubbertyres and tubes. The increase in the quantum index of

    manufacturing industries from 100 in 1959- 60 to 201 .7 in 19 64 -65 .

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    During 1968-69

    Growth in 68 -69 w as 7.4% that was previously 7.8%. And in49-50 the share go agriculture was standing 60% which came

    down to 46% in 68-69.This trend towards diversification is also reflected in thepattern of exports and imports the share of primarycommodities, which was 95% of our exports in 1950 to 1951decline to 69% in 64-65 and future to 53% in 67-68 the restbeing accounted for by manufacture and semi manufacture.During 1967-68 and 1968-69 the increase in manufacturingoutput in certain industries was a quite impressive.

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    During 1968-69

    P roduction of sea salt and cigarettes have already exceed thepain target, while the performance of newsprints and

    mechanical paper was 47%, cotton yarn 79.6%, white sugar63.9%, vegetable ghee 68.6%, juice goods 53.4$%.During 1967-68, substantial gains were also recorded bycotton yarn and cloth fertilizes and chemicals, writing andprinting paper etc. production of board and cycle tyres andtubes, however, declined during the year.

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    During 1969-70

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    DILAWAR KHAN

    Mi09mba044

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    Evaluation

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    Perspective P lanning of 20 years (1965-1985) has beenformulated

    Review of 2 nd planDevelopment is committed to make double, then fourth andsixth in future plans through this five year planningReview of 4 th plan

    In 1965 the Indo- Pak war has resulted in shortfall of Public sector development expenditure External aid P lan priorities

    Evaluation

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    Income inequalities widened due to following reasons Certain sectors were there where extension of social controle is

    needed Tex concession was given in early phase of industrialization Development of industrial zones in less developed areas Country is highly depending on foreign aid which is 45% of plan

    expectation

    Evaluation

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    Targets and

    Achivements

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    Balance of Payment Strategy

    Obj ect Ta rget Achievements

    Growth Rate 6.5% per annum 5.7% Per Annum

    Per Capita Income 3.5 % compound AnnualGrowth

    2.9% Compound AnnualGrowth

    Regional Development Removal of inter RegionalDisparities in incomes

    It increased from 36.5% to47.4%

    Foreign Exchange Earningand Gap

    It must reach to Rs. 4800Million and Gap to be Rs.15000 Million

    Foreign Exchange earningreached Rs. 4302 M andGap Rs. 11303 M

    Food Grains Increase from 17596000ton to 21465000 tons

    P roduction exceed plantarget by 1340000 tons

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    Balance of Payment Strategy

    Obj ect Ta rget Achievements

    Cash Crop Increase in production Apart from Sugar Cane andTobacco other targets werenot achieved

    Industry Targets not achieved

    Irrigation 5.74 M Acres new land tobe irrigated20.32 m acre improved

    land

    3.72 m acre

    13.65 m acre

    Installed power capacity Increase from 1300 MW to3030MW

    2593 MW

    Transport andcommunication

    Apart from new Busses,telephone connections andtrucks no other targetachieved

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    Balance of Payment Strategy

    Obj ect Ta rget Achievements

    Health 4200 new doctors, 1800new busses, 12800additional hospital beds

    5852 new doctors, 1670new nurses 3650additional hospital beds

    Education Prima ry :26414 schools5.80 m enrolments

    Seconda ry :

    710 high school toimproveMiddle school

    enrolments 0.90 Millioncollege enrolment

    0.13 ,million

    6062 schools3.19 million

    650 improved

    0.78 Million

    0.14 Million

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    C onclusion

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    The revised total size of the second P lan was fixed at Rs . 5 200 cror es as compared to Rs. 2300 crores in (1960-1965). In this

    P lan there was a great visible investment shift from consumergoods to capital goods industry.If we talk about the achievement of this P lan, theperformance in the industrial sector was also f ar fro msatis f act ory particularly in the large-scale industrial sector.The large -scale ind ust rial sect or exhibited a growth rate of 10 % as against 13 % targeted in the P lan. The ind ust rial sect or as a w ho le expanded at an annual growth rate of 7.8%instead of 10 % targeted in the P lan. The small-scale industry

    also performed well.

    Third Five year P lan (1965-70)A P risoner of Extraordinary Events

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    Q uestion and

    Comments

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    Q uestion and

    Comments

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    Q uestion and

    Comments