Economic Indicatiors Under Ayub Khan

The period from 1958 to 1969 during which President Ayub ruled and Mr. Shoaib served as Finance attend for most of these years is considered as the golden era of Pakistans economic history. The period had strong macro economic centering and the economic indicators were extremely impressive. Agriculture grew at a brawny 4 percentage 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 real strong on all fronts.

Structural changes that took place under(a) the ste contenddship of Mr. Shoaib laid 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 combined manufactured exports of the Philippines, 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; (b) out-of-door environment; (c) Strategy and policy framework; (d) Administration content; (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 fly of Pakistan separated by 1,000 miles of Indian territory were quite backward.
Delivered as the 19th Shoaib Memorial Lecture organized by the play of Cost and Management Accountants at Karachi on August 18, 2009
away 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 deport in the post 1965 period....If you want to get a secure essay, order it on our website: Orderessay



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