Question

Which of the following points critically appraise the development strategies of Pakistan? 

Options

• Mixed Economy

• Import Substitution

• Green Revolution

• All of the above

Answer 1

All of the above

Explanation:

Pakistan's development strategies are summarised below:

• Economic Mixture Pakistan has a mixed economy, which means the public and private sectors coexist.
• Substitution of Imports In the late 1950s and 1960s, Pakistan established a regulatory policy framework for import industrialization. The strategy included tariff protection for consumer products manufacturers as well as direct import limits on competitor imports.
• Revolutionary Green: This was implemented to boost production and food self-sufficiency. This boosted food grain production. This has drastically altered the agrarian structure. Nationalization of capital goods occurred in the 1970s. When the private sector was encouraged in the 1970s and 1980s, Pakistan's policy focus evolved.