Early Economic Problems.pptx

7/24/2019 Early Economic Problems.pptx

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BY: RESHIEL FAZAL and ANEEZA

INAYAT

Pakistan Studies

PresentationPAKISTAN ECONOIC

PROBLES!


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Review of Initial problems

Economical Problems

Economically backward areas

Geographical location

Trade and industries

Calcutta

Transportation and communication

Steps taken to solve the problems

Economic development

Industrial development

gricultural development

TABLE OF CONTENTS


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RE"IE# OF INITIAL

PROBLES


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The !ritish and "indus# at last had to surrenderbefore the e$emplary struggle of %uslims&

& The "indus and Congress# however# did not acceptthe partition and emergence of Pakistan from thecore of their heart&

Created problems for newly'born state of Pakistan&&

Indian leaders had accepted the partition in thehope of undoing it soon&

The ()I*'E'+%declared ,Pakistan had come toe$ist forever and it will by the grace of God e$ist

forever-&*ue to these conspiracies and mischieves# by the

congress leaders# Pakistan had to face greatdi.culties &


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ECONOICAL

PROBLES


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"indus and congress adopted every possible

means to stranglePakistan economy&In order to destroy Pakistan/s economic

condition# India denied Pakistan/s e0uitableshare in the 1nancial and military assets

2alse propaganda was made about Pakistan/sviability in economic sector in order to create

doubts among the people about Pakistan/sunstable economiccondition&


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Economically backward

areas


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The 3ewly !orn Pakistan mostly consisted of

those areas which were economically backward

and under developed &

These were mostly producer of raw materialwhich could not be utili4ed locally because

related processing industries were located

elsewhere

The !ritish government had not paid any

attention towards the economic uplift of theseareas

The agriculture system was obsolete andoutdated which added to the economic

backwardnessof the areas of Pakistan


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Geographical 5ocation


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The geographical location of Pakistan tocreated economic problems for Pakistan

Pakistan was divided into twoparts each

located one thousand miles away from eachother with India/s territory lying betweenthem

The two wings of country had no geographicallinks between them


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Trade and Industries


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!efore partition the "indus ac0uired

complete monopoly in trade and commerceThe banks and 1nancial institutions were

established in those areas which were locatedin Indian territory

The ma6or industries were also located in theareas which are now part of India

The technical e$perts and laborerswhooperated the Industries were all "indus

because the %uslims e$tremely lagged behindin education and 1nancial capabilities


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Calcutta


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Pakistan su7ered heavily because of Calcuttabeing awarded to India by Radcli7e

ll ma6or6ute factorieswere located inCalcutta which was produced and cultivated inEast Pakistan

The only Seaport of East Pakistan Chittagongwas not capable of handling e$port of the 6uteto the other countries as yet

Pakistan therefore had no alternative then to

e$port her 6ute to Calcutta or sell it to India atlow price o7ered by her


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Transportation andCommunication


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The inade0uate system of transportation and

communication also made its adverse e7ect oneconomic development of the country

The Railway system and River Transportation inEast Pakistan was in depleted condition

The roads were in shabbyand irreparablecondition

The Communication and Transportation system in8est Pakistan comparatively was in a bettercondition

The power resources in the two wings were scarceand negligible which were insu.cient to meet the3ational re0uirement


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STEPS TAKEN TOSOLVE THE PROBLEMS


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Inspite of the adverse economic position# theGovernment of Pakistan took up the task of

economic development with determination&The (uaid'i'4am immediately set himself to

the stupendous task of re'building theeconomic system of the new country

,"e# therefore# ordered that a State !ank ofPakistan be set up immediately and entrustedthe 6ob of setting up of the bank to %r& +ahid"usain&

The state bank of Pakistan was established on9st6uly 9:;< with a capital of three crores ofrupees&


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Economicdevelopment


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*evelopment !oard was set up in 9:;< whichwas to do planning for industrial development&

It was an advisory body which was to do planningfor industrial development

It was an advisory body which gave e$pert adviceto the Government on Economic *evelopment

the government of India delayed the division of1nancial assets of Pakistan

The (uaid'e'4am immediately asked forsetting up of ,Pakistan 2und-

large number of rich traders and peoplegenerously donated to this fund which enabledthe Government to overcome its economicproblems to a great e$tent&


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Industrialdevelopment


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In 9:;< a concrete policy was devised for the

industrial development of the country with anemphasis on the use of raw material available inthe countryThe electrical # telephone # and wireless

e0uipment industries were nationali4edService conditions and wages schedule for thelabourers were drafted&The planning and control of the industry dealing

in iron# steel# heavy machinery# cement# mineraloil# sugars and tobacco were taken over&Concession in ta$es and lenient policy in creditswere announced


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Ariculturaldevelopment


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griculture development is the backbone ofPakistan/s economy

Eighty percent of Pakistan/s is dependent for theirlivelihood on the agricultural sector&

The agricultural sector provides raw material to anumber of industries&

The agricultural system# therefore # had to be

developed on stable footings

5enient Credit Policy was announced

E7ective steps were taken to control the menace ofwater logging and salinity

griculture Corporation was set up with anob6ective of taking appropriate steps for theagriculture development&


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The Government of pakistan gave its1rst budget in 9:;


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Early Economic Problems.pptx

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