FIVE YEAR DEVELOPMENTAL PLANNING OF PAKISTAN SINCE 1955 - 60
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The first five-year development plan of Pakistan from 1955-1960 had ambitious goals but faced challenges in its implementation. The plan aimed to raise income, create jobs, increase production, and improve living standards. However, it lacked approval and support from the government for over a year. Financial resources also fell short. While some targets were met, including a 13% increase in national income, others like unemployment, exports, and literacy declined. The plan experienced difficulties with coordination, delays, and shortages that hindered full achievement of its objectives.
FIVE YEAR DEVELOPMENTAL PLANNING OF PAKISTAN SINCE 1955 - 60
- 2. PAKISTAN DEVELOPMENT PLAN SINCE 1955-60
- 3. Tahseen ullah - 01 UNIVERSITY AWKUM
- 4. FIRST FIVE YEAR PLAN (1955-1960) An Erratic Beginning to planned Development
- 5. •The Five year plan was conceived by the Ministry of Finance (MOF). •studied and developed by the Economic Coordination Committee. (ECC). • Fulfillment and supervision by civil berocercy of the country.
- 6. FIRST FIVE YEAR PLAN (1955-1960) First draft of this plan was developed in 1956, but due to lack of administrative and professional staff this draft could not be published. It was revised in late 1956 and published in May 1958.
- 7. Size of Plan The size of plan was Rs.11, 500 Million which was revised to Rs.10, 800 Million. It was decided to invest Rs.7, 500 Million in public sectors and Rs.3, 300 Million in Private sector. Rs.66, 000 Million were decided to finance by internal sources and Rs.42,000 Million by external sources
- 8. Objectives •To raise national income and per capita income. •Creation of employment opportunities. •Increase production in agriculture and industrial sectors. •Reduction in regional disparities. •Improvement of living standard. •Increase economic development.
- 9. Priority In first five year plan highest priority was given to the agriculture sector and the industrial sector.
- 10. . Targets • Increase in national income by 15%. • Increase in population by 7%. • Increase in Balance of payment by 15%. • 60% increase in production of industrial sector. • Rehabilitation and renovation of Railway. • Increase in savings from 5 to 7 %. • 1 Million Additional children to be admitted to primary schools, and 144000 to be put in secondary schools.
- 11. Achievements • National income increased to 13% • Unemployment situation worsened • 5.6% fall in export index • Industrial production increased by 42.36% • 400 thousand children actually admitted to primary schools and 195 thousand in secondary schools. • Literacy rate declined from 18% to 15%
- 12. Critical overview • The plan did not receive formal approval from government until 1957 and never received full support from government. • Planning machinery was not effective. It failed to highlight the importance of 5 year planning to the government as well as public. • Financial resources available for development fell short of expectations. • The most disappointing feature of plan was the failure in the key agriculture sector. • No definite weight age was given to the objective of plan. • Education priorities were distorted in favor of higher education. • Performance was less encouraging in transport sector.
- 13. Conclusion • It is true that most of the targets laid down were not fully achieved in the plan period. • Many projects took longer time to complete than was expected. • There was lack of coordination between the government agencies. • There was also shortage of equipment material and key personnel for the successful implementation of the plan.