Key Issues in Industrial Growth in Pakistan
Keywords:
GDP, Pakistan, industrial growth, manufacturing sectorAbstract
The author here looks at problems in the manufacturing sector. One macro enigma is that while growth had recently risen to 8%, investment levels as a ratio of GDP seem to have fallen. One reason for this is the re-evaluation upwards of the GDP. But the same issue emerges in manufacturing with very high growth rates coinciding with falling investment levels. The declining investment levels could be due to a number of factors including high production costs, transaction costs, policy continuity risks, skills and wages and changes in the demand structure.
References
Government of Pakistan, 1997, 50 Years of Pakistan in Statistics (1947-97) Volume I Summary, Federal Bureau of Statistics.
Government of Pakistan, Census of Manufacturing Industries, Various Issues, Federal Bureau of Statistics, Islamabad.
Government of Pakistan, 2005, The Medium Term Development Framework: 2005-10, Planning Commission, Islamabad.
Kemal, A. R., Muslehuddin and Usman Qadir, 2002, Global Research Project: Pakistan Country Report Presented at GRP Workshop in
Dhaka.
Kemal, A. R., Z. Mahmood, A, M. Ahmad, 1994, Structure of Protection, Efficiency, and Profitability, Vol. 1.
Khan, A., 1964, Import Substitution, Export Expansion and Consumption Liberalisation, Pakistan Development Review, Autumn.
Lewis, S., 1970, Pakistan: Industrialization and Trade Policies, Paris: OECD.
World Bank, 2003, Improving the Investment Climate in Pakistan, 2003.
