Economics Of Pakistan notes /What can be the role of Govt to promote industrial development in Pakistan?
Question What can be the role of Govt to promote industrial development in Pakistan? The following steps have been taken by the Govt of Pakistan to develop industries in Pakistan 1. Pakistan industrial development corporation PIDC was established in 1952.The basic object of the Co rporation was to complete those projects with the help of government where either private enterpreneur was not increased due to low rate of profit or heavy amount of investment. 2. Industrial Development Of Pakistan Industrial Finance Corporation was established in 1949 to provide financial assistance to industrial sector.In 1961,it was merged with IDBP.The bank provide credit facility in home and foreign currencies. 4.Establishment Of Industrial Estates Industrial estates in have been established in different parts of the country by Govt of Pakistan for industrial development.Many of these problems are solved through these estates. 5.Scientific and Industria