Question Describe the Importance of Industrial Sector in Pakistan? Introduction Industrialization plays a vital role in the economic development of the country of an underdeveloped country.The historical facts reveal that all the developed countries of the world broke the vicious circle of the underdevelopment by industrialization.Pakistan being a developing country also wants to achieve higher standard of living for its masses.It has ,therefore,embarked upon various programs of industrialization.The policies of privatization,deregulation and liberalization of the economy are being pursued.The role of Industrialization in economic development is summed as follows 1.Increase in National Income Industrialization makes possible the best utilization of the limited resources of the country.It helps in increasing the quantity and quality of various kinds of manufactured goods and thus makes larger contribution to gross national product. 2.High Standar...