Education

Question Discuss the main problems of cottage or small scale industries in Pakistan? Introduction Everybody recognizes the importance of cottage and small scale industry in Pakistan.The measures taken so far for the expansion of small scale industry have not been successful.From the very little contribution of small scale industry towards GDP,it is evident that there are some hurdles in the way of development of these industries. Following are the problems of small scale industries. 1.Lack of Capital The major problem in the expansion and growth of small scale is the shortage of capital .The artisans and craftsman need working capital to purchase raw material and machinery.They also need money to meet the consumption requirements of the family. 2.High Cost The production cost of the goods produced on small scale is comparatively high in Pakistan.They are ,therefore,not able to compute with the goods manufactured on larger scale in the open market. 3.U...

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...