Critical Review Of Past Literature On Industrial Development In Pakistan
Volume 1 - Issue 4, October 2017 Edition
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Author(s)
Naushad Khan, Abdullah
Keywords
Critical Review, Industrial Development, Past Literature, Pakistan
Abstract
The study was carried out in Pakistan since 20th, June, 2017. The major objective of the study was to critical review past literature on industrial development in Pakistan. Total 18 studies were selected purposively and were downloaded from the net and reviewed thoroughly 20 times for analysis. The review concluded that industrial development play key role in development of Pakistan and without industrialization the development of Pakistan is impossible. The industries generate employment and solve the problems of unemployment and improve the income level of individuals in the countries which further improve standard living of the country and GDP of Pakistan while smooth industrialization required good character, peace, sufficient finance, favourable environment, developed institutions for enhancement of industrial development. During review so many problems were viewed, which become hurdle and bottle necks for industrial development in Pakistan, such as tax, un-proper marketing, demand for products, smuggling and finance etc. On the basis of problems the study recommend that sufficient funds for industrialization is required; Free tax based policy for industrialization should be initiated by government; Sufficient finance by bank to industrialist is facilitated; Smuggling control is requested for safety of local industries ; Skill labours provision by government is facilitated; local labours availability is highly needed; Peace and security is requested by government; Raw material availability is highly required for smoothly industrial development; Foreign investors incentive policy should be arranged for industrial development in Pakistan by government.
References
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