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Essay Details:
Essay text:
Many
of the issues in the industrial sector today have their roots
in policies adopted many years ago; so much so, that some
analysts and experts blame the problems of today on key
decisions of yesteryear.
8.1 Numbers and Trends in
Industry
The phenomenal growth rate experienced in the industrial
sector in Pakistan in the early 1950s took place, from an
almost non-existent base, where the growth rate of the
industrial sector was doubling itself every few years. The
extraordinary growth rates of over 20 per cent between
1950 and 1955 in large-scale manufacturing were achieved
primarily because very little existed to start with and, hence,
any investment and production, no matter how little, would
register impressive gains...
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