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PRESENTATION ON

EIGHTH DEVELOPMENT PLAN OF


PAKISTAN (1993 TO 1998)
Presented by:
Group A

Group Members
Muhammad Raziq
Naeem Ullah
Junaid Sherazi
Noor Hussain Shah
Mansoor Ahmad

CONTENTS
Approval
Size
Primary objectives
Balances
Objectives

Strategy
Targets
Achievements
Constrains
conclusion

The Eighth Five Year Plan was developed by the Economic


Coordination Committee (ECC) & approved by the National
Economic Council (NEC) on May 31, 1994 in the Govt of Benazir
Bhutto.

Size of Plan:
On 1992-93 prices, the size of the plan was Rs. 1701 billion
while its size goes to Rs. 2092 billion on 1993-94 prices.
Primary Aim of the Plan:
Sustained economic growth
Macroeconomic stability
Equity and justice.

AIM TO ACHIEVE 5 BASIC BALANCES

Public & private sectors


Inter & intra sectoral balances
New investment & use of existing capital stock
Project preparation & implementation
Committed & available resources.

OBJECTIVE OF THE PLAN


To attain 7% p.a. growth in GDP (including 4.9%
in agriculture and 9.9% in manufacturing sector)
Encourage participation of people in development
process
Generate additional employment opportunities

Reduce poverty
Self-reliance, particularly in food, energy, public
finance and external balance
Conserve natural resources and ensuring protection
of environment
Promote good governance
Ensure macroeconomic stability and discipline

STRATEGY FOR THE PLAN


Focus on ensuring and strengthening individual
initiative, private enterprise and market
mechanism
Public sector development programs
Privatization
Tax collection

Employment will be promoted by expanding


productive revenues
Reduction of poverty by providing equal
opportunities to the society
Encourage High levels of saving and investment

Self-reliance will be promoted


Expanding exports and foreign exchange earnings
Self-sufficiency in the production of food grains,
and utilization of indigenous source of energy and
fuels
Local technologies development

TARGET OF PLAN
Economic:
To attain 7% p.a. growth in GDP
The agriculture growth rate at 4.9%. Wheat production to
grow by 22%, cotton production to grow by 61% and rice
production to grow by 31%.
Industrial growth rate at 9.9%.
Fertilizers production to grow by 60%,
Cement production to grow by 54%,
Sugar to grow by 54%,
Petroleum products to grow by 50%

Social, Education, Health & Environment


Reduce poverty
Increase literacy rate to 50% from 34%
New Schools, hospitals & Basic Health Units
Reduce Population growth rate to 2.7% from 3.1%
Increase in forestry by 4%
Pollution reduction

Infrastructure:

Indus Highway
Lahore-Islamabad Motorway
Makran Coastal Highway
Gawadar port
Water supply for irrigation to71% from 47%.

Power:
Increase in oil & Gas exploration up to 38%,
Ghazi Barotha Hyderl Power Project
Hub Power Project

ACHIEVEMENTS
During 1993-94 reinforcement of privatization
policies, deregulation and market friendly
environment
Public-private partnership
Manufacturing during 1995-1996 grew 4.8%. That
was previously 2.9% in 1994-1995.

The large scale manufacturing grew by 3.13%


during 1995-96
Health reforms
Infrastructure
(Motorway, Makran coastal highway)

CAUSES OF FAILURE OF THE PLAN

Un-stable political condition


Budget deficit
Low fiscal revenue
High rate of imports than exports
Low growth rate of manufacturing sector (1.8%,
previously was 4.4%)
Underutilization of resources & poor policies
Nuclear exposure and foreigner resistance

CONCLUSION
The plan was collapse due to the nonimplementation of strategies and policies.
No specific target was chase except fewer
No accurate data of population and resources
Political un-stability broke the consistency chain.