When did Pakistan start planning its development strategy?

The economic development planning began in 1948 when Prime minister Liaquat Ali Khan presented the first Five-Year plans at the parliament of Pakistan on 8 July 1948.

What is development planning in Pakistan?

Pakistan’s economic development planning began in 1948. By 1950 a six-year plan had been drafted to guide government investment in developing the infrastructure. The Second Five-Year Plan (1960-65) surpassed its major goals when all sectors showed substantial growth.

How many plans were prepared for Pakistan?

Altogether, there were eight five-year plans (starting 1950 till 1999) and were replaced with the more effective programme, the Medium Term Development Framework (MTDF) under Prime Minister Shaukat Aziz (office: 2004–2007).

Which is the current Five Year Development plan of Pakistan?

The 11th Five Year Plan (2013-2018) is being issued at a time when Pakistan is facing multiple challenges on the economic, security, and development fronts. These provide compelling reasons to make fundamental changes in the growth and development paths treaded in the past.

When was the first Five Year Plan started?

1951
The first Five-year Plan was launched in 1951 and two subsequent five-year plans were formulated till 1965, when there was a break because of the Indo-Pakistan Conflict.

Why did the Five Year Plan start?

First Plan (1951–1956) The First Five-year Plan was launched in 1951 which mainly focused in the development of the primary sector. The motto of first five years plan was ‘ Development of agriculture’ and the aim was to solve different problems that formed due to the partition of the nation, second world war.

What do you mean by development planning?

Basically development planning refers to the strategic measurable goals that a person, organization or community plans to meet within a certain amount of time. Usually the development plan includes time-based benchmarks.

When did the first Five Year Plan begin and end?

7.2. 4 The first Five-year Plan was launched in 1951 and two subsequent five-year plans were formulated till 1965, when there was a break because of the Indo-Pakistan Conflict.

Which Five Year Plan was most successful?

Military Five-Year Plans became coterminous with Planning Commission’s plans from this plan onwards. The Sixth Five-Year Plan was a great success to the Indian economy. The target growth rate was 5.2% and the actual growth rate was 5.7%.

Why was the five year plan introduced?

Joseph Stalin, in 1928, launched the first Five-Year Plan; it was designed to industrialize the USSR in the shortest possible time and, in the process, to expedite the collectivization of farms.

Who introduced five year plans?

Jawaharlal Nehru
Jawaharlal Nehru, India’s first Prime Minister, saw “Five Year Plans” (FYPs) as vital to the implementation of his vision of a modernised and socialist India. First introduced in 1951, FYPs comprised economic and social programmes that were centrally designed, executed and evaluated by the Planning Commission of India.