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Article: The role of small-scale industry in Pakistan's economy and government incentives.(TRADE, INDUSTRY AND DEVELOPMENT)(Report)
- Article from:
- Pakistan Development Review
- Article date:
- December 22, 1986
- Author:
CopyrightCOPYRIGHT 1986 Reproduced with permission of the Publications Division, Pakistan Institute of Development Economies, Islamabad, Pakistan. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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INTRODUCTION
Despite the recognition of the importance of small-scale industry, the Government of Pakistan's industrial policy has been biased in the past towards the large-scale manufacturing sector. The First Five Year Plan (1955-60) document states the significance of small-scale industry in the following words.
Small industry has specific contributions to make to economic
development. In the first place, it can contribute to the output of
needed goods without requiring the organization of large new
enterprises or the use of much foreign exchange to finance the
import of new equipment. Secondly, it can provide opportunities for
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