Matric Notes Class IX Pakistan Studies Industrial Progress of Pakistan and Backwardness of Industry in Pakistan
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Industry
Industry is such a place where the entrepreneur and labour through the machines and tools convert the shape of capital raw material and natural resources in such way that their utility may increase to fulfill the needs of the people to a large extent and may fetch maximum price in the market.
Factors of Industrial Progress
In Pakistan the ratio of industrial progress was 7.6% during the year 2000-2002 which is much lower in the world. Following are the factors of Industrial progress.
(I) Increase National Income
Industrial progress increases the national income.
(II) Raising Living Standard
Raises the living standard of the people.
(III) Economic Stability
Creates economic Stability.
(IV) Balance of Payment
Improved the balance of payments of the country.
(V) Increases Exports
Promotes exports and earns foreign exchange.
(VI) Progress of other Sectors
Promotes the progress of other sectors.
(VII) Employment Opportunities of Employment
Provides opportunities of employment.
(VIII) Specializations
Encourages specialization in the country.
(IX) Progress of Agriculture
Help in the progress of agriculture.
(X) Provides New Things
Provides new thing to the people
Backwardness of Industry in Pakistan
Causes of Backwardness of Industry in Pakistan
Following are the causes of the lack of industrial progress in Pakistan.
(I) Industrial Policies of Different Governments
When new government takes over it disposes of all policies of previous government. Due to this our country faces great problems and causes lack of progress.
(II) Decrease in the Capital
Every industry wants a large number of capitals but due to lack of capital industry will not progress.
(III) Limited Markets
Limited markets are also the cause of lack of industrial progress.
(IV) Decreases in the Productive Capabilities of the Labour
When labour will works hard then any industry makes progress and production will also improve and increase. If labour will not work then industry will deteriorate.
(V) Lack of Means of Transportation and Communication
Communication plays an important and vital role in industry’s progress. If communication system is in disorder then our product is out of order. That’s why lack of communication and transportation also causes the industry failure.
(VI) Expensive Means
Expensive means of transportation and communication.
(VII) Lack of Technical Knowledge
If workers are not technical minded then our industry will not progress. Lack of our technical workers is the downfall of our industries.
(VIII) Shortage of Entrepreneurs
Because of shortage of entrepreneurs industry will not progress.
(IX) Lack of Education
Lack of political coordination and political stability is the cause of industry’s failure.
X) Non-Availability of Electricity
Non-Availability of Electricity in many regions.
(XI) Common Load Shedding
Electricity plays an important role in Pakistan’s progress. Pakistan is not self sufficient in electricity that’s why common load shedding also causes failure in industry’s progress.
(XII) Economic Restrictions Imposed by Other Countries
An economic restriction imposed by other countries also causes failure of industry’s progress.
(XIII) Lack of Effective Exploration of the World Market
Lack of effective exploration of the world market also causes failure of industry’s progress.
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