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National Management College Mid Career Management Wing, Lahore. Event: 8 th Mid Career Management Course Target Audience: BPS – 18 Officers Topic: Pakistan’s Economy Since Independence in the Domestic, Regional and Global Economic Context Speaker: Prof. Dr. Khawaja Amjad Saeed
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National Management CollegeMid Career Management Wing, Lahore Event: 8th Mid Career Management Course Target Audience: BPS – 18 Officers Topic: Pakistan’s Economy Since Independence in the Domestic, Regional and Global Economic Context Speaker: Prof. Dr. Khawaja Amjad Saeed Professor Emeritus & Principal, Hailey College of Banking & Finance, University of the Punjab, Lahore. Email: kamjadsaeed@yahoo.com Venue: Executive Development Institute Hall, (DMG) Campus, Lahore Date and Time: March 18, 2010 From: 8. 30 am To 10.30 am
A: Logistics to Economic DevelopmentB: Economic History of Pakistan - A historical Rundown C: Way Forward
1940s • 1950s • 1960s • 1970s • 1980s • 1990s • 2000s
1:1940s(a) Pre 1947 1. Quaid-e-Azam’s Vision - Development - Security - Participation 2. Allama Iqbal - Poverty Alleviation - Land Reforms - Austerity - All round Economic Development 3.Emergence of Pakistan - Choudhary Muhammad Ali - Chapter on Adm & Financial aspects
(b) Post 1947 1. Economic System - SBP inaugural speech: July 01, 1948 2. Main Points - Western Economic System - Islamic Economic System Based on Quran & Sunnah 3. Labour Policy Guidelines - Bhawani Textile Mill - September 1947 - Contentment of Labour - Housing - Fair Dealings
2:1950s 1. Initial Years 2. In Search of Constitution 3. First 5 Year Plan - Zahid Hussain - Grass root approach 4. First Labour Policy - Mr.Malik - Rudimentary 5. 1958: Military Take Over
3:1960s 1. Second 5 Year Plan - Model - Economic Freedom - Monopolies - GDP – 8.3% - Economic Performer - Industrialization - Agrarian Break Through 2. Problems - Gap “Haves” & “Have Notes” - Disparities - East & West - Industrialists Workers 3. Third 5 Year Plan - Affected by1965 war - Preface by President 4. Fouth 5 Year Plan - Scrapped
4:1970s - Nationalizations - 1972-32 Industries - Insurance - Others - 1974-Banks - Preparation - Managerial - Ownership - Control - BoM - First 5 Year Plan 1973-78 - July 5, 1977 - Indifference to Internal Economic Development - Economic Aspects 1973 Constitution of Pakistan Article 38
4:1980s 1980-88 - Denationalization - No War - Short Stay: 1988………
6:1990s - Three Ds - Deregulation - Disinvestment - Decentralization - Changing Govts - 1998…Military Takeover - No 9th 5 Year Plan July 01, 1998…………
7:2000s 2001-2008 - GDP 5.7% - Uncertainties Less - Oil Price - Inflation - Stock Market – Plus - Rupee Stable - Fortunes Fluctuating - Not Sustainable – Growth - FX Reserves - Post 9/11 Benefits
2008….. - FX rate Rs 61 to Rs 86% - Back to IMF - Lower GDP - Inflation – high - Infrastructure – Services Problems - Remittances – Plus - Emphasis on 9 Points
1. FDI./Expatriates role 2. Breakthrough approach 3. Wealth abroad 4. Stock Markets 5. Parliament Role 6. Accountability 7. Sectoral Development • Employment Budget • HRD 10. Innovation 11. Future Strategy