The Research Of Pakistan’s Economic Development During The Reign OfZia-ul-Haq

Pakistan is a friendly neighbor and important economic partner of China,the healthy development of Pakistan’s economy is conducive to the further development of China’s economy,therefore, it is worth to study the situation of Pakistan’s economic development. In the history of Pakistan’s economy,when Zia-ul-Haq ruled, is a very important period. During the reign of Zia-ul-Haq,it has introduced a series of liberal economic policies,on the side of agriculture, implemented rural development planning,on the side of industry, carried out the industrial polices of non-nationalization and encouraged private sector to develop.The development of Pakistan’s economy has stepped into a ten-year development path of relatively rapid and stable by implementing these policies.This thesis is divided into three chapters in the structure.The first chapter introduces the background and significance of topic selection, and reviews the related literature include international and domestic. and then points out the innovation and shortcoming of this paper.The second chapter is about the situation of Pakistan’s economic development in the period of 1947--1977 before Zia-ul-Haq ruled. In this period, the development of Pakistan’s economy has gone through three different period, respectively are "stagnant period","golden period","wandering period".The third chapter is the focus of this paper, is about the situation of Pakistan’s economic development when Zia-ul-Haq ruled.On the side of policies and measures,carried out the "Fifth Five Year Plan"and the "Fifth Sixth Year Plan",rural development plan,the strategic target of twelve-year agricultural development,implemented the policies of supporting the price of agricultural products and restructuring the sales market of agricultural products,the Junejo’s "Five -Points Plan",and also implemented the industrial policies of non-nationalization and encouraging private sector development, putted the trade policies of exported-oriented and easing of import restriction into practice.In terms of the achievement of economic development,on the side of agriculture,throughout the1980s,the agriculture got a average annual growth of 5.4%,achieved self-sufficient food production in 1980,cotton obtained a great of development;on the side of industry,the iron and steel plant went into operation in 1985;in 1977-1986, Pakistan’s manufacturing industry got a average annual growth of 9.5%,the investment of large and medium-sized industries got a average annual growth of 18.2%,the investment of private industries got a average annual growth of 15.6%.Problems is that the increasing of the fiscal deficit ration and the enlarging scale of foreign debt, Pakistan’s industries are not enough diversity,the production efficiency of public enterprise is low,also is low for agricultural productivity.Finally,to sum up the situation of Pakistan’s economic development in the region of Zia-ul-Haq. Although there are some deficiencies of the Pakistan’s economic policies, the most important is the achievements has achieved,relatively,the development of Pakistan’s economy is better than many developing countries at that time.