Slow Industrial Output Growthevidence-Based on Kohat Road Industrial Estate Peshawar-Pakistan (original) (raw)

Pakistan's Next Industrial Revolution: The Case of Industrial Estates in Hazara Region

Journal of Management research, 2022

Objective: This research paper aims to identify the major hurdles in the industrial development of Pakistan. Hazara division being located on China Pakistan Economic Corridor (CPEC) route is one of the important hubs and is, therefore, the universe of this study. Method: The relevant data needed for the research was collected from Abbottabad and Haripur industrial estates using snowball sampling. An in-depth personal interview with seven industrialists in the targeted area was conducted to get an insight into the underlying causes of industrial sickness. Interviews were recorded using smart phones, were then transcribed and analyzed. The themes were deducted after listening to the recording multiple times. Result: The themes we deduced from the interviews were Location Disadvantage and Supply Chain disruptions, Technological backwardness and low-skilled workforce, Complicated System of Taxes, Inefficient and unhelpful governmental policies, power shortage, and Threats from Cheap Chinese Goods. Conclusion: Based on the findings of this research it is concluded that the government needs to revise its policy making it more supportive for industrial development. Concrete power supply policy and preparing skilled laborers will enhance industrial development. Similarly, the industry needs to adopt a proactive policy and introduce a collective solution rather than working individually as a unit. A university-industry collaboration is needed to be developed for ensuring the technical and skilled workforce as well as keeping in pace with the advanced countries.

Public Policies and Sustainability of Industrial Growth in Pakistan

The paper evaluates the effectiveness of public policies on the growth and development of the industries sector of Pakistan. Based on the supporting arguments, it historically reviews the performance of the industrial sector during the last seven decades (from 1951 to 2020), pointing out the flaws in the formulation and implementation of public policies. The components of the industrial structure are required to identify the major obstacles hampering the growth and sustainability of this sector. The components like; industrial power supply, credit facility, technical and vocational education to industrial workers, flexible taxation system, and basic infrastructure facilities are given emphasis here and are thought to be of more importance in the rapid industrial progress in the country. Likewise, the security issue and law and order situation is also of greater importance in giving protection to physical as well as human resources in the overall industrial structure. The paper also suggests

An Empirical Study of the Economic Status of Punjab Concerning India

International Journal of Asian Social Science, 2020

Industrial growth is one of the essential drivers for the economic growth of any economy. In this paper, an attempt made to measure the growth rate of the Punjab industry in India during the period of post-liberalization era-spanning 2003-2004 to 2017-2018. The study measures the magnitude and nature of the relationship among different components such as numbers of factories, fixed capital, investment, and profits, Net Value Added. Growth parameters of the manufacturing sector have used for the study. Econometric models, namely, Unit root test and Granger Causality applied in the existing research for analysis. The study shows that there is a strong positive relationship between the growth of the industry in Punjab and growth in India. Economic Reforms and liberalization process fail to bring significant improvements in the performance of the industry in terms of the factors, namely, number of units, employment, production, and fixed investment in Punjab. Finally, the paper also provided recommendations to boost the development of industries in Punjab. Contribution/ Originality: This study contributes in the existing literature and measures the degree and nature of relationship among different parameters related to the growth of the industry in Punjab and growth in India. The study indicates strong positive relationship exists among the growth of the industry in Punjab and growth in India. 1. INTRODUCTION Manufacturing can be a critical indicator of transforming the economic structure of developing countries. Manufacturing acts as a driving force of economic growth as well as on the development of countries (Andreoni and Upadhyaya, 2014). Every nation has to go through its learning procedure. The learning process blends with industrial policy investigation with oppressive influence analysis to develop evidence-based industrial policy measures of the nation. Unido's Industrial Development report, 2013 correctly frame that the manufacturing sector in a world today is an essential driver for the continuous economic and social development of the developing countries. Figure 1 exhibits midyear estimates produced by UNIDO; the figures have shown that the annual growth of world MVA (Manufacturing Value Added) is likely to be around 3.5 percent in 2017.

Problems Facing the Hayatabad Industrial Estate and their Implications on Policy Formulation

The provinces of Khyber Pakhtunkhwa Province (KPK) and Baluchistan have historically lagged behind other provinces in the race for industrialization because of their geographical disadvantage and the law and order situation prevailing in their regions. Recent figures show that the number of closures and ailing industrial units in KPK has been increasing. Statistics indicate that 55% of firms administered by SIDB 1 and 64% of firms administered by SDA 2 have closed down. In the wake of increase in terrorism activities in KPK and the rampant unemployment, the importance of revival of closed and sick industrial units has further increased. To know the nature and severity of the problems that small industrial units face in KPK, we selected Hayatabad Industrial Estate (HIE), Peshawar as a case study. During the data collection process, we distributed questionnaires and conducted interviews with owners or managers of 48 industrial units in HIE. The survey results indicate that anarchy and terrorism, power outages & energy costs, locational disadvantages, lack of skilled labor force, and inconsistent government policies are major problems as perceived by owners of industrial units. We discuss the implications of these problems and present policy choices to mitigate their impact.

Industrial growth in Pakistan 2015: An Overview

2015

Pakistan is improving as it has maintained the growth momentum and achievements are broad based touching all sectors of the economy. The growth recorded for 2014-15 is 4.24 percent and will further accelerate in coming years as business climate is improving on fast track with better growth oriented policies of the government. Now situation is improving as the present government has launched comprehensive plan to create investment friendly environment & to attract foreign investors in the country. The investment policy has been designed to provide a comprehensive framework for creating a conducive business environment for the attraction of FDI. Private investment recorded in last year was Rs. 2,513 billion and it expanded to Rs. 2,645 billion for the fiscal year 2014-15. This increase in private investment is the reflection that private investors are showing confidence on government policies and situation is improving.

Impact of Industrial Sector on GDP (Pakistan Case)

European Journal of Economics, Law and Politics, 2014

This study is an attempt to investigate the relationship between economic growth and different components of industrial sector of the economy of Pakistan. For this purpose the secondary data for 61 years from 1950 to 2010 is used. The first step in the empirical analysis involves testing the time series characteristics of the data series using ADF tests. Simple linear regression and time series techniques are applied to estimate the relationships. All the variables used in this study are stationary in their first differences. Regarding the hypotheses of the study it is concluded that the entire hypothesis, has a positive impact on GDP, partially accepted. Because in simple linear regression all the components of industrial sector show a positive relationship with GDP except mining and quarrying sector that not only shows the negative relationship but also gives an insignificant result. All other results are statistically significant and consistent in simple linear regression.