Public Policies and Sustainability of Industrial Growth in Pakistan

Hamzo Khan Tagar; Syed Roshan Ali Shah; Iram Shoro; Muhammad Saleem Jalbani

doi:10.19044/esj.2022.v18n15p170

Hamzo Khan Tagar Director Public Private Partnership Node, Education & Literacy Department, Government of Sindh, Karachi, Pakistan
Syed Roshan Ali Shah Senior Research Economist (AERC) University of Karachi, Pakistan
Iram Shoro Senior Banker in Sindh Bank LTD. Government of Sindh Finance Department, Karachi, Pakistan
Muhammad Saleem Jalbani Senior Chief Environment & Climate Change Sindh Planning & Development Board, Government of Sindh, Karachi, Pakistan

DOI: https://doi.org/10.19044/esj.2022.v18n15p170

Keywords: Industries, Growth, Sustainability, Policies, Gross Domestic Product (GDP)

Abstract

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 coherent sustainable policy recommendations as a way forward for the sustainable industrial growth of Pakistan in the larger public interest.

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