What was the economic growth rate of Pakistan in the 1950s?



What was the economic growth rate of Pakistan in the 1950s?

Initial Decades The 1950s and 60s 11. Between 27 October 1958 and 25 March 1969 under Ayub Khan Pakistan economic growth averaged 5.82% growth during his eleven years in office. Manufacturing growth in Pakistan during this time was 8.51%, far outpacing any other time in Pakistani history.

What was the economic growth of Pakistan during Ayub Khan era?

10. Initial Decades The 1950s and 60s 11. Between 27 October 1958 and 25 March 1969 under Ayub Khan Pakistan economic growth averaged 5.82% growth during his eleven years in office. Manufacturing growth in Pakistan during this time was 8.51%, far outpacing any other time in Pakistani history.

Why was Pakistan seen as a model of economic development?

During the 1960s, Pakistan was seen as a model of economic development around the world, and there was much praise for its economic progression. Many countries sought to emulate Pakistan’s economic planning strategy and one of them, South Korea, copied the city’s second "Five-Year Plan"; the World Financial Centre in Seoul is modeled after Karachi.

Is Pakistan’s economy growing or declining?

Pakistan suffered its only economic decline in its GDP only once in her entire history between 1951-52. GNP growth rate during 1985–95 was only 1.2 percent per annum, substantially lower than India (3.2), Bangladesh (2.1), and Sri Lanka (2.6).