Indutrial Policy

➢The 1978—88 period is the only epoch the country's 48-year history when an
industrial policy was formulated and executed.
➢Developing Economies, Tokyo, there were three such periods: • 1977—81. which was
the period of 'cautious at dismantling existing government policies and restoring
confidence in the private sector.
➢1962-85 a more forceful drive towards Islamization which followed the regime’s
consolidation of power.
➢1985—8, the 'attempt to disengage the government from direct control of the
economy.
➢ One of the most important concerns of the new Zia regime in mid-1977 was the need
to restore business confidence and, particularly private sector confidence and
motivation.
➢Amongst the earliest steps taken by the Zia government September 1977, to appease
the private sector, was the denationalization of a number of agro-based industries—
rice usking, flour milling, and cotton ginning.
➢A number of basic and heavy chemical d cement industries were opened up to the
private sector.