ECO 407/ MAN 408 – Analysis of Pakistani Industries(Fall-2022)

Course Outline

Session Module Presentation 90 minutes

 The objective of the course is to familiarize the students with the history of
industrialization in Pakistan, industrial policy, pattern of industrial growth, industrialization
strategies pursued and their pitfalls, nationalization, denationalization/Privatization of industries,
problem of sick industrial units, and formulation of a viable industrial strategy for Pakistan.
Moreover, the course is designed to provide the deep understanding about the market structure of
industry, anti- competitive practices and how competition law works to curb these practices in
Pakistan.

Course contents
1. Process of Industrialization in Pakistan I: 1947 - present times

2. Performance of various industries in Pakistan

3. Industrial productivity growth in Pakistan

4. Key issues in Pakistan’s industries

5. Economics of Market structure
- Important concepts and definitions
- Perfect competition vs. Monopoly
Oligopoly
- Industrial concentration and market power

6. History of Competition in Pakistan – Moving from the Monopolies & Restrictive

Trade Practices (MRTPO) Ordinance, 1970 to the Competition Act, 2010

7. Anti-competitive practices
 - Abuse of dominant position, causes and remedies under Section 3 of the Competition
Act, 2010
- Cartel, types of market prone to cartelization, prosecuting cartels under CA, 2010
- Mergers, types of mergers and remedies under CA, 2010
- Deceptive marketing, what constitutes deceptive marketing, the relevant cases and
experiences of the CCP to deal with deceptive marketing

8. Contemporary Issues in competition polices

9. Privatization in Pakistan

10. WTO and Pakistan’s industry

11. Manufacturing exports of Pakistan: an overview

12. Analyses of Pakistani Industry by using Diamond Porter model

- Textile
- Cement
- Leather
- Sugar
- Pharmaceutical
- Sports
- Marble and others.

13. Quantitative/ Qualitative methods to analyses the Industry

- Eviews
- SPSS
- STATA
- Smart PLS
- Any other

Grading Plan

Mid Term Exam 30%

Final Exam 40%
Term Project 20%
Class Participation 5%
Assignments 5%
Recommended Books & Articles

Dr. Shahida Wizarat (2002), The Rise and Fall of Industrial Productivity in Pakistan, Oxford
University Press, Karachi (SW).

Wizarat, Shahida, “Fighting Imperialism: Liberating Pakistan”, CRS, 2011.

The Competitive Advantages of Nations by Michael E.Porter

Syeda Fatima, “Competition law in Pakistan: brief history, aspirations and characteristics”, 2012

Annual Reports of Competition Commission of Pakistan from 2008 onward

Economic Survey of Pakistan, Various Issues

Sectoral Assessment reports by Competition Commission of Pakistan

Various recent Journal/ news articles about competition policies in Pakistan

Wizarat, S. (n.d.). Policy Implications of Evidence on Productivity, Concentration and Income

Distribution from Pakistan’s Large Scale Manufacturing Sector

M. A. Baig (2014). Market Concentration in Manufacturing , Financial and Service sectors of

Pakistan. pakistan business rivew.
(Muhammad Zubair, 2022) Economic and Strategic Implications of Privatization in Pakistan:
Case Study of Pakistan Steel Mill, © Pakistan Journal of Economic Studies
https://journals.iub.edu.pk/index.php/pjes Vol. 5, No. 1, June 2022, Pages: 293-309

Pak, Se-Hark (1995), Major Issues in the Role of Trade and Industries Policies in Developing
Countries, PJAE, Vol. XI, No. 1 & 2, Summer and Winter.

Dr.Shahida Wizarat, Determinant of Pakistan’s Export Growth, Pakistan Business Review,

IOBM

Dr.Shahida Wizarat, Pakistan Exports Nexus to Measure Productivity, Pakistan Business

Review, IOBM
Recent data for export provided by SBP,TDAP and others
Malik, I. A. (n.d.). The Political Economy of Industrial Development in Pakistan: A Long-Term
Perspective . The Lahore Journal of Economics

The Theory of Industrial Organization by Jean Tirole

Economic survey of Pakistan, Various issues.