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Government Measures for Industrial Development

Since independence (1947), the government of Pakistan has realized the importance of the industrial sector. This is why, from time-to-time, different ruling parties of the development of industrial sector took many steps. Some salient features of these steps are as follows;

Establishment of Financial Institutions

At the time of independence, the financial system consisted of only a few commercial banks. There was virtually no financial institution, which could meet the financial needs of the industry in local and foreign currency. Therefore, government established many financial institutions to finance industrial sector. These are as follows;

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