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Growth of Industrial Sector From 1971 to 1977

The development in the industrial sector during 1971-77 was disappointing. The poor development was due to various reasons;

War with lndia, separation of East Pakistan, suspension of foreign aid, loss of  indigenous market, fall in exports, devaluation, labour and political unrest, floods, recession in world trade, reduction irt investment incentives, nationalization of Industries and insecure investment conditions etc., caused a drastic fall in the output of large scale industries. The annual growth rate was only 2.8% in the whole industrial sector.

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