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Q1. Write in details the Economy Condition of Pakistan at the time of independence / establishment.
Preface: Pakistan came into being on 14th of August, 1947, which was a part of undivided India before independence. There were two major nations, the Hindus and the Muslims in India, living together for many hundred years. The two nations were different in religion, language culture and economic setup. But the Hindus never showed loyalty towards Muslims.
1. Impact of British Rule on Muslims.
After the British occupation in India, the Hindus favoured British and harmed Muslims by all means. Afterwards the British and the Hindus left no chance to destroy and spoil Muslims in every aspect of life. The British developed Hindus majority areas in agriculture, mineral and industrial sectors. They totally ignored the Muslims majority areas and brought them, economically up-to hand to mouth state.
2. Pakistan’s Economy on Independence.
At the time of independence, there were neither industrial units nor developed agricultural sectors in the
country. Whatever industrial we found, were old and out of date and very poor in condition. There were
very few broken roads and few useless railway lines in Pakistan. The people were uneducated because of
lack of education institutions in these areas. Generally banks and other financial institutions belonged to
Hindus who shifted their capital to India before partition.
Consequently: the economic conditions grew bad to worse in the county. The enemies were of the opinion that Pakistan would not last more than a few months, but the grace of God and its people worked very hard for its survival. We have achieved a better position among under developed countries.
Just after independence we faced the following economic crises:
Other Problems:
THE ECONOMY CONDITION OF PAKISTAN IN 1947
Ans: Preface: Pakistan came into being on 14th of August, 1947, which was a part of undivided India before independence. There were two major nations, the Hindus and the Muslims in India, living together for many hundred years. The two nations were different in religion, language culture and economic setup. But the Hindus never showed loyalty towards Muslims.
1. Impact of British Rule on Muslims.
After the British occupation in India, the Hindus favoured British and harmed Muslims by all means. Afterwards the British and the Hindus left no chance to destroy and spoil Muslims in every aspect of life. The British developed Hindus majority areas in agriculture, mineral and industrial sectors. They totally ignored the Muslims majority areas and brought them, economically up-to hand to mouth state.
2. Pakistan’s Economy on Independence.
At the time of independence, there were neither industrial units nor developed agricultural sectors in the
country. Whatever industrial we found, were old and out of date and very poor in condition. There were
very few broken roads and few useless railway lines in Pakistan. The people were uneducated because of
lack of education institutions in these areas. Generally banks and other financial institutions belonged to
Hindus who shifted their capital to India before partition.
Consequently: the economic conditions grew bad to worse in the county. The enemies were of the opinion that Pakistan would not last more than a few months, but the grace of God and its people worked very hard for its survival. We have achieved a better position among under developed countries.
Just after independence we faced the following economic crises:
- Industrial backwardness.
- Backwardness of Banking system.
- Agriculture backwardness.
- Migration and population problem.
- Backwardness of Trade and Commerce.
- Low per-capita income.
Other Problems:
- Unemployment.
- Un-Equal distribution of wealth.
- Accumulation Problem.
- Refugees problem.
- Division of financial assets.
- Kashmir issue.
- Water dispute.
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