The Seventh Five-Year Plans for National Economy of Pakistan, otherwise known as Seventh Plan, were a set of a highly

centralized Centralisation or centralization (see spelling differences) is the process by which the activities of an organisation, particularly those regarding planning and decision-making, framing strategy and policies become concentrated within a particu ...

and planned economic development targets designed for the improvement of the

standard of living Standard of living is the level of income, comforts and services available, generally applied to a society or location, rather than to an individual. Standard of living is relevant because it is considered to contribute to an individual's quality ...

, and overall strengthening of

gross domestic product Gross domestic product (GDP) is a money, monetary Measurement in economics, measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjec ...

(GDP) growth in Pakistan, between the period of 1988 until its termination in 1993. The seventh plan was drafted and presented by the Ministry of Finance (MoF), led by then popularly elected

Prime Minister A prime minister, premier or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. Under those systems, a prime minister is not ...

Benazir Bhutto Benazir Bhutto ( ur, بینظیر بُھٹو; sd, بينظير ڀُٽو; Urdu ; 21 June 1953 – 27 December 2007) was a Pakistani politician who served as the 11th and 13th prime minister of Pakistan from 1988 to 1990 and again from 1993 t ...

, at the

Parliament In modern politics, and history, a parliament is a legislative body of government. Generally, a modern parliament has three functions: Representation (politics), representing the Election#Suffrage, electorate, making laws, and overseeing ...

in 1988. The plan was studied by the

Economic Coordination Committee The Economic Coordination Committee ( reporting name:ECC), ( ur, ) is a principle federal institution and a consultative forum used by the people-elected Prime Minister of Pakistan as its chairman, for concerning matters of state's economic secu ...

(ECC) and resources were gathered to be allocated by the Planning Commission. The seventh plan was an integral part of Bhutto's social capitalist policies implementation and was also integrated with the nationalization programme of former Prime Minister

Zulfikar Ali Bhutto Zulfikar (or Zulfiqar) Ali Bhutto ( ur, , sd, ذوالفقار علي ڀٽو; 5 January 1928 – 4 April 1979), also known as Quaid-e-Awam ("the People's Leader"), was a Pakistani barrister, politician and statesman who served as the fourth ...

. The plan emphasized macroeconomics principles and was intended to support the development of the

agricultural Agriculture or farming is the practice of cultivating Plant, plants and livestock. Agriculture was the key development in the rise of Sedentism, sedentary human civilization, whereby farming of Domestication, domesticated species created food ...

and electricity sectors in Pakistan in order to keep up the GDP growth rate, which at that time was 6.6%— one of the highest in the world. Under this plan, science policy was further expanded to integrate academic scientific development into national development plans. The seventh plan also took initiatives to revive deregulation of the corporate sector but did not privatize the sector into private-ownership management. Unlike the sixth plan, not all targets were met and goals were not sufficiently fulfilled. Only the agricultural and scientific development aspects of the plans were continued whilst all major initiatives were cancelled by the upcoming Prime Minister

Nawaz Sharif Mian Muhammad Nawaz Sharif (Urdu, Punjabi language, Punjabi: ; born 25 December 1949) is a Pakistani businessman and politician who has served as the Prime Minister of Pakistan for three non-consecutive terms. He is the longest-serving prime ...

who replaced the programme with an intensified privatization programme, launched in 1991.

References

External links

* (1993 to 1998) {{Economy of Pakistan F Government of Benazir Bhutto Economic planning in Pakistan

See also

References

External links