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Zia History and Role in Pakistan Development

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Zia History and Role in Pakistan Development
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Presented by: Rao Aziz
Std Id# 2008-1-02-9290
Presented to: Sir M. Ashraf Janjua IoBM | Seminar in Economic Policy Zia Era 1977-88 |

Table of Contents The reversal of state role under Islamic Capitalization 3 Factors helping Zia to prolong his Regime 3 Macroeconomic Performance under Zia Era 4 Investment and savings 4 Agriculture sector Policies 5 Industrial Sector 5 Price trends 6 Soviet Union Invasion Helps Pakistan 6 Riba Elimination 7 REREGULATION AND LIBERALIZATION 7 Devaluation to support Export 8 Foreign Remittances 8 Balance of Payment 9 CRITICISIMS 12 Appendix 13

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Zia ul Haque period 1977-88
The reversal of state role under Islamic Capitalization
The focus of economic policy under Zia regime (1977-88) was an attempt at market- friendly deregulation and liberalization of economy besides, besides promoting healthy relation ship between public and private sector. The main aim of Zia policy is to encourage private sector investment through trade and industrial policies.
Economic policies provided additional export incentives, focused on the need of flexible exchange rate management and improve the climate for private sector both in agriculture and industry by removing political uncertainty and reducing the role of state in price fixing.
Factors helping Zia to prolong his Regime
There are number of internal and external factors that prolong and benefited Zia regime a. His efforts to Islamize the society b. Soviet union invasion to Afghanistan c. Completion of predecessor project like
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