October 20, 2021

Coin Tastic

Business Managements for you

Including Free Insurance Agency Business Plan Template

I came to realize that business management has been there for so many years and...

I came to realize that business management has been there for so many years and that there are many people who cannot define correctly who an entrepreneur is. This is because there is a disagreement of whether entrepreneurs are born or made. The Government of Pakistan, aware of the importance of industrialization for rapid growth and development, called an Industrial Conference in December, 1947. The Industrial Conference recommended the establishment of industries which use locally produced raw material like jute, cotton, hide, and skins. In order to expand the scale of production, private enterprises were encouraged to set up industries excluding the manufacture of arms apparatus. The infrastructure for the establishment of heavy industries was also to be developed. The Development Board was established in 1984 to help with the implementation of these steps. The government also set up an Industrial Finance Corporation and an Industrial Investment and Credit Corporation in 1948. In the period from 1947 to 1950, the private entrepreneurs invested in high-profit industries. The contribution of industrial sector was 6.9 percent of the GDP in 1950.