The second five-year plan in Pakistan was introduced in:

A. 1957
B. 1958
C. 1960
D. None of these

Submitted by: Areesha Khan

Pakistan introduced its second five-year plan in 1960 under President Ayub Khan, focusing on industrialization and economic growth.

Pakistan’s second five-year plan was introduced in June 1960 and ran from 1960 to 1965. The plan was approved by the Economic Council of the Government of Pakistan.

Goals of the plan

• To increase the national income by 20%
• To improve railways, communications, and transportation
• To develop heavy industry
• To advance literature and science
• To industrialize the country to reduce unemployment

Plan implementation

• The plan was implemented by the military government of President Ayub Khan
• The plan was based on the model developed by Indian statistician Prasanta Chandra Mahalanobis
• The plan was revised, increasing its cost by 21%
• The plan was successful, with all sectors showing substantial growth

Plan outcomes

• • The plan encouraged private entrepreneurs to participate in activities that could be profitable

• The government acted in sectors where private business was reluctant to operate