Role of Industrialization

Industrialization is the only key for economic development and it plays a vital role in the economic development of an underdeveloped country.

The historical facts reveal that all the developed countries of the world broke the vicious circle of underdeveloped by industrialization.

Pakistan also needs fast industrialization to achieve higher standard of living for its masses. It has, therefore, embarked upon various programs of industrialization. The policies of privatization, deregulation, liberalization of the economy, establishment of industrial estates and foreign inveStment in industrial sector are being pursued.

The importance of Industrial development can be realized from the   following advantages put forward for industrialization in Pakistan.