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| 99 Names of Allah | AR-RAHMÂN : The Most Compassionate, The Beneficent, The Gracious | AR-RAHÎM : The Merciful | AL-MALIK : The King | AL-QUDDÛS : The Most Holy | AS-SALÂM : The All-Peaceful, The Bestower of peace | AL-MU'MIN : The Granter of security | AL-MUHAYMIN : The Protector | AL-'AZÎZ : The Mighty | AL-JABBÂR : The Compeller | AL-MUTAKABBIR :Supreme in Greatness, The Majestic | AL-KHÂLIQ : The Creator | AL-BÂRI' : The Maker | AL-MUSAWWIR : The Bestower of form, The Shaper | AL-GAFFÂR : The Forgiver | AL-QAHHÂR : The Subduer | AL-WAHHÂB : The Bestower | AR-RAZZÂQ : The Provider | AL-FATTÂH : The Opener, The Judge | AL-'ALÎM : The All-Knowing | AL-QÂBID : The Withholder | AL-BÂSIT : The Expander | AL-KHÂFID : The Abaser | AR-RÂFI' : The Exalter | AL-MU'IZZ : The Bestower of honour | AL-MUDHILL : The Humiliator | AS-SAMÎ' : The All-Hearing | AL-BASÎR : The All-Seeing | AL-HAKAM : The Judge | AL-'ADL : The Just, The Equitable | AL-LATÎF : The Gentle, The Knower of subtleties | AL-KHABÎR : The All-Aware | AL-HALÎM : The Forbearing | AL-'AZÎM : The Incomparably Great | AL-GAFÛR : The Forgiving | ASH-SHAKÛR : The Appreciative | AL-'ALIYY : The Most High | AL-KABÎR : The Most Great | AL-HAFÎZ : The Preserver | AL-MUGHÎTH : The Sustainer | AL-HASÎB : The Reckoner | AL-JALÎL : The Majestic, The Revered, The Sublime | AL-KARÎM : The Generous | AR-RAQÎB : The Watchful | AL-MUJÎB : The Responsive | AL-WÂSI' : The All-Encompassing, The All-Embracing | AL-HAKÎM : The Wise | AL-WADÛD : The Loving One | AL-MAJÎD : The Most Glorious | AL-BÂ'ITH : The Resurrector | ASH-SHAHÎD : The Witness | AL-HAQQ : The Truth | AL-WAKÎL : The Ultimate Trustee, The Disposer of Affairs | AL-QAWIYY : The Most Strong | AL-MATÎN : The Firm One, The Authoritative | AL-WALIYY : The Protector | AL-HAMÎD : The All-Praised, The Praiseworthy | AL-MUHSÎ : The Reckoner | AL-MUBDI' : The Originator | AL-MU'ÎD : The Restorer to life | AL-MUHYÎ : The Giver of life | AL-MUMÎT : The Causer of death | AL-HAYY : The Ever-Living | AL-QAYYÛM : The Self-Existing by Whom all subsist | AL-WÂJID : The Self-Sufficient, The All-Perceiving | AL-MÂJID : The Glorified | AL-WÂHID : The One | AS-SAMAD : The Eternally Besought | AL-QÂDIR : The Omnipotent, The Able | AL-MUQTADIR : The Powerful | AL-MUQADDIM : The Expediter | AL- MU'AKHKHIR : The Delayer | AL-AWWAL : The First | AL-ÂKHIR : The Last | AZ-ZÂHIR : The Manifest | AL-BÂTIN : The Hidden | AL-WÂLÎ : The Governor, The Protector | AL-MUTA'ÂLÎ : The Most Exalted | AL-BARR : The Benign, The Source of All-Goodness | AT-TAWWÂB : The Granter and Accepter of repentence | AL- MUNTAQIM : The Lord of Retribution, The Avenger | AL-'AFUWW : The Pardoner | AR-RA'ÛF : The Most Kind, The Clement | MÂLIK-UL-MULK Owner of the Kingdom | DHUL JALÂL WAL IKRÂM Possessor of Majesty and Honour | AL-MUQSIT : The Just, The Equitable | AL-JÂME' : The Gatherer | AL-GHANIYY : The All-Sufficient | AL-MUGHNÎ : The Enricher | AL-MÂNI' : The Preventer of harm | AD-DÂRR : The Afflicter | AN-NÂFI' : The Benefiter | AN-NÛR : The Light | AL-HÂDÎ : The Guide | AL-BADÎ' : The Originator | AL-BÂQÎ : The Everlasting | AL-WÂRITH : The Ultimate Inheritor | AR-RASHÎD : The Guide | AS-SABÛR : The Patient One

Quran in Roman Urdu

Sunday, July 24, 2011

Sixth Five-Year Plan (1983-88)

Sixth Five Year Plan (1983-88)

Before the end of Fifth Five Year Plan preparation for Sixth Five Year Plan was made. NEC approved the Plan well in time and implemented according to its schedule.

Size of the Plan:
The plan aimed at a financial outlay of Rs. 495 billion which was more than double the amount of Fifth Five Year Plan. Rs. 295 billion were decided to spend in the public sector and Rs. 200 billion were decided to spend in private sector. As regard to the proposed resources to finance the Plan two points were important:

(a)   The share of net external resources in the gross investment would fall from 24% to 16% in the Sixth Five Year Plan.
(b)  The compensating efforts in the domestic front were expected in the private sector, almost quadrupling the total private savings with little change in the size of the public savings.

Objectives:
(a)   To make production sector of the economy powerful and stable.
(b)  To accelerate the rate of economic development so that the standard of living of the people may be raised.
(c)   To increase the agriculture production by using more fertilizers, better seeds and modern technology.
(d)  To make the country self-sufficient in oil.
(e)   To develop steel based engineering goods, modernisation of textiles, expansion of agro-based industries, etc.
(f)     To provide maximum social services to increase the rate of literacy and to provide drinking water facilities, draining water facilities, etc.
(g)  To create harmony among different sectors of the economy.

Targets:
(a)   To increase GDP by 6.5% p.a.
(b)  To increase family income by Rs. 900 p.a.
(c)   To increase agriculture production by 5% p.a.
(d)  To increase industrial production by 9% p.a.
(e)   To provide jobs to 4 million people during the Plan period.
(f)     To provide facilities of electricity to 88% of the village population.
(g)  To increase exports from $ 2.43 billion to $ 4.91 billion by the end of the Plan.
(h)  To construct 15000 km new roads from villages to cities.
(i)     To lower dependence on foreign aid from 20 to 19% by the end of the Plan.
(j)     To increase the efficiency of private sector, certain effective measures would be taken so that private sector may play its role effectively in the development of the economy.
(k)   To enable 3 million acres of land for cultivation which had been destroyed by water logging and salinity.

It was decided to allocate 18.1% of the total expenditure to agriculture and water sector, 20% to power, 18.1% to transportation, 15.6% to industry 12.2% to minerals and 11.5% to social institutions. See the table below:

Sector-wise Division of Expenditure
(Rupees in billions)
Sectors
Total
Expenditure
Percentage of
Total
Agriculture and Water
89.72
18.1
Sources of Power
100.00
20.0
Transportation
89.62
18.1
Industry
76.91
15.6
Minerals
6.05
1.2
Social Institutions
(health, education, etc.)
59.91
11.5
Other Sectors
75.79
15.3
Total
498.00
100.0

Strategy:
(a)   High Growth Momentum: High rates of growth of GDP and other related macro economic variables are to be maintained:
(i)           Emphasis on increased efficiency in agriculture, particularly self sufficiency in oil seeds, expanding the exports of rice, cotton and fruits, etc.
(ii)         Balanced development of service industries, especially public services for basic human needs.
(iii)       Balanced development of service industries, especially of private services for government servants and private people.

(b)  Rural Transformation: Increased opportunities for small farmers and provision of infrastructure.
(c)   Employment and Income Policies: Creation of about 4 million new jobs for emphasis on small scale production in agriculture and industry, rural works programme, vocational training with combination, income policy which related wages to productivity, indicated salaries from fixed income growth.
(d)  Decentralisation: To increase share of provincial governments in development programme of public sector and also encouraging to local bodies to participate in investment plans.
(e)   Backward Regions: Recognition of the tribal and Balochistan as economically backward regions and provision of special funds for specific development programmes in these regions.
(f)     Self Reliance: Continuing import substitution and export promotion policies and reducing dependence on foreign aid.

Performance of the Plan (Failure and Achievements):
During the Plan period, GDP was expected to increase by 6.5% p.a. It was based on the performance of agriculture and manufacturing sectors. Because these sectors could not play their role effectively so the plan seemed helpless in achieving the targets and objectives.

Further aggregate growth rate of GNP and GDP were related to expected increase in the rate of savings and investment during the Plan period. The savings were expected to increase from 13% to 25% in Plan period and investment rate from 6.5% to 7.5% p.a. But unfortunately these targets could not be achieved in the Sixth Five Year Plan.

Rate of net borrowing and net real foreign saving was expected to decline (because of the decline in foreign remittances). It was decided to increase domestic savings because the Plan did not present any argument or evidence how the saving rate would increase and how much to be saved by the private sector. Basic problem with the plea was shortfall in remittances. Minor crops grew by only 3.6% p.a. as against a growth rate of 7% p.a. envisaged in the Plan.

The Sixth Five Year Plan was a mixed success. It was described as a qualified success by Planning and Development Division. It fulfilled most of the targets, though there were some failures. On the whole, it was a good plan.

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