Sixth, Seventh, and Eighth 5-years Plans Regarding Targets and Achievements | Secondary Education | BEd Course Code 8624|

Question

Compare the Sixth, Seventh, and eighth 5-years plans regarding targets and achievements in secondary education.

Course: Secondary Education
Course code 8624
Level: B.Ed (1.5 Years)
Solved Assignment

Answer:

SIXTH FIVE-YEAR PLAN (1983-88)

The sixth five-year plan was launched on 1st July 1983. The draft of this plan was prepared and implemented by the newly created Ministry of Planning.

SIZE OF PLAN:

The total size of the plan was Rs.495 Billion. This amount was allocated between the public and private sectors in respective amounts of Rs.295billion and Rs.200 Billion.

TARGET:

• To increase GNP by 6.5% per annum
• To increase family income by Rs.900 per annum
• To increase industrial production by 9% per annum
• To increase agriculture production by 5% per annum
• To provide jobs to 4 Million people during the plan period
• To provide electricity facility to 88% of the village population
• To increase exports from $2.43 billion to $4.91 Billion
• Rehabilitation of 30 lac acres of land destroyed by waterlogging

STRATEGY:

•  Increased opportunities for small farmers and provision of infrastructure
•  Creation of 4 billion new jobs by emphasizing on small scale production in agriculture and industry
• To encourage provincial govt. and local bodies to participate in investment plans and policy making
• Provision of funds to backward areas especially in Balochistan and tribal areas
• Encouraging exports, discouraging imports, and reducing dependence on foreign assistance

ACHIEVEMENTS:

• GNP rate grew to 6.6% as compared to the target of 6.5%
• Per capita income increased from Rs.820 to Rs.935
• Growth of industrial sector was 7.7%. The target was 9%
• Growth in the agriculture sector was 3.9%
• Exports increased to 11% per annum
• Inflation rate reduced from 8.8% to 6%

CRITICAL OVERVIEW:

• In this plan the main weakness was its excessive reliance on domestic borrowings to balance the budget

• Allocations to the sectors were not fair, 80% was allocated to the energy sector and the remaining to others.

• The language of the sixth plan was not realistic.

• The major weakness of the 6th plan was the absence of any concrete plan for expenditure control

• The Burdon of subsidies and non-development expenditures was very high.

SEVENTH FIVE YEAR PLAN (1988-1993)

SIZE OF PLAN:

An amount of Rs.660.2 billion had been allocated to the 7th plan to meet the financial needs and expenditures. Rs.322.95 Billion was allocated to the public sector and Rs.292.4 Billion was allocated to the private sector.

 

ARGENT:

• To attain an annual growth rate of 6.5% of GNP
• Increase in per capita income to Rs.3,562 at the end of the plan’s period
• 4.7% growth rate in the agriculture sector
• 8.1% growth rate per annum in the industrial sector
• Oil extraction target was 76,000 barrels per day
• Road constructions up to 8500 KM
• 6.1 Million new job opportunities
• The planning target of monetary assets was 12.5%

ACHIEVEMENTS:

• GDP rate increased to 5%
• Increase in per capita income to Rs.3,562 at the end of the plan’s period
• 3.8% growth rate in the agriculture sector
• 5.9% growth rate per annum in the industrial sector
• Oil extraction target was 76,000 barrels per day
• Road constructions up to 8500 KM
• 6.1 Million new job opportunities
• The planning target of monetary assets was 12.5%
• The expenditure on public sector development was Rs.511 Million

CRITICISM:

• There was no fair allocation of resources among different sectors
• There was undue delay in the preparation of policies and projects
• Employment situation became worse; no consideration was given to this issue

• Projects of the previous government were disclosed by the new government
• There was no proper implementation of this plan

EIGHTH FIVE YEAR PLAN (1988-1993)

SIZE OF PLAN:

The size of the plan was Rs.1, 701 Billion. An amount of Rs.752 Billion was to be spent on the public sector and Rs.949 Billion on the private sector.

TARGETS:

• GDP growth rate of 7%
• 4.9% growth rate in the agriculture sector
• 9.9% growth rate per annum in the industrial sector
• Growth rate of services 6.7%
• Reduce Fiscal deficit to 4% of GDP
• Reduce inflation rate to 6%
• Generate 6.2 Million new job opportunities
• Ensure a minimum investment of Rs.949 Billion
• Increase literacy rate from 35% to48%
• Population growth rate 2.7%
• Coverage of rural water supply to 71% of the population.
• Construction of Ghazi Brotha Hydel project and completion of
• Hub Power Project in the private sector
• Power generation capacity to 16,422 MW

STRATEGY:

• Encouraging participation of private enterprises
• Industrial and commercial policies to attract private and foreign investment
• Expansion of infrastructural facilities
• Ensuring macro-economic stability
• Developing human resource
• Poverty elevation by equitable distribution of national income
• Expanding production avenues to create employment opportunities

ACHIEVEMENTS:

• The growth rate in GDP was 4.08% as compared to the target of 7% per annum
• The growth rate of the manufacturing sector was just 2.68% which was very low compared to the target of 9.9%
• 11.4% growth rate in the mining sector
• The target of 2.7% in the growth rate of the population was achieved

CRITICISM:

• Due to the absence of accurate data on the population, there was no proper allocation of resources.
• The performance of the agriculture and the industrial sector remains questionable
• Due to heavy dependence upon imports, there was a deficit balance of payment
• There was no proper implementation of policies due to a lack of expenditure controls
• There was excessive dependence upon foreign sources