Who introduced First Five-Year Plan Pakistan?

Prime Minister Liaquat Ali Khan
Economic planning began in 1948 when Prime Minister Liaquat Ali Khan presented the first Five-Year plans at the parliament of Pakistan on 8 July 1948.

Which country started five year plan first?

the Soviet Union
The first five year plan was created in order to initiate rapid and large-scale industrialization across the Union of Soviet Socialist Republics (USSR). Having begun on October 1st, 1928, the plan was already in its second year when Harry Byers first set foot in the Soviet Union.

What is the name of First Five-Year Plan?

Due to this, the first five year plan is also called Domer-Mahalanobis Model. It was modified version of the Harrod–Domar model with few changes. In this plan, highest priority was given to the Agriculture, Irrigation & Power Projects.

In which year did Pakistan announced its First Five-Year Plan?

All three countries had started planning their development strategies in similar ways. While India announced its first Five Year Plan for 1951–56, Pakistan announced its first five year plan, now called the Medium Term Development Plan, in 1956. China announced its First Five Year Plan in 1953.

Who approved first five year plan?

First Plan (1951–1956) The first Indian prime minister, Jawaharlal Nehru, presented the First Five-Year Plan to the Parliament of India and needed urgent attention.

What was the alternative name for Pakistan’s first Five Year Plan 1956?

Answer: The alternate name was Medium Term Development Plan . It was started in 1956 .

When was the First Five-Year Plan started in China?

1953–
In China the first Five-Year Plan (1953–57) stressed rapid industrial development, with Soviet assistance; it proved highly successful.

Who is the father of five-year plan?

The first five year plan was introduced by Joseph Stalin in the USSR in 1928.

Which is current five year plan of Pakistan?

The 11th Five Year Plan (2013-2018) is being issued at a time when Pakistan is facing multiple challenges on the economic, security, and development fronts. These provide compelling reasons to make fundamental changes in the growth and development paths treaded in the past.

Who drafted the second five-year plan?

The second Five-Year Plan was based on the PC Mahalanobis model. Its draft was prepared by P.C. Mahalanobis.