Q.4. Write a brief note on Colombo Plan (1951-1957)
Colombo Plan (1951-1957)
In January, 1950 a meeting of the common wealth ministers was held at Colombo. In this meeting a common wealth consultative committee was set up and it was decided that common wealth countries would formulate their development plan for six years. In response to the decision, national plans were prepared by Pakistan, Ceylon, Malaysia, India, Singapore, North Boronoes and Saranak. These plans were integrated in Colombo Plan. This plan covered a period of six years from 1st July 1951 to 30th June 1957. It was estimated that Rs. 2,600 million would be spent on development programmes of Pakistan during this plan period, 32% of this was to be incurred on agriculture, 20% on transport and communication, 13% on industry, 18% on fuel and energy and remaining 11% on social welfare. It was also estimated that Rs. 1,700 million would be provided from internal resources and Rs. 900 million from external resources.
To implement the plan, machinery was set up in the form of economic council a planning commission and various sub-commissions. In April, 1951 a two year priority programme was formulated. The main objective of this plan was to increase the rate of development in various sectors. Rs. 50.5 crore were sent under this programme. In August 1953 the programmed of this plan were evaluated and total expenditure was increased from Rs. 2,600 million to Rs. 3,800 million. By the beginning of the year 1956, the cost had increased to Rs. 564 crore. The expenditure increased due to the introduction of village aid programme, establishment of P.I.D.C., rapid development of hydro electric power, transport and communication.
Inspite of the short comings of the Colombo Plan, development occured during this plan period. According to the statistics collected by the planning board, industry made remarkable progress, though agriculture remained relatively neglected. The index of industrial production rose from 100 in 1950 to 285 in 1954. P.I.D.C. was established in 1952 and various projects were started by this corporation. The total power generating capacity rose to 1,02,000 kilowatts in 1954-55. So we may come to the conclusion that Colombo Plan has great importance in the earlier efforts of development planning in Pakistan.
In January, 1950 a meeting of the common wealth ministers was held at Colombo. In this meeting a common wealth consultative committee was set up and it was decided that common wealth countries would formulate their development plan for six years. In response to the decision, national plans were prepared by Pakistan, Ceylon, Malaysia, India, Singapore, North Boronoes and Saranak. These plans were integrated in Colombo Plan. This plan covered a period of six years from 1st July 1951 to 30th June 1957. It was estimated that Rs. 2,600 million would be spent on development programmes of Pakistan during this plan period, 32% of this was to be incurred on agriculture, 20% on transport and communication, 13% on industry, 18% on fuel and energy and remaining 11% on social welfare. It was also estimated that Rs. 1,700 million would be provided from internal resources and Rs. 900 million from external resources.
To implement the plan, machinery was set up in the form of economic council a planning commission and various sub-commissions. In April, 1951 a two year priority programme was formulated. The main objective of this plan was to increase the rate of development in various sectors. Rs. 50.5 crore were sent under this programme. In August 1953 the programmed of this plan were evaluated and total expenditure was increased from Rs. 2,600 million to Rs. 3,800 million. By the beginning of the year 1956, the cost had increased to Rs. 564 crore. The expenditure increased due to the introduction of village aid programme, establishment of P.I.D.C., rapid development of hydro electric power, transport and communication.
Inspite of the short comings of the Colombo Plan, development occured during this plan period. According to the statistics collected by the planning board, industry made remarkable progress, though agriculture remained relatively neglected. The index of industrial production rose from 100 in 1950 to 285 in 1954. P.I.D.C. was established in 1952 and various projects were started by this corporation. The total power generating capacity rose to 1,02,000 kilowatts in 1954-55. So we may come to the conclusion that Colombo Plan has great importance in the earlier efforts of development planning in Pakistan.
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