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Asked by Naina Last Modified
Answer 
Sheetal Chourasia
Professional and educator with 7 years of experience in accounting and finance
As developmental initiative Pakistan followed a hybrid approach by Public and private partnerships.
It has created various regulations and laws with respect to protection of consumers, domestic industries etc way back in 1950 and 1960's.
It has contributed to GDP and emerged as major employer
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Pakistan adopted a mixed economy system where both public sector and private sector mutually works for the development of a country . It introduced various policies:-
a. like in import substitution
b. Promotion of domestic industries
c. policies regarding the taxes and tariffs
c.policies regarding the import control
d. Introduction of green revolution to modernize the agricultural sector and to increase the agricultural system.
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