It is planned to aim for accelerated industrialisation capitalising upon national
strengths and mitigation of weaknesses, whether endemic or specific to a sector. The
challenge for Pakistan is not to rediscover industrial policy, but to re-deploy it in a more effective manner in the national, regional, and global context. The policy framework will be based upon the advanced industrial economies, where focus is on the entire value chain;The provision of facilities for public testing laboratories and public R&D, vocational and technical training, dissemination of sanitary and phytosanitary standards, infrastructure and communications, are all necessary inputs which are regarded as a public good for the manufacturing sector.
Value addition in products and processes will be strengthened through backward and
forward linkages, productivity levels will be increased through human resource development,technical and vocational training, and research and development will be strengthened.While conventional wisdom requires the role of government to be restricted to provision of necessary physical, social, technological and financial infrastructure and regulatory framework, empirical evidence shows that diversification is unlikely to take place without directed government action, and the required policy will ultimately need to embed private initiative within a framework of public action that encourages restructuring,diversification, and technological upgrade beyond what can be generated by market forces alone.
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