Financing Development Plans in Pakistan

Pakistan is beginning her Third Five Year Plan1 in a mood of great optimism. After the disappointment of the First Plan, the country was able to make undoubted progress during the Second. All the major objectives of the Second Five Year Plan were exceeded and there were few important shortfalls of the specific sub-sector targets. Perhaps the most important of these were a) the failure to use all the resources allocated to family planning and b) the relatively slow rate of growth of exports of cotton manufactures; of second order importance was c) the growing shortage of cement2