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Friday 10 May 2024

Economic Development Of Pakistan - BCom Part II (Old Registration) - Solved Past Paper 2024

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Economic Development Of Pakistan
BCom Part II (Old Registration)
Solved Past Paper 2024

Share By Sir Ahmed
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SOLUTION

Special Thanks To Sir Ahmed
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Answer 5b) Significant Of Industrial Sector:
To promote the development of industries, the following measures can be adopted: 1. Infrastructural Development:
Improving infrastructure such as transportation, electricity, water supply, and communication networks is crucial for the growth of industries.

2. Access to Finance:
Providing easy access to finance and credit facilities for entrepreneurs and businesses can help promote investment in industries.

3. Skill Development:
Investing in skill development programs to enhance the capacity and productivity of the workforce in the industrial sector.

4. Encouraging Innovation and Research:
Supporting research and innovation in industries to drive technological advancements and enhance competitiveness.

5. Streamlining Regulatory Framework:
Simplifying and streamlining regulatory processes and reducing bureaucratic hurdles can make it easier for businesses to start and operate in the industrial sector.

6. Promote Foreign Direct Investment:
Attracting foreign direct investment can bring in technology, expertise, and capital that can help boost industrial growth.

7. Sustainable Practices:
Promoting sustainable practices and environmentally friendly technologies can help industries reduce their carbon footprint and contribute to sustainable development.

By implementing these measures effectively, countries can create a conducive environment for the growth and development of industries, ultimately leading to economic prosperity and job creation.


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