Cottage Industry In Pakistan
The Political Economy of Protectionism of Infant Industry in Pakistan Infant Industry in Pakistan In Pakistan, cottage and household industries hold an important position in rural set-up. Most villages and rural areas are self-sufficient in the basic necessities of life. They have set up their own small industries and small enterprises, they’ve their own carpenters, cobblers, potters, craftsmen and cotton weavers. Most of the people have their income dependent on it. Nowadays, the Cottage industries have gained immense importance in cities and towns. The demand for their products has increased immensely. Hand-woven carpets, embroidered work, brassware, rugs and traditional bangles have increased demand now and very popular these days. They are now considered as important export items and have gained demand in international markets. Encouraging these industries is very important, as these cottage small-scale industries are highly labor intensive and provide 80% of employment to the industrial labor force. In the conservative areas, where women are not allowed to work outside, these industries can be set up in houses to make the women increase their productivity. Trade policies of Pakistan’s Infant Industry In Pakistan imports were restricted in the country through tariffs and other quantitative restrictions in 1952. One of the objectives of high protection in the past has been generation of revenue and to compensate for the balance of payment situation. For this purpose
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