ROLE OF SMALL-SCALE INDUSTRIES AND POLICIES IN

DEVELOPMENT: A COMPARISON BETWEEN

PAKISTAN AND JAPAN
Nabeel ul Rehman*

Abstract
This article aims to study and analyse small-scale industrial policy links between
Pakistan and Japan. Pakistan and Japan both began with comparable difficulties.
World War II ripped the Japanese economy apart. Pakistan gained independence and
faced a very immature economy with a small industrial base. Pakistan has significant
agricultural resources as raw materials. On the other hand, Japan transformed the
military-trained society into a highly successful industrial labour and entrepreneur
nation. However, Pakistan has ignored human resource development while altering
economic strategies; unfortunately, without any government planning or support, tiny
enterprises in Pakistan thrived independently. This article will provide a short overview
of the rise of micro industries in Pakistan, government policies, and a comparison of
Pakistani small industries with those in Japan. The research reveals how different
industrial policies in Japan have paid sufficient emphasis on the development of small
enterprises, which they deem crucial for the progress of their economy and a good
source of job creation, and Pakistan is lacking behind. At last, a comparative analysis
of the role of ministries in industrial policy development and labour laws was discussed
as to how to enhance industrial production, and employment generation, with labour
welfare as part of industrial policy.

Keywords: Industry, Policy, Economy, Pakistan, Japan.

Introduction

P akistan is an agricultural country whose economy is based on agriculture and

services. The services sector contributes more than 50% of the country's Gross
Domestic Product (GDP), 23% to agriculture and 18% to industry. Pakistan's industry
highly relies on the performance of agriculture, like cotton for textiles, leather with food,
and agro-products.1 Decades of political unrest and instability, terrorism, and wars with
India and Afghanistan caused the economy to fluctuate. The growth and development of
any country depend upon agriculture, the services sector, and industrial production; a
high production rate will give a solid economic boost. The GDP defines the output of
goods and services in any country during a specific period; it also measures the income
earned from this production or the total amount spent on final goods and services.

*
Mr. Nabeel ul Rehman is a scholar in energy & environmental engineering, Kyushu University JAPAN
(2022), working as Assistant Director in Islamabad electric supply company under ministry of energy
Pakistan. The authors’ email address is [email protected].

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Any country's industrial sector is responsible for fulfilling the basic needs of local
habitants, including food, education, health, and employment. Pakistan is a South Asian
country, and its strategic location in the region gives it unique importance. Due to 20
years of war in Afghanistan, Pakistan suffered a lot.

China-Pakistan Economic Corridor (CPEC) is a mega project connecting the

above-listed countries on a single road, becoming part of one belt and one road country.
Moreover, the old silk route also passes through Pakistan, an ancient trade route. These
factors gave Pakistan's Industrial sector unique importance, and govt is trying to develop
more Industrial states along with these trade ways. Pakistan's current GDP indicators are
shown in Figure 1.

Figure 1: Pakistan Economic Indicators.2

(Source: Compiled by Author)

A successful experience in the past and present, for instance, Japan's GDP was
rated third behind the US and China in 2020. Japan's trade friction in 1978 was 28% and
led the world by 45.6% in 1986, leaving the United States behind at 44%. Japan once
occupied over 90 % share of the world market. Today 99.7% of all Japanese businesses, 3.5
million, are small and medium-sized enterprises. Small and medium-sized companies
provide 68.9% of Employment in Japan, which significantly contributes to the services
sector.3 The current industrial production of Japan is disputed in figure- 2 and shows the
variation over the period from Nov-19 till March-20 the growth was reported negative but
after May-21 its showing improvement after COVID-19.

The Japanese government continues supporting SMEs to boost the economy. The
Yen devaluation against USD was a big issue, and the Japanese government helped
industrialists try to stabilise the Yen against USD.

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Role of Small-Scale Industries and Policies in Development: A Comparison Between Pak & Japan 87

Figure-2: Japan Industrial production Chart4

(Source: Compiled by Author)

The impression of Japanese industrial history, development and policy structure

made Japan's economy the world's number one; the policy of ease of doing business for
SMEs and taxing systems gave confidence and attracted more people worldwide to invest
in Japan. As a result, big Japanese companies expanded all over the world.

History of Pakistan's Industrial Sector

Pakistan is a 5th highly populated country and a good consumer market;

therefore, to cover the country's own and regional market needs, Pakistan has established
industrial estates along the old silk route and on CPEC. China has the most potent
industrial structure and trying to capture the world's major markets' high production rate
needs fast delivery to market, so China is a significant stack-holder of the CPEC route.
After the independence of Pakistan in 1947, the industrial system was inferior. Only 34
industrial units were in Pakistan, including Sugar, Steel, Cement, and textile. In the initial
stages, Pakistan struggled to cover the country's demands; however, after 1980, Pakistan's
industrial structure was stable. Our industrial policies and plans were framed as part of
the medium to long-term development plans. We have five phases of industrial policy. In
the first phase, India imposed trade restrictions on Pakistan in 1948, soon after
independence. This ban badly affected our economy as Pakistan highly depended upon
importing elementary goods from India.5 At the very beginning, Pakistan motivated
investment in fast-consuming goods and provided protection from outside competition. It
was a fruitful effort to enhance the industrial production of consumer goods. However, in
later stages, the Pakistan government took special initiatives to safeguard the failing
industry system. After 1971 policies were again revised to support the industrial system.
Pakistan Industrial and Commercial Investment Corporation (PICIC) and the Industrial
Development Bank of Pakistan (IDBP) were added to finance industrialisation.6 It was a
significant financial setup that led to a small industrial mechanism in Pakistan.

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Nationalisation of Industry

The policy of nationalisation was imposed through the ERO (Economic Reforms
Order 1972). As a result, the government took over the management of ten critical
industries like steel, heavy machinery, motor vehicles and tractors manufacturing,
chemicals, cement, oil & gas fields, refineries, and public utilities.7 In 1975, small-size agro-
processing units were also nationalised; at that time ministry of production Pakistan was
managing 75 industrial units, which included chemicals, fertiliser, automobiles, cement,
petroleum, and steel.8 However, productivity decreased during this period of five years,
and the nationalisation policy was not fruitful for the economy.

Privatisation of Industry
In 1978 ERO-1972 was abolished with new reforms, and the government decided
to hand over the public industry to the private sector by industrial property orders in 1979.
The private sector was permitted to participate in infrastructure development, power
generation, roads, and dam construction projects, so one hundred companies were
privatised. This new policy motivated the private sector, and an extraordinary increase in
manufacturing and production was recorded during this period. The experiment of the
new industrial policy gave confidence to private firms. They produced suitable economic
activities and amplified GDP from 17.81 billion USD (1978) to 31.81 billion USD in 1985.9

Small-Scale Industrial Structure of Pakistan

Pakistan's economy relies heavily on its modest manufacturing sector. It plays a

vital role in national growth. It contributes to development in many ways, generating
employment for an increasing labour force, enhancing exports, and increasing value
addition in the country's GDP. A small industry has less than 100 employees with
production and assets between Rs. 2 to 20 million. Pakistan's policy on small to medium
industry aims to establish small-scale units all over the country. The manufacturing
sector's legal and regulatory agenda consists of several components, including direct and
indirect taxes and labour regulations.10

The government of Pakistan has a compensatory agenda for small-scale

Industries. The main features of Pakistan's industrial plan have victimised the small
industrial sector.11 Industrialisation was encouraged through.

 Investment incentives
 Direct credit and subsidised interest rate
 Trade regulation
 Public sector investment programs

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Figure -3: Pakistan Textile Exports

(Source: Compiled by Author)

Small industrial states are established in every city of Pakistan to give rise to local
production and national markets to cover the country's growing demand. The small-scale
spinning, waving, and textile units produce good quality yarn and cloths where the cotton
crop is cultivated in access. Currently, Pakistan's textile industry is passing through the
worst phase of its textile production and export, which was around 13.79$ billion USD in
2011, with a slightly declined in 2020 to 12.55 billion USD and re-recorded a high in the
year 2021 to 15.40$ billion USD.12

Figure -4: Pakistan Small to Medium Industrial Structure

(Source: Compiled by Author)

This textile production and export rise resulted from government policy,
encouraging small industries to increase the country's GDP. The flow chart shows how
SMEs work in Pakistan.

The government of Pakistan is working on developing small-scale industries as it

provides 80% employment to labourers, further reducing unemployment and offering
opportunities for self-employment. Take the example of Punjab province, a Small

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industries Corporation (SIC) was established to boost the performance of small-scale

industries. Every district in the province of Punjab has its small industrial estate directly
monitored and controlled by the provincial ministry of industries. Small home units of
biscuits, herbs, carpets, candle-making, garments, embroidery, and handicrafts provide
opportunities for women, especially those living in rural areas.13

According to the population, Punjab is one of the largest provinces of Pakistan. It

has more than 48000 industrial units, out of which 39033 small size industrial units are
working here, including 11820 textile units, and 6778 cotton and ginning. For the
processing agricultural raw materials, food, and feed, 6355 units are currently
functioning.14

Primary small industry relates to the family business where few workers are
employed. The prominent small industries in Pakistan include garments, surgical, sports
equipment, hosiery, home embroidery, electrical equipment, leather processing, poultry,
handicrafts, woodwork, and brick and tiles manufacturing. These small-scale industrial
units also provide raw materials to large industries.

The impact of nationalisation was another step when prominent industrialists

were scared, and they started setting up small units to avoid Pakistan ERO-1972. During
this period, the foreign remittance of Pakistan was recorded high, up to 3 billion USD
supporting the small industries, so the growth rate of increase by 27.5% annually. 15

Role of the Ministry of Industries and Production (MOIP)

Pakistan MOIP is part of the Executive, Legislative, and other general

governments to Support the Industry. Therefore, it plays a crucial role in providing a
conducive environment for industrial development in the country. Pakistan is gifted with
all the essential prerequisites of industrialisation: the availability of raw materials,
economical labour, entrepreneurship, and a domestic consumer market of around 190
million people.16 The vision is to achieve efficient, sustainable and inclusive industrial
development.

MOIP functions under the Rule of Business-1973; some of the critical functions
are as under;

 National industrial planning and coordination

 Implementation of lasted Industrial Policy
 Monitoring the employment of foreign personnel in industrial sectors.
 Encouraging federal agencies and institutes to enhance industrial
productivity and testing industrial products
 Monitoring and controlling general price trends and supply position of
essential supplies, price, and distribution between the provinces
 Administrative, financial, operational, personnel, and commercial
matters related to the industrial sector

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The economic policymakers are now focused on establishing formal financial

markets to overcome the financial constraints faced by the SME sector in Pakistan. 17

The Factories Act 1973

This legislation outlines the working conditions. According to the act, a factory is
a site where more than ten workers are employed or were employed over the preceding
twelve months or any portion of a manufacturing process, excluding mines. "Here it is
worth mentioning that the number of workers was originally stated as twenty or more,
but later changed to ten or more workers by the Factories Amendment Act of 1973".18

Establishment of the National Industrial Relations Commission (NIRC)

To monitor and control illegal and regulatory affairs, NIRC was established in
1972 and is now constituted under Section 53 of IRA 2012. The primary purpose of NIRC is
to regulate relations between employers (owners of any Industry) and workers. It handles
unfair labour practices on the part of employers and workers, industrial disputes,
registration of trans provisional trade unions

The commission comprises a panel of judges from the civil, session, and district
courts, trained officers from the federal government, and a registrar supervised by a
Supreme Court of Pakistan judge. It promotes industrial peace, which is essential for high
productivity in commercial institutions.19

Japanese Industries
Japan is a prime East Asian developed country; its annual growth rate in 1968
was 12.9 %, the highest following 4.1% in 2010, and during Covid-19, in 2020, it was -4.6%,
Japan's economy after world war-II progressed fast. Japan was the world's number one
country with the highest GDP.20 The rapid deployment of industries all around the
country played a prominent role in the economy of Japan. Before the WW-II, industrial
production in small yards, especially in small local workshops, was a distinguishing
feature of the Japanese economy. From the 1960s to the 1980s, Japan attained the
maximum economic growth rate in the world. This growth was gained by a high
investment rate in industrious plants and equipment with the applications of efficient
industrial techniques. In the early 1990s, this abrupt growth became deceptive; the finance
ministry of Japan increased the interest rates, resulting in Japan's stock market crash and
the bubble economy burst. Here, the debt crisis stopped economic development and led
to new phenomena known as the lost decades (20 years), which continued up to the 2000s
with GDP rates of 1.4% and 1%. Currently, in Japan, 3.58 million small to medium
industries are operational, and they are 99.7% of whole industries; it's worth mentioning
that today SMEs support Japan's economy.21

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History of Japan's Industrial Development

While talking about the history of Japan's industrialisation, Japan closed its
borders for about 200 years no one was allowed to enter or leave Japan. Even trade was
limited to three countries. This period is called the EDO period; in 1868, Meiji (King) was
restored at the end of the EDO period. The Japanese government decided to boost the
economy with a public model industrial structure; later, these public companies were
privatised and taken by financially strong families. Moreover, they made new business
firms. So, the largest were Zaibatsu from 1868 to 1945; they were prominent industrialists
and economically robust. They had strong relations with Japanese politicians and the
military. They were a family of businessmen holding all major companies and their
subsidiaries in Japan up to 1945. Zaibatsu held 24.5% shares and was a significant pillar of
Japan's economy. They were also blamed for WW-II supporters by the Americans and were
dissolved by the Americans after the war.22,23

The head of the companies were mainly the head military officers of Japan. Four
giant companies were Mitsui, Mitsubishi, Sumitomo, and Yasuda. They deal with coal
mining, trading, shipbuilding, cloth & car manufacturing, and banking. They were business
tycoons and substantially impacted Japan's economy; some are still powerful and in
operation. However, other smaller companies include Furukawa, Nihon Sangyo (Nissan),
Nihon Chiso, Mori and Nihon Soda.24 These companies provided employment and high
production to support the economy.

The main features of postwar Japanese industrial policy are listed as under:

 Inter-industrial resource allocation policy comprises the reorganisation

of industries and the promotion of specific sectors
 Industrial organisation policy refers to the policy that aims to alter the
degree of economic activity of individual firms to produce the desired
competitive environment. Policy about the industry-specific internal
organisation. The policy encompasses investment adjustment,
production adjustment, and industry reorganisation. Guideline for the
industrial organisation of many industries. For example, small and
medium-sized business policies.

In the past, Japan's Ministry of International Trade and Industry (MITI)

promoted industry changes to eliminate additional competition. The MITI has
consistently recognised that the size of Japanese firms is too small relative to those of
other developed nations, meaning that Japanese firms may not be able to compete with
those of other developed countries even during periods of rapid economic growth.
Therefore, MITI in Japan promoted industry reforms to exclude different competition.
MITI has always realised that the size of Japanese firms was too small compared with that
of other advanced countries, so Japanese firms might not compete with those of
developed countries even in a period of high economic growth.25

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Small and Medium Enterprise (SMEs) in Japan

The SME basic act and the SME Agency were established in 1948 and enacted 15
years later, in 1963. The act aimed to close several gaps in productivity, salary disparities,
etc., between small and large businesses. For this, action plans were proposed. The
amended SME Basic Act in 1990 rejected the notion that SMEs were inherently weak and
required special attention. New roles were defined as founding new industries, creating
more jobs, encouraging market competition, and local economic activities in
communities. When it came to the dual economy, which pitted strong huge companies
against struggling SMEs, a new policy goal of promoting the diversified development of
SMEs has taken place.

Further, in 2000, a revision of the Shindan system advised the SMEs under the
act of 1963. In 2012 government of Japan revised the policy from direct state support to
state-certified private support. Here, financers and private high-calibre consultants were
identified and accredited. As a result, there were 35264 qualified service providers till
February 2020.26 Finally, in 2014, the basic act for the promotion of small-scale business
establishments. This law attempted to establish a system centred in the community where
industry and regional business organisations support regional chambers of commerce and
small businesses. This is to encourage regional business organisations and chambers of
commerce to increase mandating proactive analytical and management support in
addition to accounting and tax support approach, prospective market size, and sales
promotion.

Role of the Japanese International Cooperation Agency (JICA) for SMEs

The JICA has played a significant role in the growth and promotion of Japanese
SMEs inside and outside Japan; it has identified five critical functions for SMEs globally,27
which are as under:

 SMEs contribute substantially to the economic activities of the country.

 SMEs are a vital source of economic growth due to their adaptability and
capability
 SMEs are the Principal supplier of outsourced goods and services
 SMEs stabilise social and economic roles in urban and rural
environments.
 SMEs play a pivotal role in the growth of economies at the state,
province, and local levels.

Japan's growth rate has been progressively decreasing in recent years; the main
reasons are operating costs on a smaller scale and with fewer financial, technical, and
human resources. The government may help small businesses overcome technical hurdles
by providing them with specialised education and training and further to overcome
financial limitations by providing them with financial assistance. However, most policies
are well-suited for SMEs to boost Japan's economy.

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Labour Laws of Japan

This constitutional framework serves as the foundation for Japanese labour

legislation. Acts, regulations, collective bargaining agreements, and work standards help
to elaborate it. Employment contracts are defined in general terms in the Civil Code,
which was approved on April 27, 1896. By establishing basic labour standards, labour laws
must also adhere to constitutional requirements. There are three primary labour laws,
specifically.28 Labour Standards Law (LSL), Trade Union Law (TUL), and Labour Relations
Adjustment Law (LRAL).

The LSL controls the workplace's working environment, safety, and hygiene. The
TUL ensures employees' right to unionise and engage in collective bargaining, while the
LRAL outlines labour management changes and dispute resolution procedures.29
Currently, Japanese employment rules mandate a maximum 40-hour work week, or 8
hours each day. In addition, one day of rest must be taken each week. According to
Japanese labour standards, employers who force workers to work beyond these hours or
on forbidden days face legal and criminal fines.30

Role of Ministry of Health, Labour, and Welfare (MHLW) Japan

To guarantee that workers can live healthy, pleasant lives, the Labor Standards
Bureau works under the supervision of MHLW and protects and enhances working
conditions. The bureau's duties also include providing workers with adequate
compensation packages and creating broad strategies to ensure their stability in life.
Providing them with quick compensation also aids employees and bereaved families who
have been the victims of industrial accidents. Additionally, it is implementing the general
rehabilitation program for employees involved in workplace accidents and offering
nursing care facilities for those employees gravely hurt on the job. It is also in charge of
collecting labour insurance premiums for administration.31

Comparative Analysis SMEs

A comparison of Pakistan's and Japan's industrial histories and development
patterns revealed that both nations had identical economic situations after World War II
and that the Japanese economy was shattered because of World War II. However, at that
time, Japan had more potent human resources, and indications of recent economic
growth were already visible. On the other hand, Pakistan started struggling with a deficit
in the industrial system as its backbone. As a result, it needed to revitalise its ailing
economy and people resources and could not train its workforce.

Another failure was Pakistan fostered large-scale industry structure and policies
changing experiments and lost investors' confidence. As a result, it is still a long way from
taking off, and Pakistan emerged as one of the world's low-GDP countries with a high
unemployment rate. While the Japanese industrial system greatly impacted the country's
GDP growth, they focused on building SMEs, infrastructure enhancements, industrial
policy clarification, stability, and taxation system improvements. These changes in the

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economic climate created a demand for high-quality products and GDP growth. Here
another emphasis was labour welfare, and labour laws are an essential part of the Japanese
industrial system; the MHLW Japan took special initiatives to protect the public and
workers' rights, including insurance and pensions after retirement. This act gave working
employees extra confidence and job satisfaction.

On the other hand, employers are responsible for managing workers' finances,
including permissible daily, weekly, and monthly overtime. While Pakistan still lacks in
implementing labour laws, most industrial owners deceive the government and social
security departments. They don't even register their employees for old age benefits like
pensions and medical facilities. Poor health and financial conditions of labour strongly
impact the quality and quantity of production, resultantly less GDP and export orders,
even failing to ship orders on time. Therefore, Pakistan must revise and reconsider the
labour welfare policy to safeguard workers' interests. Currently, the ministry of industries
and production Pakistan is again emphasising the establishment of large enterprises like
oil refineries, car production, cement, textile, fertilisers, and steel failed to invite foreign
investors in Pakistan once more derailed economic progress. However, Japan's SME
policies are continuously amended according to requirements, but the Pakistan
government is still late in supporting small businesses for quality production and
employment generation.

Conclusion
The purpose of this research study was to learn about the rapid growth of the
Japanese industry and its impact on the Japanese GDP and how Pakistan can improve its
SME structure, policies and laws, which can help to boost the economic conditions of
Pakistan. When comparing the small-scale industrial system of Pakistan and Japan, it is
clear that Japanese industries are performing very well and contributing to the country's
GDP. A stable economy is based upon ease of doing business, technical advancements,
and innovation policy, while Pakistan is struggling with low GDP and a load of external
and internal debts. The availability of energy is a big issue for Pakistan. Most of the time,
we import oil and gas from other countries, subsequent in high production costs. The
high oil prices and energy shortage affect the country's industrial yield, resulting in high
unemployment and, ultimately low economy. Being the 5th largest populated country, the
availability of a skilled and cheap labour force is advantageous. There are multiple areas
where Pakistan and Japan may cooperate and strengthen economic, trade, and industrial
connections. Pakistan is interested in doing so and has a lenient approach toward Japan.
Pakistan has opened practically all sectors to overseas investment, especially services and
agriculture. Pakistan offers inexpensive labour, feedstock, power, and capital rules that are
friendly to foreign investors. Pakistani Engineers, IT professionals and highly skilled
technologists are good human resources. Japan has a lot of money, cutting-edge
technologies in SMEs, and strong managerial skills. Compounding the factors mentioned
earlier can result in competitive industrial growth in the south Asian region. There is
plenty of possibility for more collaboration in various areas, including energy,
environment, agriculture, and food production.

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The energy policy for small to medium enterprises is essential to supporting a

high production rate with low caste. Still, unfortunately, the acute energy shortfall of
power had the worst impact on Pakistan's industrial sector and destroyed the small
industries. The government offered subsidies to the industrial sector, which is not enough
because the taxing system is very complex, including different surcharges, which increase
the per unit cost resulting in the production price increasing and losing customers.
However, Japan's government ensures energy availability at an affordable rate, including
monetary support to all industrial sectors, which is a positive sign to enhance production.

JICA and the Government of Japan are currently helping to exchange ideas and
provide training to Pakistan in industrial sectors, including the overseas development
assistance program. Lastly, the most important things are loyalty, honesty, commitment
to work and time management. Japanese people believe the key to success is giving
customers an economic boost and assurance that they will get their products with the best
quality and standards. Given facts, Pakistan needs to revise industrial policies based on
ease of doing business with tax reforms for SMEs and focus on shaping people's behaviour
towards best practices.

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Endnotes
1
“International Monetary Fund”
https://www.imf.org/en/Publications/WEO/weodatabase/2021/April/weo-report. Accessed 25 Nov.
2022.
2
“Economic Growth.” Haq’s Musings, www.riazhaq.com/2022/06/pakistans-fiscal-year-2022-GDP-
reaches.html. Accessed 30 Nov. 2022.
3
David Flath,. The Japanese Economy (4th Edn). Oxford Academic,
doi.org/10.1093/oso/9780192865342.001.0001.
4
“Japan Industrial Production November 2021.” Focus Economics, 21 Dec. 2021, www.focus-
economics.com/countries/japan/news/industrial-production/industrial-output-growth-hits-over-30-
year-high-in.
5
V .Ahmed, and Amajd. “The Management of Pakistan’s Economy 1947-1982.” Oxford University Press,
Karachi, 1984.
6
N. Islam “Industrial Development in Pakistan: Development Planning and Policy in Pakistan 1950-70.”
National Institute of Social and Economic Research, 1973.
7
“National Assembly of Pakistan”, www.na.gov.pk/uploads/documents/1491800085_456. pdf. Accessed
27 Nov. 2022.
8
Rashid Amjad,. “Industrial Concentration and Economic Power in Pakistan.” Pakistan Economic and
Social Review, 1976, www.jstor.org/stable/pdf/25821361.pdf?seq=1
9
“Privatization of Nationalized Industry.” State Bank of Pakistan, 1998, www.sbp.org.pk/70/sup-14.asp.
10
“Small Industry Feature and Structure.” State Bank of Pakistan, 2018, www.sbp.org.pk/Incen-
others/index.asp.
11
Ibid.
12
“Pakistan Textile Industry.” Textile and Garments, 2021.
https://www.southasiainvestor.com/2021/07/pakistans-textile-garment-exports-set.html.
13
M. H., Malik, A. A., Cheema, & Havinga, I. C. (1986). The Role of Small-scale Industry in Pakistan’s
Economy and Government Incentives [with Comments]. Pakistan Development Review, 25(4), 789–
807. http://www.jstor.org/stable/41258791
14
“Yearbook 2017-18.” Ministry of Industries & Production Pakistan, 2019,
https://moip.gov.pk/frmDetails.aspx
15
“Policies and Plans.” Ministry of Industries & Production Pakistan, 2022,
https://moip.gov.pk/policiesDetails.aspx
16
World Bank National Accounts Data, and OECD National Accounts.” World Bank, 2022,
data.worldbank.org/indicator/NY.GDP.MKTP.CD.
17
“Cottage and Small-Scale Industries.” Punjab Board of Investment & Trade, 2022,
www.pbit.gop.pk/smeda.
18
Ibid.
19
“Pakistan Labor Laws and Welfare.” NATIONAL INDUSTRIAL RELATIONS COMMISSION, 2022,
www.nirc.gov.pk
20
John W. Hall. “The Cambridge History of Japan”, vol. 4: Early Modern Japan, Cambridge: Cambridge
University Press, 1991.
21
Karl Friday. “Japan Emerging: Premodern History to 1850”, Boulder: Westview Press, 2012.
22
Ibid.
23
“Japan’s ’lost Decades.” NIKKIE ASIA, 2022, asia.nikkei.com/Opinion/New-research-reveals-the-myth-
of-Japan-s-lost-decades.
24
enichiOhno, K, et al. Policy Design and Implementation in Developing Countries (PAD3020E/8021E).
GRIPS, 2022, www.grips.ac.jp/teacher/oono/hp/index.html
25
“Share of SMEs in the Japanese Economy.” Small and Medium Enterprise Agency, 2022,
www.chusho.meti.go.jp/sme_english/outline/07/01.html
26
.“Share of SMEs in the Japanese Economy.” Small and Medium Enterprise Agency, 2022,
www.chusho.meti.go.jp/sme_english/outline/07/01.html.
27
“National Labour Law Profile: Japan.” International Labour Organization, 2022,
www.ilo.org/ifpdial/information-resources/national-labour-law-profiles/WCMS_158904/lang--
en/index.htm.
28
Koyama Yoshio,. Industrial Structure Transformation and SME Promotion System in Japan. JICA SME
Senior Advisor, Institute for International Cooperation, 2006.

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98 Nabeel ul Rehman

29
“Labor Standards Act.” Japanese Law Translator, 2001,
www.japaneselawtranslation.go.jp/en/laws/view/3567
30
“Ministry of Health, Labour and Welfare.” National Centers for Advanced and Specialized Medical Care
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ISSRA Papers Volume- XIV, 2022 [85-98]