In order to meet the credit requirements of industry, the Government also set up specialized credit institutions such as the Pakistan industrial Credit and Investment Corporation (PICIC),the Industrial Development Bank of Pakistan (SBFC), and the National Development Finance Corporation (NDFC).
To fill the technological gap, a number of engineering universities and polytechnics were established. As a result of these measures, the compound growth rate recorded by large-scale manufacturing during the Second Five Year Plan (1960-65) reached 17 per cent and self-sufficiency was almost attained in a large number of consumer goods such as cotton textiles, sugar, vegetable ghee (edible oil), cement, etc.
However, with the change of Government in the early 70s, the industrial policy underwent a radical change.