Development planning plays a crucial role in the socio-economic development of a country. It aims at optimal utilization of the available resources in order to maximize social welfare. Pakistan has reached to the present stage of development through four and a half decades and during this period its economy has improved tremendously.
The nature and size of the national product has become more diverse and developed, and the new methods and techniques have been adopted. For an economy lacking in a number of natural resources, the transformation has brought Pakistan on the road to progress.
Although the inflow of foreign assistance helped finance rising development outlays, the burden was also borne by domestic savings, especially in relation to the low level of per capital income.
Development planning is termed as overall planning which is concerned with the long term economic and social development of a country. It is aimed at overall development of a society and promoting the standard of living of the people by proper use of all the physical and human resources of the nation. It is all about how to groom like career development in human resources and betterment and grooming of society through fulfillment of their basic needs which increases the standard of living and Society develops.