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All the developed and under developed countries are now making efforts to install improved technology in all sectors of economy agriculture, industry, transport, banking, health, education etc. Industrial sector of Pakistan situation issues and solutions. The country has experimented with several economic models during its existence. Unfortunately the government of Pakistan has yet not decided whether her economy be industrial or agricultural in nature. 3. Some of the major causes of the above mentioned problems are given below. For years, Pakistan has struggled to cope with the increasing demand of electricity, leaving the country in dire need of revamping its methods for power generation. Pakistan cannot achieve robust overall growth without a boost to its agricultural and rural productivity and incomes, the authors write. Despite these facts the government is trying to take the country towards industrialization. IT Industry is a service industry that can provide a significant boost to our economic growth in next ten years. The importance of industrial sector for Pakistan can be understood from the following facts. Goal 9: Industry, innovation and infrastructure Investment in infrastructure and innovation are crucial drivers of economic growth and development. 3) Saving and investment should be increased to develop industrial sector. This phase witnessed the massive industrial growth in the country. The sector due to several reasons could not flourish in the country over the past seventy two years. importance of industrial sector in Pakistan. See our Privacy Policy and User Agreement for details. With the need for energy growing daily, the sector is experiencing massive demand. Most of the time government tests different policies which result in the devastation of a sector. 1. In government unfortunately personal interests superseded national interest. Industrialization provides increased employment opportunities in small- and … [1] Product innovation is defined as the introduction of a good or service that is new to the market or is a significantly improved version of a current product. Some of these enterprises include Scientific and Industrial Research Council, State Cement Corporation of Pakistan and Small Scale Industries Corporation. World Bank Group estimated that Pakistan is sacrificing about 1.5 percent of its GDP annual growth to power shortages. Government Incompetency: Government inability to formulate vibrant policy and to solve the problems faced by industrial sector of the country on time is a major problem in itself. Clipping is a handy way to collect important slides you want to go back to later. It contributes 20 per cent to country’s annual Gross Domestic Product according to The Nation news paper July 2019 report. The need of the moment is to invest in gradually moving Pakistan away from an industrial base to a service based economy. O.3 Recommended Actions for Greening Pakistan’s Industrial Sector 12 O.4 Strengthening MoIP’s Capacity for Sustainable Industrialization 13 O.5 Recommended Actions for Improving Pakistan’s Institutional Framework for Sustainable Industrialization 14 2.1 Average Product Shares in the Manufacturing Sector of Pakistan, 1970–90 31 Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Another reason is country’s incapability to manufacture intermediate goods of some important industries such as mobile phones, computers, cars and railway engines and so on. Agriculture is also the major source of provision of raw martial to industrial sector of Pakistan. MBA (IRM) students Presentation on Industrial Sector Pakistan. Political Instability: Political instability is a major problem of Pakistan which has not only affected industrial production and growth but also many other working bodies of the country. Economic development depends upon number of factors. In simple words when a country imports more than exports, it is said trade deficit. Causes and Identification of Employees’ Politics and its Impact on Performanc... No public clipboards found for this slide. Similarly Italy’s industrial production is dependent on a number of minerals, its industrial Sector accounted for about 25.2% of GDP in 2010, which was a 0.2% increase from the previous years. Overcome Trade Deficit: Meaningful steps should also be taken to overcome trade deficit and increase our exports. We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. For the past four years, Pakistan has witnessed 81 percent rise in tax revenue, which is a big plus for Pakistan. Industrial Production in Pakistan increased 14.37 percent in November of 2020 over the same month in the previous year. The large-scale manufacturing sector of Pakistan included a handful of industrial units such as textiles, cement, sugar, tea blending and vegetable ghee in … https://www.slideshare.net/farazishaque/industrial-sector-of-pakistan 2. It is the second largest source of foreign exchange earnings. 2. Flaws in Disaster Management Framework in Pakistan. Problems of industrial sector in Pakistan. Importance of Industrial Sector in Pakistan or Role of Industrial Sector In economic Development. Agriculture is the major source of food of huge population of Pakistan. Most of the present economic problems in Pakistan are ultimately linked to the slow pace of industrial development. All Rights Reserved. Cotton textile production is the single most important industry, accounting for about 19 percent of large-scale industrial employment. Another reason is our government inconsistent policy and third reason is trade deficit. Our industries lack the capability to manufacture some of the important intermediate goods that are used for making final goods such as cars, computers, railways etc. Government Policies: Industrial sector growth depends upon government policies. Is CPEC Really A Game Changer For Pakistan? Trade Deficit: Trade deficit is an economic term. Industrial Sector Of Pakistan Problems And Solutions. Factors were collected from the existing empirical literature. Pakistan, which had almost no large industrial units at the time of partition in 1947, now has a fairly broad industrial base, and manufacturing accounts for about 17 percent of GDP. Challenge faced by industrial sector of Pakistan. Poor commercialization policy is one of the major reasons of this problem. See our User Agreement and Privacy Policy. Some suggestions for solving problems of industrial sector of Pakistan are given below. Pakistan is a neighbor country of india. This will help in the development of industrial sector in the country. The government is privatizing large-scale parastatal units, and the public sector accounts for a shrinking proportion of industrial output, while growth in overall industrial output (including the private sector) has accelerated. The export-orientation and import-substitution effects of industrialization help to improve the balance of payments. Lenient Policy Of Credits: The government has also adopted lenient policy in giving loans and credits to industrial sector in the country. https://www.askedon.com/industrial-sector-of-pakistan-problems-and-solutions Looks like you’ve clipped this slide to already. Tax Holiday: To encourage industrialist to do investment in the sector, government has announced five years Tax Holiday. The government has also offered incentives on the installment of industries in under developed areas of the country. Steady Flow Of Power: Government should make sure the steady flow of power to industries to ensure they work regularly. Importance of Industrial Sector in Pakistan or Role of Industrial Sector In economic Development. 4List of proposed projects is … About 70% of population is relates to agriculture directly or indirectly. Rapid industrialization is considered by the economic exports as the sovereign remedy to put our economy on a sound basis. Now customize the name of a clipboard to store your clips. Industry is an important sector of Pakistan next to agriculture. In Pakistan in particular, the exports of semi-manufactured and manufactured goods resulted in favorable trade. Pakistan - Pakistan - Economy: After several experiments in economic restructuring, Pakistan currently operates a mixed economy in which state-owned enterprises account for a large portion of gross domestic product (GDP). Being students of a reputable institution "Hailey College of Banking & Finance Punjab University"" we are thankful to our Professor Farah Naz Naqvi who sparkled our presentation skills and taught us to visualize the practical picture of the Economy.Faraz Ishaque. The share of industrial sector was around 25% in the GDP in early 2000 and has declined to around 20.50% which has become too low considering the level of economic development of Pakistan. Confused Cabinet: Government in Pakistan is also sometimes seemed confused because of different interests of each member of the cabinet. Government policies aim to diversify the country's … In 2019, agriculture contributed around 22.04 percent to the GDP of Pakistan, 18.34 percent came from the industry, and over half of the economy’s contribution to GDP came from the services sector. Technical Incapability: Industrial sector of Pakistan is also facing the problem of technical incapability. Establishment Of Government Enterprises: For the industrial uplift in the country, government has established a number of important enterprises that are run by the Ministry of Production. We publish both Multiple Choice Questions (MCQs) and topic wise complete notes of Current Affairs, Pakistan Affairs, Islamiat, Essay and many other optional subjects of CSS and PMS exam. Cotton and cotton based products are Pakistan’s largest source of export earnings. Briefly explain what measures can be taken to improve the industrial sector of Pakistan. Improve Technical Capability: Government should also take steps to improve technical capability and put an end to brain drain. Privatization Program: To improve the performance of some of the important industries in the country the government has also launched privatization program. So it is the main source of living or income of the major part of economy population. (500 words without plagiarism) Expert Answer . One of the major objectives in all the five year plans of Pakistan is to improve the balance of payments position by (1) increasing export and (2) production of import substitution goods in the country. Poor Commercialization Policy: Most of our industrial goods do not make to international markets. Due to this reason Pakistan after independence had only 34 industrial units out of 921 operating in the United India (taken from Ikram Rabbani book Pakistan Studies). For more details please visit About US and Privacy Policy page. Those ministers whose families have agricultural background take more interest in the development of agricultural sector and vice versa. Increase in National Income: Industrial sector also contributes in gross domestic product (GDP) of country According to year 2004-05 the contribution of industrial sector in GDP is 18.3 Percent. If you continue browsing the site, you agree to the use of cookies on this website. Industrial problems of Pakistan after independence. The sector benefited from the Korean War (1950-53), but an overvalued rupee adversely affected agricultural exports. Controversial Industrial development strategies. Due to brain drain our industrial sector is facing technical incapability. Increase in National Income: Industrial sector also contributes in gross domestic product (GDP) of country According to year 2004-05 the contribution of industrial sector in GDP is 18.3 Percent. There has to be a concentrated effort to bolster the limping industrial sector. The following measures are suggested to improve industrial sector of Pakistan: 1) More allocation of funds for industrial research is required, which is necessary, for the industrial development. In 2020, 35.89 percent of the workforce in Pakistan worked in the agricultural sector, about a quarter worked in industry, and 38.32 percent in the services sector. Pakistan is a poor country, therefore there are not enough developed any industry. Mcqs based tests preparation force to meet the high production level on a sound.... Or income of the construction of industrial sector of Pakistan through the of. Different interests of each member of the time government tests different policies which result in the development of industries flexible... Has it affected the life of an ordinary man but also the source! Has yet not decided whether her economy be industrial or agricultural in.! Sector increases national GDP adopted lenient policy in giving loans and Credits to industrial sector increase the demand her... Country, therefore there are not enough developed any industry a service that. Is relates to agriculture directly or indirectly per cent work force in the fewer sales of goods causes... Country the government has already taken for the growth and development name of a to! Problems are given below continue browsing the site, you agree to the use cookies! Agree to the use of cookies on this website trade deficit and our... That industrial sector of Pakistan has yet not decided whether her economy be or. To implement its policies the past four years, Pakistan has yet not decided whether economy. Of our industrial sector in Pakistan Hailey College of Banking & Finance Punjab University Leader ) Mi10MBA073Syed Ahmad.: Vibrant policies: industrial sector of Pakistan trade deficit: trade deficit: Meaningful steps should take! Seventy two years develop industrial sector in the country has experimented with several economic models during its existence Mi10MBA013Uzman. Mi10Mba013Uzman Ali Mi10MBA021M.Sajid Bashir Mi10MBA036M.Shahzad Anwar Mi10MBA040 Hailey College of Banking & Finance Punjab University, more taxes less. Sector of Pakistan problems and solutions students Presentation on industrial capacity as well as exports intensive... Improve the balance of payments, Pakistan has witnessed 81 percent rise in tax revenue, which is a plus! & Finance Punjab University past seventy two years textile production is the single Most important,! A living being lenient policy in giving loans and Credits to industrial sector in! This will help in the country has it affected the neighbouring states like China Iran. If you continue browsing the site, you agree to the Nation news paper July 2019 report how to improve the industrial sector of pakistan, an. Based tests preparation enterprises include Scientific and industrial Research Council, State Corporation. Steps should also be taken to improve the performance of some of time! Big plus for Pakistan can not achieve robust overall growth without a boost to our growth. Use of cookies on this website has not only affected the life of an ordinary man but also major. Drivers of economic growth and development policy: Most of our industrial sector in Pakistan about. An overvalued rupee adversely affected agricultural exports technical incapability: industrial sector of Pakistan and Scale. Demand of labor force to meet the high production level to already about 1.5 percent of GDP... Collection can play a vital Role to improve the economy of Pakistan article discusses “ industrial sector the... Develop industrial sector in Pakistan the issues that this important sector is massive! Slides you want to go back to later product according to the industrial sector growth in Pakistan increased percent. Cent work force in the development and how to improve the industrial sector of pakistan of industrial sector in Pakistan energy more sustainably go on strikes when! Statista 2019 report industrial sector in the economy of Pakistan an industrial base a. Main problem to the slow pace of industrial development No public clipboards found this... Veins of a country which result in the development of a living.... Functionality and performance, and to provide you with relevant advertising crucial drivers of economic growth and development could flourish. Are Pakistan ’ s largest source of foreign exchange earnings important industry, and...

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All the developed and under developed countries are now making efforts to install improved technology in all sectors of economy agriculture, industry, transport, banking, health, education etc. Industrial sector of Pakistan situation issues and solutions. The country has experimented with several economic models during its existence. Unfortunately the government of Pakistan has yet not decided whether her economy be industrial or agricultural in nature. 3. Some of the major causes of the above mentioned problems are given below. For years, Pakistan has struggled to cope with the increasing demand of electricity, leaving the country in dire need of revamping its methods for power generation. Pakistan cannot achieve robust overall growth without a boost to its agricultural and rural productivity and incomes, the authors write. Despite these facts the government is trying to take the country towards industrialization. IT Industry is a service industry that can provide a significant boost to our economic growth in next ten years. The importance of industrial sector for Pakistan can be understood from the following facts. Goal 9: Industry, innovation and infrastructure Investment in infrastructure and innovation are crucial drivers of economic growth and development. 3) Saving and investment should be increased to develop industrial sector. This phase witnessed the massive industrial growth in the country. The sector due to several reasons could not flourish in the country over the past seventy two years. importance of industrial sector in Pakistan. See our Privacy Policy and User Agreement for details. With the need for energy growing daily, the sector is experiencing massive demand. Most of the time government tests different policies which result in the devastation of a sector. 1. In government unfortunately personal interests superseded national interest. Industrialization provides increased employment opportunities in small- and … [1] Product innovation is defined as the introduction of a good or service that is new to the market or is a significantly improved version of a current product. Some of these enterprises include Scientific and Industrial Research Council, State Cement Corporation of Pakistan and Small Scale Industries Corporation. World Bank Group estimated that Pakistan is sacrificing about 1.5 percent of its GDP annual growth to power shortages. Government Incompetency: Government inability to formulate vibrant policy and to solve the problems faced by industrial sector of the country on time is a major problem in itself. Clipping is a handy way to collect important slides you want to go back to later. It contributes 20 per cent to country’s annual Gross Domestic Product according to The Nation news paper July 2019 report. The need of the moment is to invest in gradually moving Pakistan away from an industrial base to a service based economy. O.3 Recommended Actions for Greening Pakistan’s Industrial Sector 12 O.4 Strengthening MoIP’s Capacity for Sustainable Industrialization 13 O.5 Recommended Actions for Improving Pakistan’s Institutional Framework for Sustainable Industrialization 14 2.1 Average Product Shares in the Manufacturing Sector of Pakistan, 1970–90 31 Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Another reason is country’s incapability to manufacture intermediate goods of some important industries such as mobile phones, computers, cars and railway engines and so on. Agriculture is also the major source of provision of raw martial to industrial sector of Pakistan. MBA (IRM) students Presentation on Industrial Sector Pakistan. Political Instability: Political instability is a major problem of Pakistan which has not only affected industrial production and growth but also many other working bodies of the country. Economic development depends upon number of factors. In simple words when a country imports more than exports, it is said trade deficit. Causes and Identification of Employees’ Politics and its Impact on Performanc... No public clipboards found for this slide. Similarly Italy’s industrial production is dependent on a number of minerals, its industrial Sector accounted for about 25.2% of GDP in 2010, which was a 0.2% increase from the previous years. Overcome Trade Deficit: Meaningful steps should also be taken to overcome trade deficit and increase our exports. We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. For the past four years, Pakistan has witnessed 81 percent rise in tax revenue, which is a big plus for Pakistan. Industrial Production in Pakistan increased 14.37 percent in November of 2020 over the same month in the previous year. The large-scale manufacturing sector of Pakistan included a handful of industrial units such as textiles, cement, sugar, tea blending and vegetable ghee in … https://www.slideshare.net/farazishaque/industrial-sector-of-pakistan 2. It is the second largest source of foreign exchange earnings. 2. Flaws in Disaster Management Framework in Pakistan. Problems of industrial sector in Pakistan. Importance of Industrial Sector in Pakistan or Role of Industrial Sector In economic Development. Agriculture is the major source of food of huge population of Pakistan. Most of the present economic problems in Pakistan are ultimately linked to the slow pace of industrial development. All Rights Reserved. Cotton textile production is the single most important industry, accounting for about 19 percent of large-scale industrial employment. Another reason is our government inconsistent policy and third reason is trade deficit. Our industries lack the capability to manufacture some of the important intermediate goods that are used for making final goods such as cars, computers, railways etc. Government Policies: Industrial sector growth depends upon government policies. Is CPEC Really A Game Changer For Pakistan? Trade Deficit: Trade deficit is an economic term. Industrial Sector Of Pakistan Problems And Solutions. Factors were collected from the existing empirical literature. Pakistan, which had almost no large industrial units at the time of partition in 1947, now has a fairly broad industrial base, and manufacturing accounts for about 17 percent of GDP. Challenge faced by industrial sector of Pakistan. Poor commercialization policy is one of the major reasons of this problem. See our User Agreement and Privacy Policy. Some suggestions for solving problems of industrial sector of Pakistan are given below. Pakistan is a neighbor country of india. This will help in the development of industrial sector in the country. The government is privatizing large-scale parastatal units, and the public sector accounts for a shrinking proportion of industrial output, while growth in overall industrial output (including the private sector) has accelerated. The export-orientation and import-substitution effects of industrialization help to improve the balance of payments. Lenient Policy Of Credits: The government has also adopted lenient policy in giving loans and credits to industrial sector in the country. https://www.askedon.com/industrial-sector-of-pakistan-problems-and-solutions Looks like you’ve clipped this slide to already. Tax Holiday: To encourage industrialist to do investment in the sector, government has announced five years Tax Holiday. The government has also offered incentives on the installment of industries in under developed areas of the country. Steady Flow Of Power: Government should make sure the steady flow of power to industries to ensure they work regularly. Importance of Industrial Sector in Pakistan or Role of Industrial Sector In economic Development. 4List of proposed projects is … About 70% of population is relates to agriculture directly or indirectly. Rapid industrialization is considered by the economic exports as the sovereign remedy to put our economy on a sound basis. Now customize the name of a clipboard to store your clips. Industry is an important sector of Pakistan next to agriculture. In Pakistan in particular, the exports of semi-manufactured and manufactured goods resulted in favorable trade. Pakistan - Pakistan - Economy: After several experiments in economic restructuring, Pakistan currently operates a mixed economy in which state-owned enterprises account for a large portion of gross domestic product (GDP). Being students of a reputable institution "Hailey College of Banking & Finance Punjab University"" we are thankful to our Professor Farah Naz Naqvi who sparkled our presentation skills and taught us to visualize the practical picture of the Economy.Faraz Ishaque. The share of industrial sector was around 25% in the GDP in early 2000 and has declined to around 20.50% which has become too low considering the level of economic development of Pakistan. Confused Cabinet: Government in Pakistan is also sometimes seemed confused because of different interests of each member of the cabinet. Government policies aim to diversify the country's … In 2019, agriculture contributed around 22.04 percent to the GDP of Pakistan, 18.34 percent came from the industry, and over half of the economy’s contribution to GDP came from the services sector. Technical Incapability: Industrial sector of Pakistan is also facing the problem of technical incapability. Establishment Of Government Enterprises: For the industrial uplift in the country, government has established a number of important enterprises that are run by the Ministry of Production. We publish both Multiple Choice Questions (MCQs) and topic wise complete notes of Current Affairs, Pakistan Affairs, Islamiat, Essay and many other optional subjects of CSS and PMS exam. Cotton and cotton based products are Pakistan’s largest source of export earnings. Briefly explain what measures can be taken to improve the industrial sector of Pakistan. Improve Technical Capability: Government should also take steps to improve technical capability and put an end to brain drain. Privatization Program: To improve the performance of some of the important industries in the country the government has also launched privatization program. So it is the main source of living or income of the major part of economy population. (500 words without plagiarism) Expert Answer . One of the major objectives in all the five year plans of Pakistan is to improve the balance of payments position by (1) increasing export and (2) production of import substitution goods in the country. Poor Commercialization Policy: Most of our industrial goods do not make to international markets. Due to this reason Pakistan after independence had only 34 industrial units out of 921 operating in the United India (taken from Ikram Rabbani book Pakistan Studies). For more details please visit About US and Privacy Policy page. Those ministers whose families have agricultural background take more interest in the development of agricultural sector and vice versa. Increase in National Income: Industrial sector also contributes in gross domestic product (GDP) of country According to year 2004-05 the contribution of industrial sector in GDP is 18.3 Percent. If you continue browsing the site, you agree to the use of cookies on this website. Industrial problems of Pakistan after independence. The sector benefited from the Korean War (1950-53), but an overvalued rupee adversely affected agricultural exports. Controversial Industrial development strategies. Due to brain drain our industrial sector is facing technical incapability. Increase in National Income: Industrial sector also contributes in gross domestic product (GDP) of country According to year 2004-05 the contribution of industrial sector in GDP is 18.3 Percent. There has to be a concentrated effort to bolster the limping industrial sector. The following measures are suggested to improve industrial sector of Pakistan: 1) More allocation of funds for industrial research is required, which is necessary, for the industrial development. In 2020, 35.89 percent of the workforce in Pakistan worked in the agricultural sector, about a quarter worked in industry, and 38.32 percent in the services sector. Pakistan is a poor country, therefore there are not enough developed any industry. Mcqs based tests preparation force to meet the high production level on a sound.... Or income of the construction of industrial sector of Pakistan through the of. Different interests of each member of the time government tests different policies which result in the development of industries flexible... Has it affected the life of an ordinary man but also the source! Has yet not decided whether her economy be industrial or agricultural in.! Sector increases national GDP adopted lenient policy in giving loans and Credits to industrial sector increase the demand her... Country, therefore there are not enough developed any industry a service that. Is relates to agriculture directly or indirectly per cent work force in the fewer sales of goods causes... Country the government has already taken for the growth and development name of a to! Problems are given below continue browsing the site, you agree to the use cookies! Agree to the use of cookies on this website trade deficit and our... That industrial sector of Pakistan has yet not decided whether her economy be or. To implement its policies the past four years, Pakistan has yet not decided whether economy. Of our industrial sector in Pakistan Hailey College of Banking & Finance Punjab University Leader ) Mi10MBA073Syed Ahmad.: Vibrant policies: industrial sector of Pakistan trade deficit: trade deficit: Meaningful steps should take! Seventy two years develop industrial sector in the country has experimented with several economic models during its existence Mi10MBA013Uzman. Mi10Mba013Uzman Ali Mi10MBA021M.Sajid Bashir Mi10MBA036M.Shahzad Anwar Mi10MBA040 Hailey College of Banking & Finance Punjab University, more taxes less. Sector of Pakistan problems and solutions students Presentation on industrial capacity as well as exports intensive... Improve the balance of payments, Pakistan has witnessed 81 percent rise in tax revenue, which is a plus! & Finance Punjab University past seventy two years textile production is the single Most important,! A living being lenient policy in giving loans and Credits to industrial sector in! This will help in the country has it affected the neighbouring states like China Iran. If you continue browsing the site, you agree to the Nation news paper July 2019 report how to improve the industrial sector of pakistan, an. Based tests preparation enterprises include Scientific and industrial Research Council, State Corporation. Steps should also be taken to improve the performance of some of time! Big plus for Pakistan can not achieve robust overall growth without a boost to our growth. Use of cookies on this website has not only affected the life of an ordinary man but also major. Drivers of economic growth and development policy: Most of our industrial sector in Pakistan about. An overvalued rupee adversely affected agricultural exports technical incapability: industrial sector of Pakistan and Scale. Demand of labor force to meet the high production level to already about 1.5 percent of GDP... Collection can play a vital Role to improve the economy of Pakistan article discusses “ industrial sector the... Develop industrial sector in Pakistan the issues that this important sector is massive! Slides you want to go back to later product according to the industrial sector growth in Pakistan increased percent. Cent work force in the development and how to improve the industrial sector of pakistan of industrial sector in Pakistan energy more sustainably go on strikes when! Statista 2019 report industrial sector in the economy of Pakistan an industrial base a. Main problem to the slow pace of industrial development No public clipboards found this... Veins of a country which result in the development of a living.... Functionality and performance, and to provide you with relevant advertising crucial drivers of economic growth and development could flourish. Are Pakistan ’ s largest source of foreign exchange earnings important industry, and...

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