at the same time you should consider the situation like in 1992 when economy was liberalized india was normal country (there was peace ) in pakistan there is no peace so foreign investors will think twice before investing there
in 1992 india was a huge market which attracted all companies to setup base in india which is not the case with pakistan
india had huge talent pool which were able to support any R&D base in india which is not the case with pakistan
indina infrastructure is not as good as china but pakistan's infra. is worst (for ex . there is not luguage train in pakistan right now, power shortage in pakistan is among worst in whole region)
1992 was the time when indian started getting cozy with west (Europe and america) while right now pakistan is distancing itself from west
considering these points i find it hard for any kind of industry to grow in palistan