Nationalization Policy | MCQs

Explanation

Zulfikar Ali Bhutto (PPP) announced the nationalization of major industries on January 2, 1972.

These industries included iron and steel, heavy engineering, heavy electricals, petrochemicals, cement, and public utilities.

Explanation

Zulfikar Ali Bhutto (PPP) announced the nationalization of major industries on January 2, 1972.

These industries included iron and steel, heavy engineering, heavy electricals, petrochemicals, cement, and public utilities.

Explanation

Nationalization is the process of taking privately-controlled companies, industries, or assets and putting them under the control of the government.

Bhutto  promulgated the three-staged programme, under "Nationalization and Economic Reforms Order" , which nationalised all major metal industries.

Explanation

In 1974, the government of Pakistan nationalized all private banks under the leadership of Prime Minister Zulfikar Ali Bhutto.