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Under “Nationalization Policy” of Bhutto:

Under “Nationalization Policy” of Bhutto:

  • (A) Only management was nationalized
  • (B) Only finance was controlled
  • (C) Ownership of industry controlled by the government
  • (D) All these were controlled
  • Under Zulfikar Ali Bhutto's Nationalization Policy, implemented between 1972 and 1977, the objective was to limit the economic power of the so-called "22 families" and move towards a socialist model, referred to as Musawat-e-Muhammadi. This was an ambitious policy that included several areas, some of which are mentioned below:
  • Ownership: The government took over 32 large industrial units in ten sectors, including steel, cement, and heavy engineering.
  • Management: Instead of private managers, bureaucrats and professional boards, like the Board of Industrial Management (BIM), were appointed.
  • Finance: In 1974, the government took over all the local commercial banks and life insurance companies, thus gaining power over financial institutions.
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 ‘NATO’ is an abbreviation of:

March 18, 2026 No Comments
  • (A) North Atlantic Treaty Organization
  • (B) Non-Aligned Treaty Organization
  • (C) Non-Aligned Trading Organization
  • (D) North American Transport Organization

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