Why bhutto nationalized

They wanted to ensure the distribution of wealth and the prosperity of lay man. However the policy of nationalization started by Bhutto had many defects. It caused a great damage to the private sector. Investment in the private sector was almost finished. Bhutto regime adopted the policy of nationalization with an aim to:.

Zulfiqar Ali Bhutto brought almost all major industries, schools, banks, insurance companies under government control.

The nationalized industries included all major metal iron, steel industries, heavy engineering, and electricals, petrochemicals, cement, etc. In addition, he nationalized the cotton, rice, vegetable oil, and sugar industries. Similarly, he nationalized major banks, insurance companies, and schools throughout the country.

The reforms were put into effect without a proper plan and prior preparation. As a result, the federal ministry of production had to face difficulty to coordinate the nationalization process throughout the country. The process was very slow and at times stopped because of the lack of bureaucratic readiness and expertise. The reforms were introduced at a time when the world was facing a global recession.

Companies all over the world faced declining demand for their goods due to the reduced purchasing power of people. Consequently, major companies had to face closures as they could not afford to pay their employees and operate at a loss.

In such a fragile economic situation, the private sector enterprises in Pakistan also would have closed but the nationalized industries in the country continued to operate. He said lack of knowledge on labour issues was a challenge that was also the basic reason for our lack of organisation. Military regimes withdrew labour rights in order to curtail democratic rights.

Ayub was in close contact with the Americans before the imposition of the martial law and he convinced the Americans that he could stop increasing communist influence. Facebook Count. Twitter Share. Published in Dawn, June 8th, Read more. On DawnNews. Comments 6 Closed. Popular Newest Oldest. Shaukat Ali Khan. Jun 08, pm. Bhutto harmed this nation more than enemies. Length: 5, words.

Lexile Measure: L. Translate Article. Set Interface Language. Decrease font size. Increase font size. Display options. Default More Most. Back to Default Settings Done. Article Preview :. Byline: Mahboob Hussain and Yawar Haroon The history of education in Pakistan is the most significant topic which needs to be highlighted and examined. Key Words: Nationalization Education Privatization Teachers Students Nationalization is a popular phrase in modern times that prevailing in global perspective but confusing concept that is hard to define.