What major nationalization did Bhutto’s government carry out in the early 1970s?
AIndustries, banks, and insurance companies
BFull privatization of all assets
CAbolition of taxation
DAgriculture only
Explanation
– It started in 1972 under Prime Minister Bhutto.
– It reflected a socialist-influenced economic policy.
– Many of these industries were later privatized in later decades.
Exam Relevance
- Topic: General
- Subtopic: General
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