Академический Документы
Профессиональный Документы
Культура Документы
Political Career
HIS POLICIES
Reforms
Domestic reforms
Education reforms
Foreign policy
Land reforms
Economic policy
Labor reforms
Nuclear Program
Islamic Summits
Constitution
The early 1970s were the most traumatic and turbulent years of Pakistans
political and economic history.
Large scale nationalization of industry, insurance and banking, extending the state
control of the modern sector significantly.
Nationalization
In March 1972, the government over took the management and control of
thirty-two life insurance companies.
Cotton export and cooking oil industries were nationalized during 1973.
Nationalization
The final wave of nationalization during the Bhutto period came in July
1976 when government unexpectedly took over about three thousand
cotton ginning factories, rice and flour mills with a total turnover of Rs.14
billion and employing 3,000 persons.
Labor Policy
This extended the benefits of reforms to another 1.2 mill workers but elicited
a strong negative reaction from the large number of small businesses which
became a subject to a whole new set of regulations.
The new labor policy added about 12% to the cost of labor and thus met
resistance even by the managers of state enterprises.
Labor policy combined with uncertainty about the attitude of the government
towards the private sector acted as a strong disincentive to further
investment in large-scale industry in the private sector
Educational Reforms
New educational policy- March 1972,
Outlined an ambitious program of educational development
including:
Free