This post discusses Zulfiqar Ali Bhutto’s Economic Policy introduced in Pakistan during his tenure from 1972 to 1977. Main features of Bhutto’s Economic Policy The economic policy of Zulfiqar Ali Bhutto was characterized by two important reforms of the nationalization and land reforms as discussed below. Nationalization of institutions Before discussing the nationalization that Bhutto…
This post discusses the reasons for Zulfiqar Ali Bhutto’s coming to power in Pakistan in December 1971. Background Zulfiqar Ali Bhutto came to power in Pakistan in the wake of the 1971 Indo-Pakistan War which had left the country devastated and broken into two. With the surrender of the troops in the war, East Pakistan…
Zulfiqar Ali Bhutto ruled Pakistan as Prime Minister from 1972 -1977. During five years of his rule, Bhutto introduced nationalization and land reforms in Pakistan. This article discusses Bhutto’s reforms, their purpose, and their impact on the economy of Pakistan. The concept ‘Nationalization’ Nationalization refers to bring private sector companies under governmental control. The purpose…