Nationalization in Pakistan

The Nationalization process in Pakistan (or historically simply regarded as the "Nationalization in Pakistan") was a policy measure programme in the economic history of Pakistan, first introduced, promulgated and implemented by people-elected Prime Minister Zulfikar Ali Bhutto and the Pakistan Peoples Party to lay the foundation of socialist economics reforms to improve the growth of national economy of Pakistan. Since the 1950s, the country had a speedy industrialisation and became an industrial paradise in Asia. But, as time progressed, the labour trade unions and labour-working class had strained relations with the industrial business oligarch classes, completely neglected the work conditions and failed to provide healthy environment to the workers class in the industries.

The nationalisation programme began on 2 January 1972, in a vision to promote economic democracy, liberalisation, and a mainstream initial goal to put Pakistan in the line of state of progressivism. Ended effectively in 1977, the nationalisation programme was again put forward by Prime Minister Benazir Bhutto in 1996, and as of current Prime minister Yousaf Raza Gillani in 2012 who activated the programme to bring three major megacorporations (Steel Mills, Railways and International Airlines) under the government ownership in an attempt to improve its structure and to alleviate its profitable process.

Despite its success in its formative years, such policy measure programmes met with an extreme level of spontaneous demonstration and international and national opposition that left disastrous effects on Pakistan's national economy until it was replaced with the privatisation programme set forward by Prime Minister Nawaz Sharif in 1990 until the programme's final execution in 2008 by Shaukat Aziz.

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