What was Nationalisation of capital goods industries in Pakistan. Explain
Dear student,
The nationalization of capital goods industries was initiated in Pakistan in the 1970s. Nationalization of the capital goods industry refers to when a government takes control of a capital goods company or industry, which generally occurs without compensation for the loss of the net worth of seized assets and potential income.
The Pakistan Govt. nationalized all major metal industries, including iron and steel, heavy engineering, heavy electricals, petrochemicals, cement, and public utilities except the textiles industry and lands.
Regards
The nationalization of capital goods industries was initiated in Pakistan in the 1970s. Nationalization of the capital goods industry refers to when a government takes control of a capital goods company or industry, which generally occurs without compensation for the loss of the net worth of seized assets and potential income.
The Pakistan Govt. nationalized all major metal industries, including iron and steel, heavy engineering, heavy electricals, petrochemicals, cement, and public utilities except the textiles industry and lands.
Regards