Zulfikar Ali Bhutto was the 9th Prime diplomatic minister and before that, he was the 4th prexy of Pakistan. He served as the prexy from 1971 to 1973 and as the Prime Minister from 1973 to 1977. He formed Pakistan Peoples Party (PPP) in 1967.
After the incision of the military action in East Pakistan, Peoples Party in West Pakistan started demanding for transport of power to the elected representatives in the westward Wing. But the military leaders did not accept this demand. hitherto the kick the bucket of East Pakistan on 16 declination 1971 brought the fall of General Yahya Khan and so he was forced to transfer power to the Peoples Party. So later the resignation of Yahya, Bhutto was inaugurated as President and the Chief Martial Law Administrator on December 20, 1971. He lifted martial law in 1972.
Bhutto introduced socialistic economic reforms and worked to prevent any further division of the country.
providence OF PAKISTAN IN THE NATIONAL CONTEXT
Soon after taking all over the charge, Zulfikar Ali Bhutto announced his new console table. In the very first meeting, cabinet decided to introduce new reforms in the country, like nationalization and labor policy, that are discussed later. On 30th December, Bhutto laid the keister of Pakistans first steel mill at Pipri, nigh(a) Karachi.
NATIONALIZATION:
Nationalization is the process of taking an industry or assets into government ownership by a government or state. Peoples Party had come with a view that socialism is our economy, which refers to a system in which the means of production, distribution and exchange are owned by state or government. So after coming in power, Bhutto, on 1st January 1972, promulgated nationalization and Economic Reforms Order nationalizing 31 key industrial units. spare-time activity are the lists of companies and industries that were nationalized in 1972 and the groups owning them:
UNITS NATIONALIZED IN KARACHI:
1.Steel Corporation of Pakistan
2.Hyesons Steel
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