Q7.What were the negative impacts of nationalization on industry?

Ans. Negative Impacts:

  1. Since the industries came under government control, the capitalists set up

only few industries in Pakistan, due to which the industrial development

slowed down. By taking the control of industrial units, the government

expenditure increased tremendously.

2 .The labour unions took advantage of the political freedom and went on

strikes and demonstrations frequently for seeking increase in benefits, which

greatly affected the performance of the units.

3.Political appointments of the labourers were made in the industrial units for

nothing who were interested more in benefits than in work. So the speed of

work became slow gradually.

4.The salaried staff did not shoulder their responsibilities seriously which

promoted corruption in the country.

5.Due to government control, many low-production units were also running

which increased the burden on the national treasury.