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Ans: Nationalization of banks and insurance companies: The big capitalist families had their own banks and insurance companies which were encouraging the capitalist system. The government was not gaining any considerable profit from these units. For the economic stability of the country all the insurance companies were nationalized and merged under the control of Stare … Read more
Ans: Zulfiqar Ali Bhutto Era: 20th December 1971 to 5th July 1977: Zulfiqar Ali Bhutto took over the office of President of Pakistan as well as Chief Martial Law Administrator on 20th December 11871. He was the first civilian Chief Martial Law Administrator of the country. To create a new spirit in the nation. enable … Read more
Ans: Obtaining Energy: In order to get continuous supply of electricity and obtain energy, plans were made to increase hydel power production, and change thermal plants to gas and coal plants. Related Questions: Explain the initiatives taken by Zulfikar Ali Bhutto after assuming power in hands. When did Benazir Bhutto took over as the first … Read more
Ans: Reduction in Country’s Deficit: Before the Musharraf period the country’s deficit was 7%, which was brought down to 4.5%. He took many positive measures to reduce poverty from 32% to 20%. Related Questions: Q.vi What is meant by Lahore Declaration? Q.vii Why is the 1973 Constitution called the federal constitution? Q.viii What was the … Read more
Ans: Incentives of Investment: The overseas Pakistanis were advised to make investment in different fields of their country for future development. The foreign investors were also advised to make investments in Pakistan. 22% increase in the investment was achieved. Related Questions: Qv.Under which law did America discontinue the supply of defence armaments to Pakistan? Q.vi … Read more
Ans: Increase in GDP and Setting up of New Industries: Pervez Musharraf and Shaukat Aziz paid special attention to Gross Domestic Product (GDP). There was a 7% increase in it. They made economic policies and set up new industries in the country. Related Questions: Qv.Under which law did America discontinue the supply of defence armaments … Read more
Ans: Negative Impacts: Unemployment increases and employees lose their jobs. The country’s capital decreases and the personal capital increases. The cost of goods increases. Privatization creates unrest and insecurity among the employees working in an institution. Related Questions: Q.iv Write two measures taken for women in the Musharraf government. Qv.Under which law did America discontinue … Read more
Ans:Positive Impacts: The government income increases by privatization. The load on the government to run the institutions is reduced or comes zero. Private institutions are encouraged and investment in the country increases. Quality goods are produced in factories and the work capacity of the employees is increased. Related Questions: Q.iv Write two measures taken for … Read more
Ans: Setting up of New Industries: During Musharraf’s government, many new industries were set up in the country. Car assembly plant industry, motorcycle assembly plant industry, sugar industry, chemical industries, industries for making goods of basic needs, electrical equipment industries, cement industries and steel making industry are worth mentioning. Related Questions: Q.iii Why did President … Read more
Ans: Privatization and Industrialization During the Musharraf Era: Before Pervez Musharraf, Benazir Bhutto and Mian Muhammad Nawaz Sharif started privatization process. Its aim was to end poverty and the payment of foreign loans. In Musharraf and Shaukat Aziz’s government, the income from privatization was spent on the payment of foreign loans and social welfare. The … Read more