(ii) Explain the nationalization of banks and insurance companies (in Prime Minister Zulfiqar Ali Bhutto period.

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