Publication Date
7-3-2009
Description
The decade of 1970s in Pakistan witnessed a massive redistribution of national assets from the private owners to the state. The reason underlying the then Government’s thinking for this extremely radical action was that the national wealth was being concentrated in the hands of few families and the rich were getting richer and the poor getting poorer. It was asserted by the proponents of this strategy that the state control over allocation of the resources would promote the best interests of the poor. The intellectual support for this strategy was drawn from the success of the Soviet Union and the socialist economic model practiced in that part of the world
Recommended Citation
Husain, I. (2009). Recent Privatizations in Pakistan and Their Impact. Retrieved from https://ir.iba.edu.pk/faculty-research-talks-speeches/53
Notes
Key note address at the Plenary Session of the Conference organized by the Privatization Commission, Government of Pakistan at Islamabad on July 3, 3009