Question:medium

In the decade of the 1970s, Pakistan nationalized its _______ industries. 
(Choose the correct option to fill in the blank)

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Capital goods industries produce machinery and equipment essential for economic growth and industrialization.
Updated On: Jan 13, 2026
  • Medical infrastructure
  • Consumer goods
  • Capital goods
  • Foreign trade
Show Solution

The Correct Option is C

Solution and Explanation

During the 1970s, Pakistan nationalized its core capital goods sectors, such as steel, chemicals, and heavy engineering. This government consolidation aimed to spur development but resulted in operational inefficiencies and a diminished private sector role.
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