Power of the Executive Order, how the government killed entrepreneurship from NERO to NRO
NERO – Nationalization and Economic Reforms Order (1st Jan 1972) On 1 January 1972, in a speech to the nation, Bhutto and the peoples party’s government promulgated the three-staged program, under “Nationalization and Economic Reforms Order (NERO)”, which nationalized all major metal industries, including iron and steel, heavy engineering, heavy electrical, petrochemicals, cement and public … Read more