to assert public ownership over the industrial megacorporations, and to satisfied the labour unions to keep the industrialisation peace in the country. Namely, the first stage of the nationalisation programme integrated the selective industries approved by the peoples party's government and the nationalisation programme provided the iron and steel, basic metal industries, heavy engineering industries, heavy electrical industries, assembly and manufacture of motor vehicles, tractor public utilities, including the electricity generation, transmission and distribution, gas and oil refineries, under the management of public sector. A large number of Christian educational facilities were also nationalized in 1972. One example is Gordon College in Rawalpindi. In Peshawar nationalization of Christian schools happened under a later government. The provincial governor refused to implement Bhutto's policy. He did not want to disadvantage minorities in his province. After the success of the first stage, the nationalisation programme stepped into the second stage when it was launched on 1 January 1974, intending to nationalised the banking and financial industry and sector in Pakistan. Passed by the parliament, over 13 major banks, over a dozen insurance companies, two petroleum companies and 10 shipping companies were forcefully nationalised. The second programme was presided by Finance Minister Mubashir Hassan who strongly maintained that: "wealth of the nation must be used for the benefit of the nation and can not be allowed to be concentrated in the banks of a few individuals." On 1 April 1973, Bhutto held a meeting with members of Lahore Chamber of Commerce and Industry and maintained: The third programme soon launched on 1 July 1976, when approximately 2,000 cotton, ginning and rice husking units came under the nationalisation programme. This programme met with administrative nightmare and widespread public resentment. The third programme eliminated the role of middle men, and it was rumoured that the producer as well as consumers of cotton, rice and wheat had been at the mercy of middle men trading in the milling of these commodities, with the result that producers were deprived of due share and consumer got poor quality and adulterated commodities at much higher prices. By 1977, the peoples party's government had built a strong and sizeable public sector with priority on cement, steel and fertilizers. De-Nationalization phase (1988–present) In November 1988, Benazir Bhutto and the Pakistan Peoples Party came to power for a second time. During the election campaign in 1988, Benazir Bhutto promised to the industrial sector