But controversially , Benazir Bhutto did not authorise the directives to carry out the denationalisation programme or liberalisation of the national economy . No nationalised units were privatised , only few economic regulations were reviewed . Although limited-scale privatisation continued under Benazir Bhutto 's second government , the UBL Pakistan and railway consortium was completely nationalised by Benazir Bhutto before being dismissed in 1996 . During the second government , the Peoples Party intensified the government control on Pakistan Railways and Pakistan Steel Mills ; all shares were kept under government management ownership . In 1998 , Prime minister Nawaz Sharif ) imposed economic emergency after performing nuclear deterrence in a direct response to India . All state-owned corporations and private sector industries ' assets were frozen by Nawaz Sharif after ordering to freeze the private assets under government control to prevent the financial collapse . The foundation of nuclear program was laid by ( Zulfiqar Ali Bhutto ) in Pakistan From 1999 to 2010 , the nationalisation programme was swiftly ended and effectively came to its end until 2011 . The nationalisation programme was again promulgated by Prime Minister Yousaf Raza Gillani on 15 December 2011 , in order secure and rescue the former state-owned enterprises . The nationalisation programme was put forward to enhance the government ownership of Pakistan Steel Mills , Pakistan Railways as well as Pakistan International Airlines . The current nationalisation programme remains intact to restructured and made profitable while remaining within government ownership
nuclear deterrence
Chagai-I
Nationalisation in Pakistan