Seminar In Economic Policy-The Bhutto Regime (1971-1977)Presented By!loyd !ernandes Std 1"19#Zulfkar Ali Bhutto (1928-1979), Pakistan's president and then prime minister, moili!ed his "ountr#'s frst mass-ased politi"al part# around a so"ialist ideolo$#$%ter com&leting his high school education in Bom'ay( he &roceeded to the )ni*ersity o% +ali%ornia at Ber,eley %rom -hich he graduated in 19./ -ith a Bachelor o% $rts degree in &olitical science0 At Berkeley he became interested in socialism and delivered several lectures on the feasibility of socialism in Islamic countriesa theme which would dominate his party's manifesto 20 years laterZulfkar Ali Bhutto1ani%esto o% Pa,istan Peo&les Party &re&ared2Islam is our !aith( 3emocracy is our Policy( Socialism is our Economy( $ll Po-er to the Peo&le20 4cto'er( 19##Bhutto and his &arty came to rule 'y clamouring socialist re%orms %or the &oor and de&ri*ed classes o% the state0 5Rotti, apra aur !akkan"-as there %re6uently enchanted slogan0The PPPBhutto7s economic &olicies -ere in8uenced 'y socialist ideas and &romises to the remo*al o% %eudalism0The main ste& in order to re%orm economic system o% Pa,istan -as the ado&tion o% &rocess o% 9ationalisation0 :hich -as launched in early 7/7s -hen Bhutto came to &o-er0 ;and Re%orms( ;a'our Re%orms( Ban,ing system and or cro&sEconomic ?ro-th1a>or Bighlights- 4% Bhutto Regime The Economic ;oss o% East Pa,istan0The 197C 4PE+ &rice increases &layed ha*oc -ith Pa,istan7s im&ort 'ill and B4P deteriorated0:orld-ide recession (197C-197.) -hich aDected Pa,istanis eE&orts0Recurrent domestic cotton cro& %ailures and 8oods in 197C( 197" (along -ith &est attac,s)( and 197# aDected Pa,istan main eE&orts0The 3e*aluation o% Pa,istani ru&ee 'y 1A/@ in1ay 197A0Res&onsi'le %or ca&itali=ing on the o&ening u& o% the 1iddle East0;and Re%orms 197AThe &hiloso&hy 'ehind the Bhutto re%orms -ere 'ased in social and democratic leanings o% the PPP0In 1arch 197A( Bhutto ga*e a s&eech and said that his land re%orms -ouldI0 EDecti*ely 'rea,u& the ini6uitous concentrations o% landed -ealth0II0 Reduce Income dis&arities0III0 Increase&roduction0IF0 Streamline the administration o% land re*enue0F0 ;ay %oundations o% a relationshi& o% honor and mutual 'ene