Complete the sentence about United Bank Limited with the correct year: The bank was nationalized by the Government of Pakistan in ______ through the Banks Nationalization Act.
Answer and explanation
Correct answer: A. 1974
UBL was nationalised by the Government of Pakistan in 1974 through the Banks Nationalization Act. In 2002 the government sold its majority stake to the Abu Dhabi Group and Bestway Group.
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