Complete the sentence about Pakistan State Oil with the correct year: On 1 January ______, the government nationalised both companies under a new ordinance on petroleum marketing but left the foreign-owned firms in private hands.
Answer and explanation
Correct answer: A. 1974
On 1 January 1974 the government nationalised both Pakistani-owned marketing companies under a new petroleum marketing ordinance, leaving foreign-owned firms private. Dawood Petroleum was renamed Premier Oil Company.
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