Introduction Progress Toward Liberalization and Economic Freedom Pakistan's Attempts at Economic Reform: An Overview Pakistan's Progress Toward Economic Freedom Sectoral Analysis Sources of Growth: Commodity or Service-Led Expansion? Public Sector Deficits, and Private Investment in Manufacturing: A Test of the Crowding Out Hypothesis The Textile Sector: Competitive Pressures and Patterns of Relative Efficiency Financial Development and Private Sector Investment in Manufacturing: Demand-Following or Supply-Leading Finance Financial Innovation in an Islamic Setting Private Sector Investment in Agriculture: The Role of Infrastructural Investment Government Policy Toward the Telecommunications Sector Transport Policies Policy Issues Privatization as a Means of Achieving Regional Balance Policy Options to the Year 2000 Appendix: Tests for Causality References.