This study provides an overview of Pakistan's experience with economic reforms, looking at key elements in the reforms, implementation problems, the handling of potential difficulties, and how Pakistan's reforms compare with those undertaken in other parts of the developing world. After examining the reforms themselves, the study analyzes their impact on the economic freedom of the average Pakistani. Attention is then focused on reforms in the country's major economic sectors: manufacturing, agriculture, finance, transport, and telecommunications. Of particular importance is an examination of the benefits likely to stem from the country's privatization program. The study concludes with a series of policy simulations to the year 2000. Of unique interest to scholars and policymakers is that these reforms have been implemented in an Islamic setting.