The Pakistani economy is based on agriculture, which accounts for more than half the national. income and employs two‐thirds of the work force. Rice and wheat are the main food crops. Jute, cotton and tea are the money crops.

The decision to nationalize seemed mainly aimed at the two dozen or so ‘Pakistani families regarded is the financial elite of the nation.

The passports of members of 22 such families have been impounded and President Bhutto has demanded that holdings of foreign currency abroad be returned to Pakistan. He has threatened those who do not bring back their holdings with penalties, Including imprisonment

Two Men Anrested

Last night the Government announced it had placed two scions of these families? Ahmed Dawood and Fakhurddin Valia, under six‐month house arrest.

Pakistani business executives did not seem especially disturbed by the new measures. One businessman said:

“Some of the things being nationalized are just about bankrupt anyway and will be little more than a paper loss for anyone. As for the antimonopoly, fair trade and protection of labor provisions, such laws have been on the books here since at least 1969. My personal hope is that Mr. Bhutto intends to do something about enforcing .them this time.”

The Einince Minister, Dr. Hasan,said that in the case of the businesses being nationalized, the, Government was not actually taking over corporate shares but was merejy replacing management. Employes will be kept on, he said. The companies affected, he added, may later be handed over :to pro,yincial governments.

Dr. Hasan said there was no intention of nationalizing banks:

Leftists Seek Stronger Moves

The moderate nature of the nationalization announced to.day is, not expected to satisfy the powerful leftist wing of President Bhutto's Pakistan People's party. These leftists have demanded that Pakistan's entire economy be recast along State‐ownership lines.