Which of the following statements is true?

Statement 1- Pakistan initiated its "Economic reforms" in the year 1978.

Statement 2- Massive industrialisation led Pakistan towards economic prosperity.

Neither statement 1 nor statement 2 is true

In 1988, economic reforms were initiated in Pakistan. It received financial support from western nations and remittances from the migrants to the Middle-east nation. This stimulated the economic growth of the country.