The correct option is (2) 

In 1970, Pakistan introduced the nationalisation of capital goods industries, but later, due to various reasons, including international pressure, they shifted the policy to:

Denationalisation

Denationalisation is the process of transferring ownership and control of previously nationalised or state-owned industries and assets back to the private sector. It essentially means returning these industries to private ownership and management. This is often done to promote economic liberalisation and reduce the role of the government in the economy.