In this article, inferences about the multicomponent stress strength reliability are drawn under the assumption that strength and stress follow independent Pareto distribution with different shapes $(alpha_1,alpha_2)$ and common scale parameter $theta$. The maximum likelihood estimator, Bayes estimator under squared error and Linear exponential loss function, of multicomponent stress-strength reliability are constructed with corresponding highest posterior density interval for unknown $theta.$ For known $theta,$ uniformly minimum variance unbiased estimator and asymptotic distribution of multicomponent stress-strength reliability with asymptotic confidence interval is discussed. Also, various Bootstrap confidence intervals are constructed. A simulation study is conducted to numerically compare the performances of various estimators of multicomponent stress-strength reliability. Finally, a real life example is presented to show the applications of derived results in real life scenarios.