Product list with pagination in home page in Magento

>> In the backend Go to
  
   Go to Admin=>CMS->home page and  put the following code in the layout update xml

<reference name="content">
      <block type="catalog/layer_view" name="catalog.leftnav" before="-" template="catalog/layer/view.phtml"/>
      <block type="catalog/product_list" name="product_list" template="catalog/product/list.phtml">
              <action method="setCategoryId">
              <category_id>3</category_id>
              </action>
              <block type="catalog/product_list_toolbar" name="product_list_toolbar" template="catalog/product/list/toolbar.phtml">
              <block type="page/html_pager" name="product_list_toolbar_pager"/>
              </block>
              <action method="addColumnCountLayoutDepend">
              <layout>two_columns_right</layout>
              <count>4</count>
              </action> <action method="setToolbarBlockName">
              <name>product_list_toolbar</name>
              </action>
      </block>
      <update handle="page_two_columns_right" />
</reference>