Many trees that are ornamental are marked fruiting or semi fruiting. With that being said, if yours is a fruiting type, are you watering thoroughly (deep) enough and often enough to keep it slightly moist, have normal ph type soil mixture, feeding it on a schedule, full or part sun.
There are also ornamental pomegranate shrubs. What does the tag say about the species (name of plant botanical).
Here's a good article on pomegranate growing;
http://www.freshplaza.com/news_detail.asp?id=15337