Fund: Pakistan on course, but inflation a worry

In a largely positive assessment, the Fund noted that Pakistan has successfully recovered from the 1998/99 crisis. Growth has rebounded in 2003/04, and fiscal adjustment, supported by official inflows and debt relief, has led to a substantial improvement in public and external debt indicators. Reflecting strong export growth and remittances, the balance of payments has strengthened and international reserves now cover over five months of imports. Directors attributed Pakistan's recovery to th

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