IMF:Pakistan’s Economy Lifting
Wednesday, February 17, 2010 at 4:12 pm
Pakistan’s economy has begun to recover from a financial crisis but slow electricity reform is dragging drag on growth while inflation has picked up, an International Monetary Fund official said.
“The early signs of recovery in some sectors and the improved external position are encouraging, although there are risks and challenges to Pakistan’s economic program,” said in a statement issued after talks with Pakistani authorities in Dubai.
statement said that, foreign exchange reserves had strengthened, while large-scale manufacturing output has increased and private-sector credit growth has picked up.
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