Pakistan's growth remains
strong.
by MEDIA CONTACT RESOURCES, INC.
On January 19, 2007, the State Bank of Pakistan (SBP) issued a
report on the progress of the Pakistani economy for the first quarter of
fiscal year (FY) 2007. The SBP is the country's central bank. The
SBP said, "The likelihood of achieving 7 percent growth target for
FY07 remains strong." This growth estimate is the same as the one
published by the International Monetary Fund (IMF) in September 2006.
The SBP said that one of the key reasons for this anticipated
growth was the continued economic support of the United States (US).
The SBP said further that it was pleased with the release of some
pressure on inflation at the same time that growth appeared to
accelerate. The IMF estimated growth for 2006 at 6.2 percent.
Infrastructure improvements are a continuing challenge.
Specifically problematic is infrastructure recovery from the October
2005 earthquake, which devastated parts of the country.
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