<b>From stability to growth</b>
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<b>From stability to growth</b>

Headline: From stability to growth
Source: Euromoney
Date: September 2001
Author: Jules Stewart

Pakistan has gone a long way towards stabilizing the economy under its present government, greatly improving the balance-of-payments situation and increasing revenues from taxation: all policies that make multilateral aid a much more practicable proposition. From this base, the government hopes to put in place strategies that will encourage growth, with rationalization of the banking sector and privatization high on the agenda.

       
Pakistan’s borderlands: the country’s leaders argue
it must maintain good relations with the Taliban
regime in Afghanistan

After decades of what Pakistan’s finance minister, Shaukat Aziz, terms “stop-go policies” investors and international donor agencies are anxiously waiting to see if the government can make good on its promise to transform reform into stability and growth.

The countdown has begun: general Pervez Musharraf, who seized power from prime minister Nawaz Sharif in a two-hour bloodless coup nearly two years ago, has promised to restore democracy by October of next year. Musharraf says he intends to “ensure continuity” by staying on in his executive role, overseeing events from behind the scenes, presumably on the Turkish model.








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