Generals are good for Pakistan's economy: it's official. Since Pervez Musharraf seized power in a military coup two years ago, the government's fiscal deficit has come down, foreign-exchange reserves and exports have stabilised and, possibly for the first time in history, the IMF's lending programme to the country is going forward without a hitch. A debt junkie of long standing (public debt is more than 100% of GDP, and foreign debt is about $37 billion), Pakistan had begun to reform itself.
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