Key facts
- The report said Pakistan's stock market had risen, foreign reserves stood at a record and credit ratings had improved.
- It said the recovery beneath those indicators remained far less convincing, without giving figures.
- No rating agency, index level or reserve figure was named in the account.
A report described Pakistan's economy as presenting a stronger surface than its underlying condition, citing a rising stock market, record foreign reserves and improving credit ratings against what it called a far less convincing recovery. The report did not date the market move, the reserve level or the ratings, and named no rating agency behind the credit assessments.
The account gave no figures for any of the three indicators and identified no source for its assessment of the underlying economy. It did not name the stock index concerned, the level of foreign reserves or the size of any ratings action.