Generally, the media picture of Pakistan is a country ready to collapse into an orgy of Islamic fundamentalism. So its worthwhile to point out contradictory evidence, as this Washington Post article highlights. The key paragraphs:

Despite Pakistan's reputation as a hotbed of Islamic radicalism, its economy is projected to grow this year at a respectable rate of 4.5 percent, according to a government estimate accepted by the World Bank. Tax revenue is up, interest rates are down and government debt is slowly shrinking. In perhaps the best indicator of the bullish sentiment that pervades financial circles in Pakistan, the Karachi stock market last year shot up by 112 percent....

The country's improving financial picture is in many respects a reflection of fiscal austerity measures, such as cuts in food subsidies, imposed by the military government of President Pervez Musharraf, according to economists with international lending agencies. 'Pakistan has turned around a deteriorating macro[economic] situation of a few years ago to a rapidly improving one,' the World Bank noted in a December report.

The turnaround also reflects financial assistance provided by the West in return for Pakistan's support in the war on terrorism, as well as several unanticipated benefits of that war. For example, because of a global crackdown on the informal hawala system of money transfers, which has been linked to money-laundering by suspected terrorists, Pakistanis working abroad are now sending their money home by conventional banking routes, financial experts say. That has helped boost foreign currency reserves to a record $9.5 billion.

'September 11 did a great service to Pakistan,' said Ishrat Hussain, Pakistan's central bank governor.

The decline of hawala, given prior assessments that such a decline would be next to impossible, is also noteworthy.