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RegulationsJune 1 2008

A complex predicament

With a growing financial industry and a host of new sectors set to develop, will Pakistan hold its own amid market slowdown and troubled domestic politics? Karina Robinson reports from Karachi.
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Pakistan may only grab people’s attention when icons such as Benazir Bhutto are assassinated and stories about Al-Qaeda training grounds in the country’s North-West Frontier Province bordering Afghanistan hit the international ­headlines.

Lost in that negative coverage is the reality of a functioning economy, the fifth largest emerging market by population size, with a growing middle class of about 30 million people and myriad business opportunities, not least in the banking sector.

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