Hey i'm having problems with paths too...
I have a folder called "gfx" in the main folder, where my main script file is, that contains all my graphics.
In my main script i added...
#define PRAGMA_PATH "%EXE_DIR%\\gfx"
but it still complains that it can't find any graphics. I have also tried
#define PRAGMA_PATH "gfx"
but still it complains, i have read through the manual and this thread many times, i just dont see what is going wrong.