A working WP_Query() script with pagination and some data validation for http://wordpress.org/support/topic/custom-post-type-pagination-problem

wp_query.php

<div id="content">

<?php
  $args = array(
    'post_type' => 'recipes',
    'paged' => ( get_query_var( 'paged' ) ? get_query_var( 'paged' ) : 1 ),
  );
  // It's generally a good idea to give a unique name for your new query, so I'll name this $recipes
  $recipes = new WP_Query( $args );
?>
<?php while ($recipes->have_posts()) : $recipes->the_post(); ?>	

<div class="post clearfix" id="post-<?php the_ID(); ?>">
<?php
	if ( has_post_thumbnail() ) { ?>
	<a href="<?php the_permalink() ?>"><img class="postimg" src="<?php echo get_stylesheet_directory_uri(); // more performant way of getting the URL to your theme directory than bloginfo('stylesheet_directory') ?>/timthumb.php?src=<?php get_image_url(); ?>&h=200&w=200&zc=1" alt="<?php the_title(); ?> Recipe"/></a>
		<?php } else { ?>
	<a href="<?php the_permalink() ?>"><img class="postimg" src="<?php  echo get_template_directory_uri(); ?>/images/dummy.jpg" alt="" /></a>
<?php } ?>
<div class="cover">
	<div class="title">
		<h2><a href="<?php the_permalink() ?>" rel="bookmark" title="<?php esc_attr( the_title() ); // clean the title for use in the title attribute ?> Recipe"><?php the_title(); ?></a></h2>
	</div>
	<div class="recipemeta">
		<span class="cooktime"> <strong>ready in</strong> <?php $cooktime=get_post_meta($post->ID, 'wtf_cooktime', true); echo esc_html( $cooktime ); // ensure your not outputting any malicous code with esc_html() here ?> mins </span> <span class="serve"> <strong>Serving:</strong> <?php $serving=get_post_meta($post->ID, 'wtf_serving', true); echo esc_html( $serving ); ?> people</span>
	</div>
	<div class="entry" align="justify">
		<?php wpe_excerpt('wpe_excerptlength_recipe', ''); ?>
		<div class="clear"></div>
	</div>
</div>
</div>

<?php endwhile; ?>
<div class="clear"></div>

<?php getpagenavi(); ?>

<?php wp_reset_postdata(); ?>

</div>