Islamabad: International credit rating agency Moody’s has upgraded Pakistan’s sovereign credit rating from Caa1 to B3.
According to Express News, international rating agency Moody’s has upgraded Pakistan’s sovereign credit rating from Caa3 to B3, while maintaining Pakistan’s rating outlook at stable.

The improvement in Pakistan’s credit rating reflects growing confidence in the country’s economy and debt repayment capacity. The B3 rating is another important step towards Pakistan’s economic recovery and financial stability, while this upgrade by the international rating agency is an acknowledgement of Pakistan’s improving economic and financial position.

A better credit rating can pave the way for improved global investor confidence and Pakistan’s access to international financial markets. Moody’s latest decision is an important positive step in Pakistan’s journey to economic stability. History

Prime Minister’s congratulations to the nation

Prime Minister Shehbaz Sharif welcomed the improvement in Pakistan’s credit rating by Moody’s to B3 and congratulated the nation, saying that the improvement in the credit rating from CAA1 to B3 is a manifestation of global confidence in the government’s economic policies and reforms.

In his statement, the Prime Minister said that the efforts of the Deputy Prime Minister, Field Marshal, Finance Minister, relevant ministers and officials are commendable for this matter. The recognition of the improvement in the economic situation by international financial institutions is welcome. Effective steps are being taken to stabilize the economy and improve the external sector.

The Prime Minister said that the confidence of international institutions is increasing due to continuous efforts and reforms for economic stability. Reforms are continuing to build the economy on sustainable foundations. Our goal is to make Pakistan a strong, self-sufficient and sustainable economy.