According to the report of Baaghi TV, the economy started recovering under the government of Prime Minister Imran Khan. Moody’s has rated Pakistan’s rating as stable
According to a statement issued by the Finance Ministry, maintaining B3 rating is an expression of confidence in economic and financial policies. According to the Finance Ministry, Moody’s expressed confidence in Pakistan in the face of uncertainty.
Moody’s has upgraded Pakistan’s outlook from ‘under review for downgrade’ to ‘stable’, while maintaining a B3 rating. This is an affirmation of the Government’s sound fiscal and financial policies in these times of unprecedented hardship and uncertainty.@pid_gov
— Ministry of Finance (@FinMinistryPak) August 8, 2020
The Finance Ministry spokesman welcomed Moody’s rating stabilization and said that Moody’s move was a sign of confidence in Pakistan’s monetary policies.
It should be noted that the dangerous corona virus spread from China has spread all over the world including Pakistan. The closure of business due to corona has dealt a major blow to the Pakistani economy.
But now Moody’s has declared the Pakistani economy as stable, which is welcomed. The Pakistani economy is recovering due to the best policies of Prime Minister Imran Khan.
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