US rating agency praises PM Imran Khan’s brilliant initiatives

Washington: After Moody’s and Fitch, the US rating agency Standard & Poor’s also described the situation of Pakistan’s economy as better.

According to the reports of Baaghi TV, the US agency Standard & Poor’s (S&P) confirmed the stability and improvement in Pakistan’s sovereign ratings.

The US rating agency said in a statement that independent ratings and long-term sovereign ratings were “B”. The statement also confirmed Pakistan’s Sukuk certificate.

According to S&P, the corona virus has put pressure on the Pakistani economy. Before the epidemic, the Pakistani government took strong economic measures. Once the corona is controlled, the Pakistani economy will improve.

The US agency Standard & Poor’s says that the series of reforms in the Pakistani economy will also be restored. Maintaining a balance can pay off external payments for up to a year.

The statement said the balance of external economic and financial payments is expected to improve further.