Islamabad: Global credit rating agency Moody’s has confirmed a positive change in Pakistan’s fiscal position and upgraded the country’s credit rating from CAA2 to CAA1. At the same time, Pakistan’s economic outlook was changed from positive to stable, which shows that global investors are starting to trust Pakistan’s economic future.
According to Moody’s, this improvement has been possible due to the country’s fiscal reforms and strong economic policies. The agency has also predicted that Pakistan’s foreign exchange reserves can increase further, but this will require the support of international partners.
Economists say that this improvement in credit rating can open doors for Pakistan to foreign investment and create possibilities for obtaining new loans and reducing the risk premium of international loans. According to sources, Pakistan plans to issue panda bonds in China this year and dollar and euro bonds next year, which will enable the country to re-enter the global financial market.
According to experts, this move will not only boost investor confidence but also indicate long-term stability for Pakistan’s economic growth, and the country’s fiscal policies will receive positive recognition at the global level.
