Moody’s: Pakistan outlook from negative to stablized

B3 rating and confirming that the economy’s future look stable as opposed to negative earlier. According to report

KARACHI: Moody’s Investors Services, the Credit rating agency, revised upwards Pakistan’s outlook from “Negative” to “Stable”.

According to Moody’s report, affirming a B3 rating for the country and confirming that the economy’s future look stable as opposed to negative earlier.

The agency said, Although the foreign exchange reserves were still low and that it would take time for the figure to boost, It had positively revised the outlook in light of further improvement in Pakistan’s balance of payments.The policy adjustment and free floating or flexible exchange rate would help enhance the balance of payments.