PM Shehbaz Sharif hails Moody’s upgrade of Pakistan’s credit rating to B3

August 24, 2026 (MLN): Prime Minister Muhammad Shehbaz Sharif congratulated the nation on Moody’s upgrade of Pakistan’s credit rating from Caa1 to B3 and welcomed the improvement in the country’s sovereign credit rating.

The Prime Minister appreciated the efforts of the government’s economic team and said Deputy Prime Minister and Foreign Minister Senator Muhammad Ishaq Dar, Chief of Army Staff and Chief of Defence Forces Field Marshal Syed Asim Munir, Finance Minister Muhammad Aurangzeb, and all relevant ministers and officials deserve appreciation for their efforts in this regard.

He said the improvement in Pakistan’s credit rating shows global confidence in the government’s economic policies and reforms.

The Prime Minister said the recognition by international financial institutions and rating agencies of the improvement in Pakistan’s economic situation is encouraging.

“Pakistan’s economy is moving towards stability, and the improvement in the country’s rating by international institutions is clear evidence of this,” he said.

He said the government has taken effective measures to stabilize the economy and improve the external sector.

“Global confidence in Pakistan is increasing as a result of the government’s continued efforts and reforms for economic stability,” the Prime Minister said.

He added that the government would further accelerate the reform process to place Pakistan’s economy on sustainable foundations.

“Our goal is to make Pakistan a strong, self-reliant and sustainable economy,” the Prime Minister said.

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