FM appreciates Moody’s Credit Rating upgrade

MG News | October 27, 2024 at 04:15 PM GMT+05:00

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October 27, 2024 (MLN): Federal Minister for Finance and Revenue, Mr Muhammad Aurangzeb appreciated Moody’s recent upgrade of Pakistan’s credit rating to Caa2, indicating a positive shift in the country’s financial stability, media brief issued by the Finance Division yesterday.

During his visit to USA, he held a meeting with representatives from Moody’s credit rating agency to discuss Pakistan’s economic outlook.

Mr. Aurangzeb emphasized that the senior leadership of the Ministry of Finance and the State Bank of Pakistan maintains regular communication with international rating agencies to ensure transparency and provide updates on key economic indicators.

The meeting featured a comprehensive briefing on several critical aspects, including Pakistan’s debt sustainability, monetary policy, vulnerability to external shocks, foreign exchange reserves, fiscal discipline, revenue outlook, and governance strength.

The discussions emphasized the government's dedication to ensure financial stability and addressing external challenges as part of its comprehensive economic recovery plan.

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