PM Shehbaz Celebrates Pakistan’s Credit Rating Upgrade by Moody’s
Prime Minister Shehbaz Sharif expressed his approval and satisfaction with Moody’s recent upgrade of Pakistan’s credit rating, praising the move as a testament to the government’s effective economic policies. The rating was elevated to Caa2, reflecting improved stability and management.
During a review meeting in Islamabad on Wednesday, PM Shehbaz noted that the upgrade underscores the progress made in stabilizing the economy and avoiding default. He expressed optimism that the positive trajectory would continue, fueled by strong business-friendly policies and increased interest from friendly nations in investing billions across various sectors in Pakistan.
The Prime Minister emphasized that any delays in implementing investment projects from these countries are unacceptable and directed all ministers and relevant institutions to expedite the execution of these initiatives.
He highlighted the vast investment potential in sectors such as information technology, agriculture, minerals, gemstones, and energy. According to PM Shehbaz, foreign investment in these areas is expected to boost exports and create job opportunities for the youth.
The meeting also covered updates on the improvement in the country’s credit rating, progress on investment agreements, and ongoing projects, including those under the second phase of the China-Pakistan Economic Corridor (CPEC).
