ISLAMABAD: Moody’s Investors Service upgraded Pakistan’s local and foreign currency sovereign ratings from Caa2 to Caa1.
The agency cited stronger external buffers, fiscal consolidation, and progress under the IMF Extended Fund Facility.
The upgrade shows growing international confidence in Pakistan’s economic reforms. With this change, Pakistan now holds a stable outlook from all three major global rating agencies—Moody’s, S&P, and Fitch. Some ratings reached their highest level in three years.
Advisor to the Finance Minister, Khurram Shehzad, sent Independence Day greetings to the nation. He called the upgrade a sign of positive economic progress.
While challenges remain, Moody’s recognition signals a clear path toward fiscal stability and resilience.
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