US appreciates Pakistan’s outlook by Moody’s

By Syed Umarullah Hussaini - Web Editor

04th December, 2019

US Official Alice Wells has appreciated improvement in Pakistan’s outlook by credit rating agency Moody’s.

Alice Wells serves as Principal Deputy Assistant Secretary for South and Central Asian Affairs

On Wednesday,  US State Department on behalf of Alice Wells said in a tweet:

The US diplomat credited the change due to the the reforms undertaken by the finance ministry.

The diplomat also appreciated the recent International Monetary Fund programme implemented by the country.

Moody’s Investors Services on Monday had revised Pakistan’s outlook from ‘Negative’ to ‘Stable’.

It announced bumping Pakistan’s outlook rating in a report and affirmed a B3 rating for the country.

It also confirmed that the economy’s future look stable as opposed to negative earlier.

The credit rating agency said it had positively revised the outlook in light of further improvement in Pakistan’s balance of payments.

 


You May Also Like

shah Pakistan
13th Dec, 2019

Pakistan did its best for Afghan Reconciliation Process, FM

Foreign Minister Shah Mahmood Qureshi has said that Pakistan has tried its...

ISPR Pakistan
13th Dec, 2019

COAS, Khalilzad discusses Afghan reconciliation Process

United States Special Representative for Afghanistan Zalmay Khalilzad called on Chief of...

Abdul Razak Dawood Latest
13th Dec, 2019

Pak has all resources to become the economic giant, Abdul Razak Dawood

Adviser to Prime Minister on Commerce Abdul Razak Dawood Friday said Pakistan...

Hira Mani Entertainment
13th Dec, 2019

Hira Mani’s surprising birthday wish to her father

Famous Pakistani actor Hira Mani has penned down her feelings in a...