S&P upgrades Pakistan’s credit to B-Positive
The international credit-rating organisation “Standard and Poor’s” improved Pakistan’s long-term credit rating from B-Negative to B-Positive with stable outlook, sate-run media reported.
This comes as a result of government’s improved policymaking, strong performance of the economy and the good prospects for country’s fiscal and external positions.
In a Report released today, Standard and Poor’s also highlighted that Pakistan continues to benefit from improving governance under the visionary and dynamic leadership of Prime Minister Nawaz Sharif.
Standard and Poor’s has also revised Pakistan’s upward forecasts of average annual GDP growth from 4.7 percent to over five percent during 2016 to 2019.
In a report released on Monday, Standard and Poor’s also lauded Pakistan’s continuous improvement in governance under the current government.
Meanwhile, Finance Minister Ishaq Dar has congratulated Prime Minister and the nation on improvement of country rating by Standard and Poor’s.
International Organization “Standard and Poor’s” has improved Pakistan’s long-term credit rating from B-Negative to B-Positive with stable outlook.
This comes as a result of government’s improved policy-making, strong performance of the economy and the good prospects for country’s fiscal and external positions.
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