Pakistan’s credit rating upgraded, PM Sharif hails milestone

Prime Minister Shehbaz Sharif has welcomed the improvement in Pakistan’s sovereign credit rating by global rating

Prime Minister Shehbaz Sharif has welcomed the improvement in Pakistan’s sovereign credit rating by global rating agency Moody’s, describing the development as a positive sign of growing international confidence in the country’s economy.

The prime minister also praised the efforts of the government’s economic team and acknowledged the role of Deputy Prime Minister and Foreign Minister Ishaq Dar and Field Marshal Syed Asim Munir in supporting efforts aimed at strengthening Pakistan’s economic position.

Shehbaz Sharif said the improvement in Pakistan’s credit rating reflected international confidence in the government’s economic policies and reform programme.

He said the recognition by international financial institutions and rating agencies of improvements in Pakistan’s economic conditions was encouraging.

According to the prime minister, Pakistan’s economy is moving towards greater stability. He said the improvement in the country’s international credit rating was clear evidence of progress being made on the economic front.

Shehbaz said the government had taken effective measures to stabilise the economy and improve the country’s external sector.

He added that continued efforts and economic reforms were gradually strengthening international confidence in Pakistan.

The prime minister said the government would further accelerate the reform process to place the national economy on sustainable foundations.

He stressed that the government’s objective was not limited to achieving short-term economic stability. The ultimate goal, he said, was to build a strong, self-reliant and sustainable economy capable of supporting long-term growth.

Shehbaz Sharif said the latest improvement in the credit rating should encourage the government to continue implementing structural reforms and maintaining economic discipline.

He maintained that sustained reforms, improved economic management and greater investor confidence would be essential for consolidating the gains achieved so far.