After Moody’s, America compelled to appreciate Pakistan’s economic reforms

Alice Wells praises Pakistan’s economic reforms.

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  • After Moody’s, the American Acting Assistant Secretary, Alice Wells, lauds economic reforms introduced by Pakistan.
  • ”Pleased to see that Moody’s has revised Pakistan’s credit outlook to stable thanks to the finance ministry Pakistan reform efforts and IMF program”, Alice wells
  • Owing to the economic reforms of Pakistan, Moody’s rating recently agency changed the outlook of Pakistan to stable from negative.

America

America is compelled to appreciate Pakistan after Moody’s has revised its credit outlook. Taking to social media, Acting Assistant Secretary of State for the Bureau of South and Central Asian Affairs, Alice Wells, admired reforms made by the government of Pakistan.

Economic Reforms

In her tweet from the official twitter handle of the Bureau of South and Central Asian Affairs, Alice Wells said,

“Pleased to see that Moody’s has revised Pakistan’s credit outlook to stable thanks to the finance ministry Pakistan reform efforts and IMF program. With bold economic reforms, Pakistan can boost growth, attract private capital, and expand exports”.

 

She appreciated the bold economic reforms adopted by Pakistan. She further added that the IMF program and expansion of exports also played a vital role in the economic stability of Pakistan.

Moody’s decision

Owing to the economic reforms introduced by the government of Pakistan, Moody’s rating agency changed the outlook of Pakistan from negative to stable.

However, the Moody’s has kept Pakistan’s rating outlook unchanged to B-3. It further said the economy of Pakistan is improving and the main challenge being faced by the Pakistani economy, the current account deficit, is also decreasing.


Also See:

Moody’s Upgrades Pakistan’s Outlook To ”Stable” From ”Negative”

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