KARACHI – Pakistan economy is witnessing an improvement owing to dip in fiscal deficit and government policy of reining in growing price hike, says a survey report recently conducted by International Rating Agency Moody’s.
According to Moody’s report Pakistan rating is stable at BBB. Investment under CPEC would bring improvement in infrastructure and will also boost national and international investment.
Moody’s report expressed fear that persistent increase in borrowings by the present government, political instability and poor condition of infrastructure poses a threat to national economy.
Therefore, it suggest that the government should focus on these sectors in order to maintain the present rating so that national economy could gain momentum.-Online
