ISLAMABAD (Web Desk) – Moody’s says that Pakistan’s credit rating reflects strengthening growth and progress on structural reforms.
In its latest report, Moody said Economic output has picked up over recent years and is now rising at a relatively healthy pace.
It is said the implementation of the China-Pakistan Economic Corridor will likely support activity further and in concert with energy sector reforms will improve the operating environment for investment.
Moody’s assessment of Pakistan’s “Moderate” economic strength encompasses the sovereign’s very low per capita incomes and the large size of its economy. Economic output, previously anemic, has picked up over recent years and is now rising at a relatively healthy pace.