KARACHI: Global rating agency Moody’s has hinted that if Pakistan continued to improve economic performance, the country’s credit rating could be improved.

Reports reaching here from Washington suggested that in a meeting with Finance Minister Ishaq Dar, the rating agency had termed the issue of Eurobonds by Pakistan as a positive move.

Moody’s also noted that the country had managed to attract foreign investment on improved economic indicators and with a steady economic performance, there was the possibility of credit rating improvement.

Analysts recalled that almost two years ago in mid-July 2012, Moody’s had downgraded Pakistan’s sovereign rating to its lowest level ever, citing a worsening current account balance, foreign exchange reserves, and looming payments to the International Monetary Fund. Moody’s had downgraded Pakistan’s foreign and local currency bond ratings from B3 to Caa1, the lowest ever.

Opinion

Climate & youth

Climate & youth

Disillusionment and anxiety are on the rise among youth as they confront the diminishing prospects of a better tomorrow.
Our exclusivity syndrome
Updated 17 Oct 2021

Our exclusivity syndrome

Pakistan needs at least a minimum level of inclusivity that can keep alive democratic values.
Shafqat Kakakhel
Updated 16 Oct 2021

Shafqat Kakakhel

COP26 has to achieve consensus on several issues.

Editorial

Carnage in Kandahar
Updated 17 Oct 2021

Carnage in Kandahar

Pakistan’s anti-extremism policy is in many ways half-baked and inconsistent.
17 Oct 2021

Sanctity of contracts

PAKISTAN is facing yet another international dispute before the International Centre for Settlement of Investment...
17 Oct 2021

New sports policy

THIS week, the Pakistan Football Federation Normalisation Committee chief Haroon Malik was in Zurich to hold ...
Diminishing freedom
Updated 16 Oct 2021

Diminishing freedom

DESPITE the serious reservations of digital rights activists and tech companies, the federal government has...
16 Oct 2021

Dirty politics

IN her outburst against Prime Minister Imran Khan this week, PML-N leader Maryam Nawaz may not have taken names but...
16 Oct 2021

Decreasing emissions

THE announcement by SAPM on Climate Change Malik Amin Aslam that carbon emissions in the country came down by 9pc...