ISLAMABAD, Oct 1: The renowned financial publication, Euromoney, in its latest issue has indicated an improved credit risk rating for Pakistan.

According to their analysts Pakistan’s risk rating has improved from 113 to 91. It has analysed the credit risk of 185 countries in this issue.

According to Euromoney, various countries of the world have shown improvement in the country credit risk except for troubled economies of Latin America. Hopes for Pakistan’s continued financial stability have been bolstered by an agreement with the Paris Club to reschedule some $5.4bn in foreign debt and continued IMF assistance.

The major reason for improvement in Pakistan’s standing has been the implementation of the reforms agenda of the government despite external and internal challenges and the government is committed to keeping its reforms agenda on track for achieving sustainable rate of growth in order to alleviate poverty and share the benefits of reforms with the people of Pakistan.