ISLAMABAD, Pakistan: A New York-based rating company Moody’s has declared Pakistan’s economic rating outlook from negative to stable.
In its report published on the progress of Pakistan’s economy, the company said that the economic condition of the country has witnessed a change due to the dynamic economic policies of the sitting government.
Moody’s said that the government has fulfilled 10 objectives out of 17 for bringing improvement in the economic structure of the country. Consequently, the situation of foreign reserves has improved significantly.
It further said that sale of euro bonds and the privatization policies of the government have also played their role to this effect.