ISLAMABAD: Global credit rating agency Moody’s has upgraded Pakistan’s credit rating by one notch, from Caa2 to Caa1, acknowledging improvements in the country’s external financial position. The outlook has also been revised from positive to stable, reflecting confidence in near-term stability. Moody’s attributed the upgrade to Pakistan’s progress in economic reforms under the IMF’s Extended […]
Moody's
Moody’s Cuts U.S. Credit Score, Referencing $36 Trillion Debt Load
Credit rating agency Moody’s downgraded the United States’ sovereign credit rating on Friday, citing concerns over the nation’s ballooning $36 trillion debt and the inability of successive administrations and lawmakers to rein in rising deficits and interest payments. The agency lowered the U.S. rating by one notch from its long-standing top-tier “Aaa” rating to “Aa1”, […]
Escalating tensions with India to impact Pakistan’s economic growth: Moody’s
Global rating agency Moody’s on Monday said that escalating tensions between India and Pakistan would weigh on Pakistan’s economic growth. An attack on April 22 in occupied Kashmir’s Pahalgam killed 26 people, mostly tourists, in one of the deadliest assaults since 2000. India has implied cross-border links without evidence, while Pakistan has rejected the claim […]
Moody’s sounds alarm on Pakistan’s economy amid Kashmir crisis
Global credit ratings agency Moody’s has warned that rising tensions between India and Pakistan may threaten Pakistan’s fragile economic recovery. The agency expressed concern that further escalation could disrupt access to foreign funding and reverse progress made under the International Monetary Fund (IMF) programme. In a note issued Monday, Moody’s acknowledged recent improvements in Pakistan’s […]
China’s three-child policy is unlikely to increase fertility rates: Moody’s
According to Moody’s Investors Service, a new Chinese policy allowing couples to have up to three children could help fertility, but it is unlikely to have a significant impact on the country’s birthrate. After recent data revealed a steep fall in births in the world’s most populous country, China announced on May 31 that married […]
Court to examine govt’s tax amnesty scheme: CJP
ISLAMABAD: Chief Justice of Pakistan (CJP) Saqib Nisar on Thursday during a hearing remarked that the court will examine government’s tax amnesty scheme. CJP hearing a case related to ownership of state land, hinted that the recent tax amnesty scheme should be reviewed. He said that action should be taken against individuals who have assets […]