Moody’s on Thursday said that government’s revenue base will increase if Pakistan’s tax-amnesty scheme proves successful. Moody’s International assessed that the new scheme launched by Prime Minister (PM) Abbasi could lessen fiscal pressure on the government for low revenue generation and also help increase capital expenditures for China-Pakistan Economic Corridor (CPEC). The statement said that […]
Pakistan's credit ratings Moody's
Rupee to depreciate further against dollar: Moody’s
SINGAPORE: Moody’s Investors Service has on Tuesday expressed fears for the Pakistani rupee to depreciate further against the US dollar but hopes that the depreciation will bring long-term benefits for the Pakistani currency. “Over the longer term, allowing the PKR to reflect currency fundamentals would reduce the drain on Pakistan’s (B3 stable) foreign exchange reserves […]