Washington DC: Federal Minister for Finance and Revenue, Mr. Muhammad Aurangzeb, met with representatives from Moody’s to discuss Pakistan’s recent credit rating upgrade and the country’s ongoing financial strategies.
According to Press Information Department, the Finance Minister expressed appreciation for Moody’s decision to elevate Pakistan’s credit rating to Caa2. The meeting included comprehensive discussions on various aspects of Pakistan’s financial health, including debt sustainability, monetary policies, and fiscal discipline. Minister Aurangzeb highlighted the regular engagement of Pakistan’s senior financial leadership with rating agencies, which underscores the country’s commitment to maintaining transparent and robust financial practices.
The discussions also covered Pakistan’s resilience against external vulnerabilities, the stability of its foreign exchange reserves, revenue outlook, governance strengths, and the overall resilience of its financial markets. These conversations are part of Pakistan’s broader strategy to strengthen its economic standing globally.