Islamabad: Prime Minister Shehbaz Sharif highlighted significant strides in Pakistan’s economic recovery and foreign investment following an upgrade in the country’s credit rating by Moody’s. During a meeting on Wednesday, he emphasized the ongoing positive trajectory of the economy and the high interest from international allies in investing in the nation.

According to Ministry of Information and Broadcasting, during the economic review meeting in Islamabad, Prime Minister Sharif expressed his satisfaction with the Moody’s upgrade to Caa2, interpreting it as a validation of his government’s economic strategies. He noted that this development is a direct result of the implementation of sound and business-friendly policies.

The Prime Minister also discussed the economic growth and stability that helped avert a potential default, with an optimistic outlook for sustained growth in a positive direction. He praised the eager participation of friendly countries ready to invest heavily in sectors such as information technology, agriculture, minerals, gemstones, and energy, which he said would not only increase export volumes but also generate employment opportunities for the youth.

Furthermore, Sharif issued directives to expedite the investment projects, stressing the importance of timely implementation and calling for concerted efforts from ministers and relevant institutions to enhance the pace of progress. He also commanded that all projects, particularly those under the second phase of the China Pakistan Economic Corridor, should be executed with the utmost transparency and given top priority.

The meeting included briefings on the improvement in Pakistan’s rating, updates on investment agreements with foreign nations, and the status of ongoing projects, reinforcing the Prime Minister’s message of progress and proactive governance in economic affairs.