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Islamabad, November 02, 2016 (PPI-OT): The Finance Minister, Senator Mohammad Ishaq Dar, held a meeting today to review the overall debt profile of the country. Finance Secretary and DG Debt briefed the Finance Minister highlighting that debt sustainability has improved during the present government’s tenure. The overall borrowing rate has shown a decrease due to the macroeconomic stability and improved credit ratings by international rating agencies.
The Finance Minister appreciated the efforts of the Debt Policy Coordination Office. He said that the government’s good governance and prudent economic measures have resulted in Standard and Poor’s upgrading Pakistan’s long-term credit rating from B-toB with stable outlook. He said that, in their report, Standard and Poor’s have acknowledged steps taken by the present government for overall improvement in Pakistan’s economic indicators, implementation of reform agenda and good governance. The meeting was attended by senior officials of the Ministry of Finance.
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