Pakistan Discusses Economic Stability and Reforms with Moody’s, Aims for Credit Rating Upgrade

Washington DC, Federal Minister for Finance and Revenue, Mr. Muhammad Aurangzeb, met with representatives from Moody’s Investor Service during the IMF/World Bank Spring meetings. He briefed them on Pakistan’s economic stability achieved through recent reforms and its plans to tap international capital markets.

According to Press Information Department, Mr. Aurangzeb outlined key economic indicators and the country’s success in stabilizing its economy after entering into a Stand-by Arrangement (SBA) with the IMF. He discussed the government’s focus on tax reforms, energy sector changes, and its privatization agenda. The minister also indicated the government’s intention to approach international capital markets, particularly targeting the Middle East and China. During the meeting, he addressed pressing questions about inflation, foreign exchange reserves, debt repayments, external account vulnerabilities, and domestic liquidity. Mr. Aurangzeb expressed hope that Moody’s would soon upgrade Pakistan’s credit rating.