Karachi : Global credit rating agency Moody’s has raised Pakistan’s sovereign credit rating from Caa1 to B3, while maintaining the country’s outlook at stable, in a development being viewed as a positive sign for the national economy.
Finance Minister’s Adviser Khurram Schehzad announced the rating upgrade in a post on X, saying the decision reflects growing international confidence in Pakistan’s economic performance and its ability to meet its financial and debt obligations.
Schehzad described the move to the B3 rating as an important achievement in Pakistan’s efforts to strengthen its economic position, revive sustainable growth and improve overall financial stability.
He said Moody’s latest assessment also acknowledges the progress Pakistan has made in improving its broader economic and financial conditions. According to him, the upgraded rating indicates that the country’s economic position is showing signs of improvement compared with the period when it was rated Caa1.
The adviser further said that a better sovereign credit rating could help improve the confidence of international investors in Pakistan’s economy. It may also support the country’s efforts to regain stronger access to international financial markets and attract additional investment.
Schehzad termed Moody’s decision a significant positive development for Pakistan, saying the upgrade represents another step in the government’s ongoing efforts to stabilise the economy and strengthen the country’s financial standing internationally.
He expressed optimism that continued economic reforms and improvements in financial management would help Pakistan build on the progress reflected in the latest rating decision.
The stable outlook maintained by Moody’s also indicates that the rating agency does not currently expect a major change in Pakistan’s credit position in the near term, provided economic and financial conditions remain on the current trajectory.
