KARACHI: Pakistan economy is witnessing improvement owing to dip in fiscal deficit and government policy of reining in growing price hike, says survey report recently conducted by International Rating Agency Moody’s.
According to Moodys report Pakistan rating is stable at BBB. Investment under CPEC would bring improvement in infrastructure besides giving boost to national and international investment. It would bolster up national economy.
MoOdys report expressed fear that persistent increase in borrowings by the present government, political instability and poor condition of infrastructure poses a threat to national economy. Therefore, government should focus on these sectors in order to maintain the present rating so that national economy could gain momentum.