Earlier today, Moody’s Corporation, an American business, and financial services company issued a report on the economic developments in Pakistan

Earlier today, Moody’s Corporation, an American business, and financial services company issued a report on the economic developments in Pakistan. As per the report, Pakistan is facing challenges in foreign investment and the foreign exchange, which is hardly enough for 3 months imports, is all time low. Keeping the current economic crises in mind, Moody’s corporation appreciated the measures taken in the mini budget by the newly formed government.

The new budget will be a source of reduction in expenses as well as the losses, said the report. It also stated that going to IMF will turn out to be a beneficial decision for Pakistan as it will cover the financial gap and it will also assist the government in improving exports and investment in the country. In the coming year, Pakistan has to pay a loan of 7-8 Arab dollars and the carefully drafted mini budget will serve the purpose of setting the right ground for the country. (18.10.18)
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