ISLAMABAD: Financial Expert, Tausif Zaman while acknowledging Moody's Investors Service (MIS) report appreciated Pakistan's B3 rating balances strengthening growth and progress on structural reforms.
Talking to PTV News on Thursday, he said that the Moody's conclusions were contained in its just-released Credit Analysis "Government of Pakistan B3 Stable", which looked at the country's credit profile in terms of economic strength.
He said that Pakistan was not only a name of an institution but its full fledged vibrant economy of 70 percent people of Pakistan mostly depended upon agricultural economy where the farmer looked after everything from cultivation to harvesting and he did not come under any pressure of media as compared to those countries where everything was determined through politics.
He said the Moody's assessment of Pakistan's "Moderate" economic strength encompasses the sovereign's very low per capita incomes and the large size of its economy.
He qouted that moody said that the economic output had picked up over recent years and was now rising at a relatively healthy pace as "the GDP growth had edged up to average 4.1 percent year-on-year since fiscal year 2014 from 3.4 percent between fiscal year 2010-13".
He said the implementation of the China-Pakistan Economic Corridor (CPEC) would likely support activity further and in concert with energy sector reforms would improve the operating environment for investment in future.
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