ISLAMABAD: Prime Minister Shehbaz Sharif has welcomed Pakistan’s Triple C plus rating by global credit rating agency Fitch.
The Prime Minister’s Office (PMO) said on Monday the prime minister has appreciated the hard work of the finance minister and the economic team.
He said the country and nation are getting the fruits of the sacrifice of politics for the sake of the State in the form of economic improvement.
Fitch upgrades Pakistan rating to ‘CCC+’
The premier added that Pakistan’s global rating of triple C plus is a global recognition of sound economic policies.
“They are working day and night on the agenda of economic reforms and the results will be delivered to the people,” added the prime minister.
He said the reports of Fitch and other international financial institutions are important for the economic improvement of Pakistan.
The prime minister will move forward with more efforts and passion on the path of economic improvement.
It is hoped that the new programme of the IMF will further increase the economic improvement and activities of Pakistan.
The announcement of another one percent reduction in interest rate by the State Bank is another sign of economic improvement.
He expressed the hope that a reduction in interest rates will further reduce inflation and further increase in business activities.
Copyright Business Recorder, 2024
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