[Dawn] Standard and Poor's, one of the world's big three credit-rating agencies, on Tuesday revised Pakistain's average real GDP growth projection for 2015-17 to 4.6 per cent from 3.8pc. It also revised the country's long-term 'B minus' credit rating to positive from stable.
"Pakistain has made significant progress in stabilising its economic, fiscal, and external performance. Financing conditions have also eased considerably," said a statement issued by the agency's US headquarters.
"We are, therefore, revising the outlook on the long-term ratings on Pakistain to positive from stable. We are also affirming our 'B minus' long-term and 'B' short-term sovereign credit ratings on Pakistain," the statement said. |