Moody’s Investors Service said in a statement that revenue-raising measures would likely be among the prior actions that the International Monetary Fund (IMF) requires before releasing the next tranche of financing to Pakistan. “Pakistan’s government liquidity and external vulnerability risks are elevated, and there remain considerable risks around Pakistan’s ability to secure required financing to fully meet its needs for the next few years,” Moody’s said.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Govt fails to achieve economic targets for FY22-23

Despite imposing additional taxes and cutting power subsidies to the industries, Pakistan…

Petrol, diesel prices to remain unchanged: Dar

Finance Minister Ishaq Dar has announced that the prices of petrol and…

ECB raises interest rates to 3.5 percent

The European Central Bank raised its benchmark interest rate by 0.25 percent…

CPPA moves NEPRA for power tariff reduction

Islamabad: The National Electric Power Regulatory Authority (NEPRA) is likely to reduce…