Global rating agency Moody’s on Tuesday said that Pakistan’s recent staff-level agreement with the International Monetary Fund (IMF) will improve funding prospectes for the cash-strapped South Asian nation. The Shehbaz Sharif-led government and the IMF reached a three-year, $7 billion aid package deal on Saturday, providing much-needed respite to the nation. This agreement marks a critical step towards stabilizing Pakistan’s economy, which has been under severe strain.

 

Leave a Reply

Your email address will not be published.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

You May Also Like

Coronavirus: 13 more deaths and 363 new cases reported

In the last 24 hours, 363 new instances of Covid-19 were recorded…

صدر مملکت کے دورہ سبی کے دوران سبی میں دھماکہ

بی جیل روڈ پر لوکل ریسٹ ہاؤس کے قریب زور دار دھماکہ…

پاکستان میں پہلا روزہ اتوار 3 اپریل جبکہ عیدالفطر 3 مئی 2022 کو ہوگی

رویت ہلال ریسرچ کونسل نے پیشن گوئی کی ہے کہ پاکستان میں…

Flights delayed, traffic affected as fog blankets Karachi

Different parts of the city were blanketed in deep fog Thursday morning,…