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.
