"Pakistan's external position under significant stress": Moody's

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.