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Your email address will not be published.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

Dubai to build infrastructure in IIOJK: Indian govt

On Oct 19, it emerged that Dubai signed an agreement to build…

China will keep on progressing: Xi Jinping

Beijing: President Xi Jinping delivered a keynote speech on Thursday via a…

Pakistan’s trade deficit shrinks one-third to $17bn

Pakistan’s trade deficit narrowed by 32.65 per cent to $17.133 billion during…

India under fire after US says it ‘allowed’ Russian oil purchases

India’s Narendra Modi-led government has come under renewed criticism from opposition parties…