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Your email address will not be published.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

Pakistan ‘offers’ zero-tariff bilateral trade to US

Pakistan has proposed a zero-tariff bilateral trade agreement with the United States…

Rupee shoots past 209 against US dollar

Karachi: On Monday, the Pakistani rupee plunged further and crossed the 210…

Apple stock plunges $108B after underwhelming iPhone 17 launch

Apple Inc. lost a staggering $108 billion in market value in a…

Pakistani rupee reaches all-time low against US dollar

Pakistani rupee continued to depreciate steeply against the United States (US) dollar…