Finance Minister Muhammad Aurangzeb has said that the recent improvement in Pakistan’s credit rating by global agency S&P Global reflects international recognition of the government’s ongoing economic reforms.
Terming the development a positive sign for Pakistan’s economic direction, the finance minister thanked the S&P Global delegation during their meeting in Islamabad.
The meeting discussed Pakistan’s economic situation, reform measures, and recent international developments in detail.
Senator Aurangzeb said that S&P Global’s decision to upgrade Pakistan’s credit rating is an acknowledgment of the government’s successful reform policies and its commitment to fiscal discipline. He also expressed satisfaction that the ratings issued by the three major international credit agencies are now aligned.
The finance minister briefed the delegation on the recent staff-level agreement reached between Pakistan and the IMF under the Extended Fund Facility’s second review and the first review of the Resilience and Sustainability Facility.
He also highlighted recent improvements in Pakistan’s fiscal, monetary, and external sectors, noting that significant progress is being achieved under the reform program.
Reaffirming Pakistan’s commitment to continued engagement with S&P Global, Senator Aurangzeb said the country remains dedicated to achieving sustainable economic stability and growth through transparent partnerships with international financial institutions.
