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Pakistan Wise's Podcast

Pakistan Wise's Podcast

Written by: Sohail Sultan
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Pakistan Wise is a recently launched news website that aims to provide accurate, timely, and comprehensive coverage of news and events in Pakistan. Owned and managed by Sohail Sultan, an entrepreneur, the website has quickly gained recognition for its reliable reporting and commitment. https://pakistanwise.com

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Episodes
  • Pakistan’s Credit Rating Upgraded to CCC Positive by Global Credit Rating Agency

    Pakistan’s Credit Rating Upgraded to CCC Positive by Global Credit Rating Agency
    Jul 11 2023

    In a significant development, Pakistan’s long-term foreign currency issue has received an upgraded rating from CCC negative to CCC positive by a global rating agency. This upgrade comes as a result of the country’s improved external liquidity and funding conditions following its agreement with the International Monetary Fund (IMF) on a nine-month standby arrangement in June. The recent financial package of three billion dollars from the IMF has provided a much-needed respite for Pakistan’s economy, averting the risk of default. The Executive Board of the IMF has played a crucial role in facilitating this positive change. Read more:  Pakistan’s Credit Rating Upgraded to CCC Positive by Global Credit Rating Agency
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