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Pakistan’s economy better positioned to handle global shocks, says Moody’s

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At a glance

  • Moody's analyst Grace Lim says Pakistan's economy is more resilient to global shocks.
  • Factors cited include economic stability, low inflation, and improved forex reserves.
  • The economy is considered better prepared for a crisis than during the 2022 oil shock.

Story so far

According to a Moody's analyst, Pakistan has achieved significant economic stability over the past two years. This has improved its resilience against external shocks, such as a potential crisis in the Strait of Hormuz. Key strengths identified include lower inflation, a stable exchange rate, and a notable increase in foreign exchange reserves, which provide the country with stronger economic buffers.

Latest development

Credit rating agency Moody's has assessed that Pakistan's economy is in a better position to withstand global challenges, according to Assistant Vice President and analyst Grace Lim.

Sources and updates

Usama MehboobUsama MehboobEditor
Categories: Business & Economy
Tags: , , ,

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