PR No. 249
Media Brief
Washington DC: October 26, 2024

Federal Minister for Finance and Revenue, Mr. Muhammad Aurangzeb, held a meeting with representatives of Moody’s credit rating agency. The Finance Minister appreciated Moody’s recent upgrade of Pakistan’s credit rating to Caa2. He informed that senior leadership of the Ministry of Finance and the Central Bank regularly engages with rating agencies. The meeting included a detailed briefing on debt sustainability, monetary policy, susceptibility to external vulnerabilities, FX reserves, fiscal discipline, revenue outlook, governance strength, and financial markets resilience.

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