Pakistani economy faces a setback
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Credit rating agency "The Moody's" has raised concerns over No Confidence Motion tabled by the opposition parties in Pakistan against Prime Minister Imran Khan, saying that it would put significant pressure on the country's economy.
In a statement, the agency said that the no-confidence motion is being viewed as credit negative because it raises significant uncertainty over policy continuity.
Moody's said that the proposed no confidence motion also undermines the government's ability to continue to implement reforms to increase productivity growth and secure external financing, including from the International Monetary Fund.
