ISLAMABAD – International credit rating agency Moody’s has appreciated therobust longer-term economic prospects of Pakistan.
In its annual credit analysis report on Pakistan released on Thursday, theagency notes visible improvements in the country’s power supply,infrastructure and national security that have raised the growth prospectsand hence business confidence.
Moody’s report specially mentions China Pakistan Economic Corridor and theresultant infrastructure investments and the significant increase in powersupply that will address some of Pakistan’s long-term economic constraintsand strengthen its growth potential.
It adds that further institutional reforms planned by the new governmentwill also bolster institutional strength, which has increased in recentyears with greater central bank autonomy and monetary policy effectiveness.
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The report warns that the reforms will be challenging for any government tonavigate because of the large bureaucracy and complex federal-provincialpolitics and administrative arrangements.
