Pakistan ranking improved  in international credit rating agency Moody’s

Pakistan ranking improved  in international credit rating agency Moody’s.

The international credit rating agency Moody’s has improved its rating for Pakistan’s banking sector as stable.

Pakistan ranking improved  in international credit rating

Moody’ Investors Service report said that the government’s credit profile is stable due to ongoing reforms and increasing policy effectiveness.

Furthermore, it said stable outlook for Pakistan’s banking system reflects banks’ solid funding and liquidity.

The report also said deposit-based funding and good liquidity buffers also remain strengths, while the probability of government support in a crisis is high.

Meanwhile, Pakistan also has improved its position on World Bank Ease of Doing Business Index for the second consecutive year.

Security and Exchange Commission of Pakistan in Islamabad stated this in the annual report.

Notably, Pakistan has improved its position by 28 points from 136 to 108, in ease of doing business ranking.

As per World Bank’s latest rankings on ease of doing business for the last year, unprecedented improvement witnessed.

Out of six reform areas acknowledged in 2020 report, the highest improvement of 58 points has been made in Starting a Business indicator where SECP is leading the reform process.

Pakistan’s ranking in this indicator has improved from 130 to 72. Now it placed at 2nd position in South Asian countries in terms of ease of Starting a Business.

GTV