Pakistan better than India for investment, Moody’s upgrade outlook

by Jeremy Spirogis
Pakistan better than India for investment

Islamabad (Sahiwal Tv – December 3, 2019 – Zohaib)  The World Economic Rating Organization Moodis Investors Service has released its latest report on Pakistan’s economy, which has strengthened Pakistan’s economic outlook. Luck has emerged due to balance of payments, support for policy adjustments and flexibility of currency.

A report released by the global financial credit rating agency Mo0dis on Monday said that Pakistan is better than India for investment, ‘the government of Pakistan has improved the international payments situation’. Artifacts are noteworthy.

Advisor Treasurer Abdul Hafeez Shaikh has said that stabilizing Pakistan’s outlook from negatives by Moody’s supports the government’s success in the country’s economic stability.

Assistant Special Information Firdous Ashiq Awan says that the rewards of difficult decisions for economic recovery are beginning to come. After 100 months, the 100 index surpassed the psychological threshold of 40,000 with an increase of 837 points.

According to the report released by Moody’s, Pakistan’s rating was maintained at B3 but the first outlook was negative, which has now been strengthened by Moody’s. The report released by Moody’s says that the government’s measures will reduce external economic risks.

M0odis expects fiscal deficit to be around 8.6 per cent of GDP in the financial year 2019-20, which was 8.9 per cent in 2018-19 and will be brought down to about 7 per cent by 2021-23. Government revenue is likely to increase with the proportion of GDP. Authorities are also introducing an automotive income tax filing system to prevent tax evasion and increase sales tax.

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