PM Shehbaz expresses satisfaction over upgradation of Pakistan's credit rating by Moody's

Prime Minister Shehbaz Sharif Wednesday expressed satisfaction over the upgradation of Pakistan's credit rating by the international rating agency Moody's, reported 24NewsHD TV channel.

Chairing a review meeting related to the progress of the country's economy and investment in Islamabad, he said the economy is on the path to growth after stability as we saved the country from default.

Shehbaz Sharif said the upgradation of the country's rating to Caa2 by Moody's is as an acknowledgement of sound economic policies of the government.

He hoped that the country's economy would continue to move forward at the same pace in a positive direction.

Shehbaz Sharif said the keen interest of friendly countries to invest billions of rupees in Pakistan's various sectors is a result of business friendly policies of the government.

He categorically said any delay in the implementation of investment projects from friendly countries is not acceptable. He directed all ministers and relevant institutions to take steps to accelerate the pace of proposed projects.

The Prime Minister further highlighted the enormous investment potential in different sectors of the country, including information technology, agriculture, minerals, gemstones and energy. He said foreign investment in these sectors will not only boost exports' volume but it will create job opportunities for the youth.

The meeting was briefed about the improvement in country's rating by Moody's, progress on investment agreements with friendly countries in various sectors and ongoing projects.

It was also informed about the progress on projects under the second phase of China Pakistan Economic Corridor.

The Prime Minister directed authorities concerned to ensure transparency in all projects and their implementation on a priority basis as well.