Good news for Pakistan's economy - Fitch upgrades Pakistan rating
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NewsTranscript
00:00And for the economy of Pakistan, the FEC has improved the rating of Pakistan.
00:08According to the media, the FEC has made Pakistan's rating triple C+.
00:12Shoaib Nizami knows more details.
00:14Tell us, Shoaib.
00:16After the 2008, Pakistan's rating has been improved by 7 months.
00:20It has been made triple C and triple C+.
00:23And the FEC has said that the international investors will have confidence in Pakistan's new IMF program.
00:31Pakistan is going to get a program of around 7 billion dollars.
00:35Because of this, Pakistan's rating will also improve.
00:37And Pakistan will have confidence in the more funding it needs from international institutions.
00:41In addition, if Pakistan wants to launch its own bond, it will also get a lot of help.
00:47Thank you for the update.