International rating agency Moody’s has described Pakistan’s external payments situation as critical.
Moody’s paints a picture of Pakistan’s economy saying that it will be difficult for Islamabad to meet its financing needs over the next few years.
According to Moody’s, the precondition for issuing the next tranche of the International Monetary Fund (IMF) may be related to measures to increase revenue.
According to the global rating agency, social and political concerns will make the implementation of the government’s reform program difficult.
According to Moody’s, liquidity and external concerns have intensified for the Government of Pakistan, making it difficult to meet its financing needs over the next few years.
