Business

IMF program restoring Pak forex reserves: Moody’s

SINGAPORE: Moody’s Investors Service says that Pakistan’s Caa1 government bond rating with a negative outlook reflects the country’s very low institutional and fiscal strength, its weakened external position and large government financing needs. Moody’s views were outlined in its just-released … read more

Pakistan receives $400mn from ADB

Islamabad: Pakistan has received US 400 million from the Asian Development Bank (ADB) on account of support to the Government of Pakistan’s ongoing reforms to tackle the country’s chronic energy crisis on Saturday. In recognition of government’s commitment to carry … read more