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Pakistan's long-term rating is B minus and short-term rating B. The report states that the IMF program, multi- and bi-lateral funding will help boost the country's economy, with funding from the IMF and other sources for the next 12 months.
New York The global rating agency S&P said while maintaining the outlook of the Pakistani economy stable, the IMF program, multi- and bi-lateral funding will help boost the domestic economy. The report on the Pakistani economy has maintained a stable outlook
Pakistan's long-term rating is B minus and short-term rating B. The report states that the IMF program, multi- and bi-lateral funding will help boost the country's economy, with funding from the IMF and other sources for the next 12 months. Hopefully, the country's economic indicators will not deteriorate further. The global rating agency says that Pakistan's economic growth rate will be 2.4 percent, which is the lowest level of 12 years, per capita income of 1200 by the end of this financial year. According to the report, law and order situation has improved in the country: Malik The economy is facing external concerns, Pakistan's lower incomes due to lower ratings, foreign investment is being seen due to poor infrastructure. Dollar cost in interbank has dropped by 16 paise, externally cheaper by $ 423 billion. Has decreased. With the news of Pakistan receiving $ 4 billion from the Islamic Development Fund, the dollar rate started to fall further against the rupee, the Interbank reported.
The dollar was down 16 paise in early trade and is trading at Rs 123 at 80 paise. The dollar has fallen to 4.70 paise from its highest level of 128 rupees 80 paise so far. Due to this, Pakistan needs about $ 2 billion a month.
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