ISLAMABAD: International company Moody’s, which ranks worldwide in terms of financial governance, has brought great good news to Pakistan.
According to details, Moody’s has declared Pakistan’s banking outlook as stable. A statement issued by Moody’s said that despite the dire situation, liquidity in the banking sector is better and the prospects for growth in the banking system in Pakistan are welcome.
According to the Moody’s report, Pakistan’s economic growth will be 1.5 percent in 2012, while Pakistan’s economic activity will remain at pre-Corona levels, and private sector lending will be 5 to 7 percent this year.
In its report, Moody’s forecasts that Pakistan’s economic growth in 2022 will increase to 4.4 percent in 2022.
It should be noted that due to the successful strategy of Prime Minister Imran Khan during the Corona epidemic, the wheel of industries continued to run. During the global epidemic, the construction sector in Pakistan improved significantly.
It may be recalled that during the first wave of the global epidemic in August last year, the international rating agency Moody’s had strengthened Pakistan’s rating outlook and maintained Pakistan’s credit rating at B3.
Later, Fitch also described the outlook for Pakistan’s economy as stable.