Adviser to Prime Minister Imran Khan on Finance Abdul Hafeez Shaikh on Monday said that the Fitch, one of the top credit rating agencies in the world, has maintained the B-negative (B-) rating of the country with a stable economic outlook.
He said that the rating from the Fitch was proof of a stable and effective financial management adopted by the incumbent government.
Fitch Ratings has maintained Pakistan’s sovereign rating at “B-“ with a “Stable Outlook”, further confirming Moody’s assessment. This is a testament to the Govt's balanced & effective financial management to protect livelihoods of citizens while also preventing COVID-19 spread.— Dr. Abdul Hafeez Shaikh (@a_hafeezshaikh) August 17, 2020
“It shows the growing confidence of the international institutions on economic policies of the country,” he said.
Hafeez Shaikh said that the government diverted its attention towards safeguarding public employment during coronavirus and it was due to these policies that the economy witnessed an improvement even during the pandemic.