May 29, 2023

The credit outlook for Pakistan is lowered by S&P

SINGAPORE: The country’s external position is deteriorating due to increasing commodity prices, the depreciation of the rupee, and tighter global financial conditions, according to the most recent Standard & Poor’s (S&P) Global Ratings, which changed Pakistan’s credit outlook from neutral to negative. According to a statement released by S&P on Thursday, Pakistan’s credit rating may […]

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