ISLAMABAD: Prime Minister Shehbaz Sharif has expressed satisfaction over the upgradation of Pakistan’s credit rating by the global rating agency Moody’s.
The PM while chairing a review meeting pertaining to Pakistan’s economy and investment in Islamabad on Wednesday, said the economy is on the path to growth after stability as his government managed to save the country from default.
Shehbaz Sharif said the upgradation of the country’s rating to Caa2 by Moody’s is due to the sound economic policies of the government.
He expressed the hope that the country’s economy will continue to move forward at the same speed in a positive direction.
Shehbaz Sharif said friendly countries are keen to invest billions of rupees in Pakistan’s various sectors which is a result of business-friendly policies of the government.
He said any delay in the implementation of investment projects from friendly nations is not acceptable. He directed all ministers and relevant departments to take steps to accelerate the pace of proposed projects.
The Prime Minister further said there is massive investment potential in different sectors of Pakistan, including agriculture, minerals, gemstones, information technology and energy. He added that foreign investment in these areas will not only enhance the volume of exports but it will create new job opportunities for the youth.
The meeting was also informed about the progress on projects under the second phase of China Pakistan Economic Corridor (CPEC).
The Prime Minister ordered relevant authorities to ensure transparency in all projects and their implementation on a priority basis as well.
