Pakistan's Economy More Resilient to Hormuz Shock: Moody's

A Moody's Ratings analyst stated Pakistan absorbed the Strait of Hormuz closure's economic shock more effectively than the 2022 oil crisis, attributing this to two years of macroeconomic stabilization. This resilience, marked by lower inflation, stable exchange rates, and higher foreign exchange reserves, underpinned the country's recent sovereign credit rating upgrade. The analyst highlighted improved governance, a stronger external position, and better fiscal metrics as key drivers. Continued economic stability could support the Pakistani Rupee, potentially influencing local gold prices downwards.

بحوالہ / Source: www.brecorder.com