S&P Global Ratings upgraded Pakistan's long-term sovereign credit rating to 'B' from 'B-', with a stable outlook. The agency cited an improving external position and gradual macroeconomic stabilisation, alongside strengthened institutional capacity to implement IMF reforms. This upgrade reflects quickened fiscal consolidation and rebuilt external buffers. This positive development could bolster investor confidence, potentially strengthening the PKR against the USD and influencing local gold demand.
بحوالہ / Source: www.dawn.com