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Pakistan’s economic turnaround

59 5
26.09.2024

PAKISTAN’S economy has been a subject of concern and debate for years, with periods of instability, debt crises and slow growth often overshadowing the country’s potential. However, the recent positive shift in Pakistan’s economic outlook, as highlighted by Moody’s increased economic rating, marks a significant turnaround. This improvement is not a coincidence but a direct result of the exceptional leadership demonstrated by the Pakistani Army chief and the incumbent government led by Prime Minister Shehbaz Sharif. Moody’s Investors Service, one of the world’s leading credit rating agencies, recently upgraded Pakistan’s economic rating. This move has sparked a wave of optimism within the country and among international investors. The upgrade is a clear signal that Pakistan’s economy is on a more stable and sustainable path, with improved prospects for growth, investment, and financial stability.

The significance of this rating cannot be overstated. It reflects increased confidence in Pakistan’s economic policies and governance, which have been critical in addressing the country’s longstanding challenges. While several factors contribute to such a rating, the role of leadership in steering the nation through turbulent times stands out as a decisive factor. In recent years, Pakistan’s Army chief has taken a more active role in ensuring economic stability, recognizing that a strong economy is crucial for national security. Under the leadership of current Army chief, there has been a concerted effort to support........

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