Good news for Pakistan's economy - Fitch upgrades Pakistan rating - video Dailymotion

Good news for Pakistan's economy - Fitch upgrades Pakistan rating

Transcript

00:00And for the economy of Pakistan, the FEC has improved the rating of Pakistan.

00:08According to the media, the FEC has made Pakistan's rating triple C+.

00:12Shoaib Nizami knows more details.

00:14Tell us, Shoaib.

00:16After the 2008, Pakistan's rating has been improved by 7 months.

00:20It has been made triple C and triple C+.

00:23And the FEC has said that the international investors will have confidence in Pakistan's new IMF program.

00:31Pakistan is going to get a program of around 7 billion dollars.

00:35Because of this, Pakistan's rating will also improve.

00:37And Pakistan will have confidence in the more funding it needs from international institutions.

00:41In addition, if Pakistan wants to launch its own bond, it will also get a lot of help.

00:47Thank you for the update.