Saturday, September 19, 2015

Moody’s predict stable outlook for Pakistan

International monitoring watchdog Moody’s Investors Service has assigned a provisional rating of (P)B3 to Pakistan’s announced global bond offering while keeping the outlook stable.

The predicted announcement comes after Pakistan and China agreed to establishing a  China-Pakistan Economic Corridor (CPEC) from Pakistan's Gwader port on the Arabian Sea to China through land route in Pakistan.

CPEC is expected to generate immense economic activity in Pakistan including the communication, transportation and power generation sectors.

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