Islamabad: (RightNow) Prime Minister Shehbaz Sharif has hailed the improvement in Pakistan’s credit rating as a significant milestone for the national economy. He welcomed the upgrade by global credit rating agency S&P Global from ‘B minus’ to ‘B’.

The Prime Minister stated that this achievement reflects the government’s effective economic policies and fiscal discipline. The international agency’s rating signifies stability in the economy.

He further mentioned that the government’s actions are on the right track, with improvements in the tax system and reduction in fiscal deficit being acknowledged.

The Prime Minister expressed expectations of increased confidence among international investors. He stated that this development will create new investment opportunities in Pakistan.

It is noteworthy that S&P Global made this decision based on reforms under the IMF program, institutional stability, and improved economic indicators.