Bangkok: (RightNow) Finance Minister Muhammad Aurangzeb held a significant meeting with Moody’s representatives. Following the meeting, an indication of potential improvement in the country’s credit rating was given.

The discussion focused on Pakistan’s credit rating and economic indicators. Access to global capital markets was also addressed.

This meeting took place during the annual meetings of the World Bank and IMF. Pakistan’s economic outlook and sovereign credit profile were reviewed.

The Finance Minister informed that Pakistan is striving to secure long-term financial resources instead of expensive loans. Debt management was also discussed.

It is noteworthy that the Pakistani delegation emphasized increasing foreign exchange reserves and limiting the current account deficit. They also reiterated their commitment to export-led economic growth.