Economy shows signs of recovery amid govt-military collaboration
Pakistan’s economy is showing significant signs of recovery due to the coordinated efforts of the federal government and military leadership, dispelling widespread rumors of a possible default. Moreover, positive economic developments in recent days have signaled a brighter future of growth and prosperity for the country. The State Bank of
Moody’s upgrades ratings for five Pakistani banks
Moody’s Investors Service has upgraded the credit ratings of five Pakistani banks. The global rating agency has improved the long-term deposit ratings of these banks from CAA3 to CAA2. According to Moody’s statement, Allied Bank Limited, Habib Bank Limited, Muslim Commercial Bank, National Bank of Pakistan, and United Bank Limited
