Govt says 3.3% GDP growth given to IMF was a ‘typo’
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Hyde
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Well we are not sure whether it was a typo or deliberate attempt. But the point to notice is that both IMF and World Bank has indicated positive news for Pakistan economy meaning something is definitely being done at grass roots level. Now the latest change in the Moody's rating is also indicating positive news about Pakistan's economy. I know CAA1 is not a very good rating still, but nevertheless there has been slight improvement in this regard and we know how important Moody's rating is for any nation.
The whole world's economy can be shaken by Moody's rating and in my Forex Exchange career I have seen number of times the Euro or the US Dollar dipping 150-300 pips after one bad indicator from Moody's. So they are a real game changer and if they have said it, its more credible than any Pakistani or International "News Agencies" source.
Moody's changes Pakistan's rating outlook to stable
The whole world's economy can be shaken by Moody's rating and in my Forex Exchange career I have seen number of times the Euro or the US Dollar dipping 150-300 pips after one bad indicator from Moody's. So they are a real game changer and if they have said it, its more credible than any Pakistani or International "News Agencies" source.
Moody's changes Pakistan's rating outlook to stable
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