By Shahzada Ahsan Ashraf
Pakistan’s road to securing higher credit ratings depends on the government’s stance to push for tough reforms. Pakistan can secure an upgrade after elections.
The government working with key institutions has a better chance of securing financing from the IMF. Pakistan’s CCC rating is one step below the B category.
This rating signifies the nation is vulnerable to a default. New policy moves to improve investor confidence and steps to cut inflation could lift fiscal and external metrics to improve for an upgrade.
The IMF bailout package is set to end in March, putting pressure on the new government to quickly secure another round of financing.
(The writer is a Former Chairman and Managing Director PIA, Former Federal Minister of industries and production)
