London February 10 2023: Pakistan’s external position is under significant stress following delays in securing financing which have driven a continued decline in its foreign exchange reserves, Moody’s Investors Service says in statement.
The financing from the IMF is crucial to alleviate Pakistan’s liquidity stresses and also catalyze funding from other sources
“Pakistan’s government liquidity and external vulnerability risks are elevated, and there remains considerable risks around Pakistan’s ability to secure required financing to fully meet its needs for the next few years,” says statement.
