Pakistan’s Pakistan economy is now in a stronger position to face global challenges, according to Moody’s Assistant Vice President Grace Lim. She said recent economic stability has improved the country’s ability to manage external risks.
In her assessment, Lim said Pakistan’s economy is stronger than it was during the oil crisis in 2022. She also said a crisis involving the Strait of Hormuz would have a smaller impact on Pakistan than the country faced in 2022.
Lim said Pakistan achieved greater economic stability over the past two years. She added that this progress has placed the Pakistan economy in a better position to deal with global and regional economic pressures.
According to the Moody’s official, lower inflation remains one of Pakistan’s key strengths. She also highlighted the stability of the exchange rate as an important factor supporting the country’s economic position.
Lim further pointed to the significant improvement in Pakistan’s foreign exchange reserves. She said stronger reserves are providing economic buffers and helping the country manage potential external pressures.
The Moody’s official said Pakistan is better prepared to deal with global and regional economic challenges. She noted that the country’s improved economic stability has strengthened its capacity to absorb future shocks.
Lim said Pakistan has achieved greater economic sustainability during the past two years. The latest assessment suggests that stronger reserves, lower inflation and exchange-rate stability have improved the outlook for the Pakistan economy.
