S&P upgraded Pakistan's rating to 'B' from 'B-'. This upgrade reflects improved institutional stability and key IMF-backed reforms. Reforms have accelerated fiscal consolidation and strengthened external buffers for the nation. Revenue collection improved, aiding a gradual decline in the debt burden. Macroeconomic stability has been restored, rebuilding foreign exchange reserves.

S&P upgraded Pakistan's rating to 'B' from 'B-'. This upgrade reflects improved institutional stability and key IMF-backed reforms. Reforms have accelerated fiscal consolidation…

July 22 : Credit ratings agency S&P Global raised Pakistan's long-term sovereign credit rating to "B" from "B-" on Wednesday, citing stronger institutional stability and effective…