Pakistan to maintain positive credit rating, Dr Shamshad Akhtar assures Moody's

• Dr Akhtar spoke about transparency for fostering investor confidence.
• She also underlines Pak's commitment to global financial cooperation.
• Minister is attending World Bank, IMF annual meetings in Morocco.

ISLAMABAD: Caretaker Minister for Finance, Revenue and Economic Affairs Dr Shamshad Akhtar has reiterated Pakistan's commitment to transparency for fostering investor confidence and maintaining a positive credit rating in global financial markets.

The minister's remarks came during a meeting held with a high-level delegation of Moody’s, the global financial services company, while she is on a visit to Morocco to attend the World Bank and International Monetary Fund's annual meeting, The News reported on Monday.

The interim financial minister had earlier underscored the cash-strapped nation's commitment to further economic prosperity and global financial cooperation.

The minister also participated in a high-profile meeting of the Managing Director International Monetary Fund, Kristalina Georgieva, with the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) finance ministers and state bank governors in Morocco, where the discussions encompassed key global economic issues and collaborative efforts to strengthen financial stability.

Meanwhile, Dr Akhtar met with the Minister of State for Financial Affairs of the United Arab Emirates (UAE) Mohamed bin Hadi Al Hussaini and discussed matters relating to the mutual interests.

The meeting was held on the sidelines of the annual meetings of the World Bank and International Monetary Fund in Morocco.

The discussion focused on further strengthening economic ties between Pakistan and the UAE, exploring avenues for enhanced cooperation in finance and revenue matters, and promoting investment and mutual economic growth.

Both sides expressed optimism about the potential for further collaboration and pledged to continue working together to advance their countries’ economic interests.

Meanwhile, Dr Shamshad Akhtar held a meeting with the S&P Global official, the independent credit ratings agency.

During the meeting, she emphasised the government’s dedication to ensuring financial stability, improving fiscal governance and implementing reforms that will contribute to sustainable economic growth.