S&P revises Pakistan economic outlook to ‘positive’ from ‘stable’

SINGAPORE – Standard & Poor’s has revised its 2015-2017 average real GDP growth projection for Pakistan to 4.6% from 3.8%. It says Pakistan has made significant progress in stabilising its economic, fiscal, and external performance, and that financing conditions have also eased considerably.

“We are therefore revising the outlook on the long-term ratings on Pakistan to positive from stable, S&P says. We are also affirming our 'B-' long-term and 'B' short-term sovereign credit ratings on Pakistan.” www.standardandpoors.com (ATI).