New IMF program for Pakistan to prove beneficial to govt: Moody’s

 
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Washington, Oct 18 (TNS): International rating agency Moody’s has said the new IMF program for Pakistan will prove beneficial to the government.

In a report, the Moody’s said the new programme will provide much needed cushion to the economy. It added that the programme will aid exports and attract foreign investment into the country.

The rating agency also called mini budget of PTI government good for economy. It said the finance bill will assist in bringing expenditures and deficits down.

The new IMF programme will also assist Pakistan in carrying out economic reforms.