S&P Global Ratings upgrades Pakistan's sovereign credit rating to 'B'

S&P Global Ratings has upgraded Pakistan's long-term sovereign credit rating from 'B-' to 'B', indicating an improving economic situation. This upgrade reflects better institutional stability and the successful implementation of reforms under the International Monetary Fund (IMF) program.

The stable outlook suggests that Pakistan is becoming more attractive to foreign investors, as it can meet its debt obligations more easily. The upgrade is expected to help the country attract more foreign investment and improve its financial health overall.