ISLAMABAD (Dunya News) – Moody's, the international rating agency, has remarked on Pakistan's budget for the fiscal year 2024-2025, stating its potential significance in the negotiations for the IMF programme.
In its analysis, the global rating firm noted that maintaining the growth rate target at 3.6 percent appeared to be a gesture aimed at satisfying the IMF.
The report highlighted that over 50 percent of the government's revenue would be allocated to servicing interest payments.
It also cautioned about the potential reemergence of social tensions due to inflation.
Moody's report indicated that the reform agenda was expected to yield consequences.
Furthermore, Moody's emphasised the importance of adhering to reforms, particularly considering the coalition government's limited electoral mandate.