Moody’s Upgrades Pakistan’s Credit Rating to B3, Citing Economic Improvement
ISLAMABAD: Moody’s Ratings has upgraded Pakistan’s sovereign credit rating to B3 from Caa1, citing improvements in the country’s external position, fiscal performance and domestic financing conditions. The global ratings agency maintained Pakistan’s outlook at “stable”, according to Bloomberg. The upgrade represents a significant improvement in the country’s credit assessment after years of financial pressure and […]
Oil Prices Slip as Markets Brace for Tougher US Sanctions on Iran
SINGAPORE: Oil prices fell by more than $1 a barrel on Monday as investors took profits following two consecutive weeks of gains, while markets awaited an expected US announcement on tougher sanctions against Iran. Brent crude futures fell $1.23, or 1.3%, to $93.16 a barrel by 0329 GMT. US West Texas Intermediate (WTI) crude declined […]
Field Marshal Asim Munir Arrives in Tehran to Support Regional Peace Efforts
Pakistan’s Chief of Defence Forces is visiting Iran as Islamabad steps up diplomatic efforts to promote peace and stability amid the escalating regional situation. TEHRAN: Field Marshal Syed Asim Munir has arrived in Tehran on an official visit to Iran as part of Pakistan’s ongoing diplomatic efforts to promote peace and stability in the region, […]