Moody’s upgrades five major Pakistani banks

Karachi: In a significant development for Pakistan’s financial sector, global rating agency Moody’s has upgraded the deposit ratings of five major Pakistani banks by one notch. The decision comes after Pakistan’s recent improvement in its credit rating, reflecting growing confidence in the country’s economy and financial stability.

Experts say the move will boost investor confidence, further strengthen trust in the banking industry and facilitate easy access to capital internationally.  According to analysts, this upgrade will also improve liquidity and credit growth in the country’s banking system.