Ratings Update

On July 28, the federal government pushed for each province in Pakistan to begin the process of expenditure management and resource mobilisation. Some austerity measures put forth by the prime minister include freezing all expenditures (except salaries), giving preference to projects and schemes that are nearer completion and adhering to financial discipline in the allocation and disbursement of funds. Pakistan needs to embark on these measures in order to meet its commitment made to the IMF and other international bilateral and multilateral lenders.

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