PM Shehbaz Sharif hails Moody’s upgrade of Pakistan’s credit rating to B3

Mettis Global reported that Prime Minister Shehbaz Sharif welcomed Moody's move to lift Pakistan's sovereign rating from Caa1 to B3. The statement, dated August 24, 2026, presented the upgrade as a sign of growing international trust in the government's economic direction. Sharif framed the change as evidence that the economy is steadying.

He credited the economic team, including Deputy Prime Minister and Foreign Minister Ishaq Dar, Chief of Army Staff Field Marshal Syed Asim Munir and Finance Minister Muhammad Aurangzeb, for their efforts. He said the rating gain shows global confidence in government policies and reforms. He also said the government has taken steps to stabilise the economy and strengthen the external sector.

Sharif said the recognition by international lenders and rating agencies is encouraging. He added that the government will accelerate reforms so the economy rests on lasting foundations. He also said his aim is an economy that is robust, self-reliant and durable.