SBP governor hails economic progress

State Bank of Pakistan Governor Dr Reza Baqir on Tuesday hailed the recent economic achievements of Pakistan, reaffirmed by American credit rating agency, Moody's.

Dr Baqir lauded the efforts of Pakistan's economic team, which helped improve the country's ranking from 'negative' to 'stable'.

The governor stated that the recent improvements were attributable to the difficult decisions taken by the incumbent government, adding that the fruits of hard work and dedication were now showing results.

The SBP governor emphasised that this achievement should now be translated into “relief for the common man” of Pakistan.

"The middle class of the country has borne the brunt of economic decisions made by the government and now they must be rewarded for their steadfastness," he said. “The impoverished segments of the society should also be facilitated, and a concerted effort is required in this regard.”