Karachi: The global rating agency Moody’s has upgraded the Pakistani banking outlook from stable to positive. This change in outlook highlights the resilience of the banking sector’s financial performance and the improvement in macroeconomic conditions compared to the extremely weak levels observed a year ago.
According to Radio Pakistan, this upgrade signifies a positive shift for Pakistan’s banking sector, which has shown strong financial resilience and adaptation to evolving economic conditions. The improvement in macroeconomic factors has played a crucial role in this upgraded outlook, suggesting a more stable future for the banking industry in Pakistan.