DLP Report
\nPESHAWAR
\nKhyber Pakhtunkhwa Chief Minister\u2019s Adviser on Finance Muzzammil Aslam on Tuesday criticised the federal government over its economic policies, saying Pakistan\u2019s credit rating had suffered a sharp decline before recovering in recent years.
\nReacting to the latest Moody\u2019s rating, Mr Muzzammil said Pakistan had maintained a B3 stable rating during former prime minister Imran Khan\u2019s tenure from 2018 to 2022. He claimed the rating started declining in June 2022 under the Pakistan Democratic Movement (PDM) government.
\nHe said the country\u2019s rating fell by four notches within a year, reaching Caa3 in February 2023, a category he described as carrying an extremely high risk of default. According to him, Pakistan took three and a half years to return to the B3 level.
\nThe finance adviser said the people had faced historically high inflation, unemployment and poverty during the period. He added that a large number of Pakistanis had left the country in search of employment opportunities abroad, which, he said, reflected the difficult economic conditions.
\nMr Muzzammil questioned the federal government\u2019s portrayal of the latest rating as an economic achievement, saying the government should instead apologise to the nation for the economic difficulties faced by the people.
\nHe also criticised the media for what he described as presenting the current economic situation as a major government achievement without providing the broader historical and economic context.
\nHe urged the media to present a complete picture of the country\u2019s economic performance and the challenges faced by the people.<\/p>\n","protected":false},"excerpt":{"rendered":"
DLP Report PESHAWAR Khyber Pakhtunkhwa Chief Minister\u2019s Adviser on Finance Muzzammil Aslam on Tuesday criticised the federal government over its economic policies, saying Pakistan\u2019s credit rating had suffered a sharp decline before recovering in recent years. Reacting to the latest Moody\u2019s rating, Mr Muzzammil said Pakistan had maintained a B3 stable rating during former prime […]<\/p>\n","protected":false},"author":2,"featured_media":563933,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-563935","post","type-post","status-publish","format-standard","has-post-thumbnail","category-top-news"],"yoast_head":"\n