Business leaders in Pakistan, including the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Businessmen Forum, have welcomed Moody’s recent upgrade of the country’s credit rating from CAA2 to CAA1. They view it as a positive step for economic stability and investor confidence, particularly regarding financing from global markets at lower interest rates.

FPCCI Vice President Muhammad Aman Paracha called the upgrade a promising sign of economic recovery, emphasizing the need to lower interest rates to improve access to credit and investment. While acknowledging that Pakistan’s rating is still low, he noted significant improvements from a previous critical status.

Abdul Rashid Abro, a former FPCCI Vice President, highlighted the recognition of ongoing reforms and mentioned the recent U.S. trade agreement as a boost for exports. NKATI President Faisal Maiz Khan stated that Moody’s upgrade reflects improving economic conditions and will enhance the credibility of Pakistan’s financial systems, attracting both local and foreign investment.