Govt's actions helped to stabilize economy: Finance Ministry.

ISLAMABAD -- The Ministry of Finance says actions by the government have helped stabilize the economy and reduce the unsustainable fiscal and trade deficits, leading to restoration of business confidence.

In a statement issued on Wednesday, the Finance Division said the success of the measures taken by the government to restore and further improve the business confidence is evident in the performance indicators which have significantly improved on many fronts.

The statement said Moody's Investors Services upgraded Pakistan's outlook from 'negative' to 'stable' last month, reaffirming the country's rating of B3, whereas in June 2018, Moodys had downgraded outlook to 'negative'.

Similarly, Pakistan's ranking in the Ease of Doing index also moved higher by 28 points while the World Bank ranked Pakistan among the Top 10 reformers last year. Likewise, Bloomberg had showcased Pakistan Stock Exchange as the top performing market in the world in the last...