A resumption of full-scale hostilities could have negative implications for the country's already stressed fiscal and debt position, and likely impair its previously adequate level of external balances.
More Quotes from Agost Benard:
What is important is the process of charter change itself as well as the outcome, whether it will materialize or not, does not affect this policy making economic reforms, especially fiscal consolidation.Agost Benard
The government will respond in a more prompt and appropriate way. They will be in a better position to handle whatever shock may come their way.
Agost Benard
The fact that the suspension is lifted is obviously very positive news.
Agost Benard
The stable outlook reflects revised expectations concerning the prospects of policy continuity and adherence to fiscal consolidation, which foreshadows improved chances for overall deficit reduction and stabilization of the country's debt dynamics.
Agost Benard
Sharp declines in the governments external debt indicators and structural improvements that, over time, should help Pakistans export capacity motivated the change in outlook for the foreign currency rating.
Agost Benard
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