Ratings agency S&P Global raised Pakistan’s sovereign credit rating to ‘B-’ from ‘CCC ’ and placed it on a ‘stable’ outlook on Thursday, saying the country’s finances and reserves had been stabilised by International Monetary Fund (IMF) support.

“The stable outlook reflects our expectations that continued economic recovery and government efforts to enhance revenue will stabilise fiscal and debt metrics,” S&P said in a statement on the move.

“We also........

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