Islamabad, July 22, 2026(News Desk): Prime Minister Muhammad Shehbaz Sharif has welcomed the decision by S&P Global Ratings to upgrade Pakistan’s sovereign credit rating from “B-” to “B”, describing it as a significant milestone for the country’s economy.
The Prime Minister said the upgrade reflects growing international confidence in the Government’s prudent economic policies, fiscal discipline, structural reforms, and sustained efforts to stabilize and strengthen the national economy.
He noted that the improved sovereign rating is a testament to the Government’s successful measures aimed at restoring macroeconomic stability, strengthening the tax system, reducing the fiscal deficit, and enhancing the country’s foreign exchange reserves.
The Prime Minister emphasized that the Government had taken difficult but necessary economic decisions, the positive outcomes of which are now being recognized by leading international institutions.
He expressed confidence that the upgraded credit rating would further enhance the confidence of international investors, create new investment opportunities, and accelerate Pakistan’s economic growth.
Prime Minister Shehbaz Sharif also commended Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar, Field Marshal Syed Asim Munir, Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, the Government’s economic team, and all relevant institutions for their dedicated efforts that contributed to this achievement.
Reaffirming the Government’s commitment to economic reform, the Prime Minister said the reform agenda would continue with determination to lay the foundation for a strong, resilient, and sustainable economy for Pakistan.