Islamabad (August 1, 2017): Moody’s has warned ousting of Pakistan’s prime minister by the country’s top court dramatically raises the risk profile for investors and businesses in the tumultuous, but fast-growing South Asian economy.
The disqualification of Nawaz and the probe against his family is posing big challenges to the country’s credit profile.
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Political strife constrains Pakistan’s credit profile,” Moody’s Investors Service said.
Removal of Sharif will detract from policy-making in economic and fiscal matters” and reduce “the effectiveness of government policy in general.