Moody's declares Pakistan's banking outlook stable

ISLAMABAD (92 News) – Moody's declared Pakistan's banking outlook stable on Wednesday.

According to a report, Pakistan's banking sector has improved despite several challenges. Stability is an outcome of improvement in the reforms and policy from the government, it added.

The report says profit of banks had increased in 2020. "The Pakistani economy could return to the growth rate of five percent in 2021," it added.