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Tag Archives: Pakistan as credit positive for banks

Remittance growth credit positive for Pakistani banks: Moody’s

ISLAMABAD: Rating agency Moody’s has termed growth in remittances in Pakistan as credit positive for banks, saying foreign inflows improve their access to low-cost and stable deposits. Moody’s in its latest report on Pakistan has stated that increase in workers’ remittances for 7MFY21 is contrary to their expectation that the pandemic would keep remittances flat and the World Bank’s forecast ... Read More »