Moody’s: Pakistan banking system to stable

Moody's Investors Service said it changed the outlook for the Pakistan banking system to stable from negative, reflecting the improvement in the country's economic growth prospects, driven in turn by the government's commitment to economic reforms under its IMF program.

"We expect the strengthening economy, together with the central bank's accommodative monetary policy, to stimulate lending growth and support the banking sector's loan performance over the next 12-18 months," Elena Panayiotou, Moody's assistant vice president and lead analyst for Pakistani banks, said in a news release.

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