Pakistan, Aug. 15 -- Pakistan's central bank said on Thursday recent credit rating upgrades underscored the country's improving macroeconomic outlook, as Governor Jameel Ahmad used an Independence Day address to stress economic resilience and reforms.

The remarks came a day after Moody's Investors Service upgraded Pakistan's sovereign rating, citing stronger foreign exchange reserves, a current account surplus and fiscal consolidation. Analysts said the move could ease access to global capital markets and attract investment as Pakistan looks to consolidate gains under its $7 billion IMF program approved in September 2024.

"International credit rating agencies have upgraded Pakistan's ratings in recognition of recent measures which will ...