Pakistan, Aug. 24 -- Prime Minister Shehbaz Sharif has welcomed Moody's decision to improve Pakistan's sovereign credit rating. He said the upgrade reflects growing international confidence in Pakistan's economic policies. The prime minister also praised the government's economic team for its efforts.

Shehbaz said Deputy Prime Minister Ishaq Dar and Field Marshal Syed Asim Munir deserved appreciation. He credited their efforts with supporting Pakistan's economic progress. He also welcomed recognition from international financial institutions and rating agencies.

According to the prime minister, Pakistan's economy is moving towards greater stability. He said the improved rating provides clear evidence of that progress. Moody's upgraded P...