exchange reserves are at an all-time high Pakistan's
stock with the international financial community has
gone up a notch, improving its chances of securing much-needed
The good news comes in the form of an upgrade from credit rating agency
Standard & Poor's, which on Thursday announced it was taking a
more positive view of Pakistan.
negotiations to reschedule $12.5bn (£7.9bn) in external
debt mean the country has bigger foreign exchange reserves,
which hit an all-time high of $9.01bn in late November.