Pakistan's economy, already in turmoil, has been badly hit by devastating floods this monsoon season which are estimated to have caused over $30 billions in losses. Moody's cut Pakistan's sovereign credit rating on Oct. 6 by one notch to Caa1 from B3, citing increased government liquidity and external vulnerability risks following the floods, in a move strongly contested by the Pakistani government.from International-News-Economic Times https://ift.tt/anGWCtV
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