The government had been crying hoarse that it had stabilized the economy and good things would happen. The economists, the media, the analysts and the street opinion solicited by roaming media people did not agree. Now Moody’s Investors Service (“Moody’s”) has changed Pakistan’s outlook from negative to stable affirming Pakistan’s local and foreign currency long-term issuer and senior unsecured debt ratings at B3.
The CPEC Authority would be empowered to make decisions about CPEC projects all over the country, overriding the authority of the provincial governments. In the past Chinese officials have repeatedly complained about bureaucratic red tape in Pakistan stalling progress of CPEC projects. The creation of the CPEC authority will act as a one-window operation to avoid red tape... Islamabad has a very strong incentive to signal Beijing that it's still committed to CPEC and what better can be to announce two new measures on CPEC that benefit CPEC in a very big way.
A decision that has sparked international outrage and led to a widely condemned 80 days and counting shut down of Kashmir and that has brought immense misery to the Kashmiris and led to renewed and dangerous hostility with Pakistan