I read recently about this. Does this mean Pakistan has provided a plan for repayment of rescheduled debts or does it refer to some specific investment vehicle?
No, it's not the debit rating but 'Credit' Rating that has been raised which means it will be easier (relatively) for Pakistan to borrow funds and conduct trades etc.
so pakistan can borrow more money? why do they need it?
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*Originally posted by Jagjeevan: *
so pakistan can borrow more money? why do they need it?
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It doesnt mean that they need it.. it means they are now better off in credit rating and if needed they can borrow .. world economy works like that.. all countries have some credit rating whether they take loans or not.. huge dams and other infrastructure are always lended by some international agency..