S&P Global Ratings upgraded Pakistan's credit rating from CCC+ to B-, maintaining a stable outlook, reflecting improved financial conditions in the country. This upgrade is seen as a positive development for the government's efforts to strengthen Pakistan's economy. Concurrently, private foreign exchange companies in Pakistan met with the head of an intelligence agency to address the local rupee's recent decline against the US dollar. The intelligence agency is reportedly targeting the black market dollar trade as part of efforts to stabilize the currency. These developments indicate coordinated measures to improve Pakistan's economic stability and currency valuation.