Moody’s Investors Service has said that Pakistan’s high debt burden, very narrow revenue base, fragile external payments position and high political risk constrains the country’s credit profile. Moody’s, in its latest report on Pakistan, stated that it does not expect Pakistan’s addition to Financial Action Task Force’s (FATF) Grey List in Jun.18 to have a material impact on its external financing. Pakistan’s (B3) stable credit profile is underpinned by moderate economic strength, very low institutional strength, very low fiscal strength, and high susceptibility to event risk.