Judges restoration a positive step: Moody�s

LONDON: The restoration of judges is a positive step taken due to the presence of the democratic government. Following restoration of judges in Pakistan, Moody�s Investors Services� analyst, Ananda Mitra in his report said that it would be premature to say how far the restoration of judges would bring about political harmony in the country. The report said that Pakistan could also witness fall in foreign remittances and foreign investment due to global downturn, however Pakistan could benefit from the long-term investment strategy of the Chinese and Gulf States� investors. The report further said that political instability could further aggravate Pakistan�s economic situation.