Fitch has also improved Pakistan’s economic outlook from negative to stable

(Web Desk): International credit rating agency Fitch has upgraded Pakistan’s credit rating, raising it from CCC+ to B-.
Fitch has also improved Pakistan’s economic outlook from negative to stable.
The agency upgraded Pakistan’s long-term foreign currency issuer default rating from CCC+ to B-, and also rated the country’s local currency rating at B-.
According to Fitch, this upgrade reflects growing confidence in Pakistan’s efforts to reduce its budget deficit and maintain the momentum of economic reforms.
Fitch stated that Pakistan has improved its implementation of the IMF program and has gained easier access to financing.
The agency expects Pakistan’s overall budget deficit to reduce to 6% by June, with a medium-term target of around 5%. In fiscal year 2024, the deficit was approximately 7%.
Fitch also noted that Pakistan’s outlook from Moody’s and S&P is stable, which indicates signs of stabilization in the country’s economy.
However, the agency emphasized that Pakistan still faces economic challenges, and maintaining the continuity of economic reforms is extremely important.

Luka relishes chance to take on Wolves' Gobert
- 8 hours ago

Edit, share, repeat: Meta drops powerful new video app
- 17 minutes ago
Pakistan voices concern over tourist killings in IIOJK
- an hour ago

From Michigan Man to Raiders master planner: Inside the rise of Las Vegas GM John Spytek
- 8 hours ago

Legwold ranks the 100 best draft prospects: An annual list of the top names to know
- 8 hours ago

Ex-South Alabama QB Lopez commits to UNC
- 8 hours ago

Faisalabad scientists develop high-egg-laying chicken breed
- an hour ago

Everybody’s got a favorite new game
- 9 hours ago

10 charts prove that clean energy is winning — even in the Trump era
- 7 hours ago

SC rules dowry and gifts belong exclusively to brides
- an hour ago
Two new int'l airports in Pakistan to enhance aviation infrastructure
- 39 minutes ago

iRobot’s Roomba Combo 10 Max is nearly 50 percent off for Verge readers
- 9 hours ago