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Fitch affirms Pakistan’s ratings with stable outlook

NEW YORK: Fitch Ratings affirmed Pakistan’s long-term foreign currency issuer default rating (IDR) at ‘B-’ with a stable outlook, stating the government’s economic policy actions helped resist the shocks of coronavirus pandemic. According to a report by the New York-based

Pakistan’s fiscal deficit to reach 9.5% of GDP in FY21: Fitch

NEW YORK: Global ratings agency Fitch has said Pakistan’s fiscal targets presented in the FY2020-21 budget will be challenging to meet amid the economic and health crisis associated with the coronavirus pandemic. Fitch had affirmed Pakistan’s rating at ‘B-’ with

Economic stability reaffirmed

After Moodys raised Pakistan’s economic outlook to stable last month, another top rating credit agency Fitch has reaffirmed the country’s long-term rating with a stable outlook. The improvements in Pakistan’s economy have now been realized by two of the top

Fitch affirms Pakistan’s credit rating at B- with stable outlook

NEW YORK: International credit rating agency Fitch has affirmed Pakistan’s sovereign credit rating at B- with a stable outlook. In a press release issued on Monday, the agency took note of progress being made towards strengthening external finances and positive