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Tag: Fitch Ratings

Pakistan
  • Web Desk
  • Apr 15, 2025
Fitch upgrades Pakistan’s credit rating after years

Fitch has also maintained a “stable outlook” for the long-term rating, suggesting no immediate risk of further downgrades.

Fitch Ratings
Business
  • Web Desk
  • Feb 07, 2025
Fitch projects 3 per cent growth for Pakistan amid easing interest rates

Pakistan’s economy is on track to grow by 3.0 per cent in the fiscal year 2025, according to a new report from Fitch Ratings.

Global car sales
World
  • Web Desk
  • Dec 03, 2024
Fitch expects global auto sales to rise, but warns of profitability risks

Fitch Ratings has kept a ‘neutral’ outlook for the global automotive sector which indicates that production levels will remain stable.

The Finance Minister met with several high profile foreign officials and financial institutions to attract economic and investment opportunities in the country.
Business
  • Web Desk
  • Oct 24, 2024
Fin Minister engages with several foreign officials for economic opportunities

The meeting was part of Aurangzeb’s visit to the annual meeting of the World Bank and IMF.

Pakistan’s forex reserves
Business
  • Web Desk
  • Aug 06, 2024
Pakistan optimistic as key allies agree to extend debt

Pakistan has successfully secured commitments from China, Saudi Arabia, and the United Arab Emirates to rollover its debt for another year.

Fitch Ratings
Business
  • Web Desk
  • Jul 29, 2024
Fitch Ratings upgrades Pakistan’s credit rating to ‘CCC+’

Fitch Ratings has upgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) from ‘CCC’ to ‘CCC+’.

Pakistan budget Fitch
Latest Pakistan
  • Web Desk
  • Jun 18, 2024
Pakistan budget strengthens prospects for IMF deal: Fitch

Rating agency says the FY24 primary deficit is in line with the target, and the authorities have undertaken unpopular subsidy reforms over the past year, supporting fiscal credibility

Pakistan broad money supply
Business
  • Web Desk
  • Feb 21, 2024
Interbank closing: rupee gains 6.64 paisa

The Pakistani rupee witnessed a surge of 6.64 paisa against the US dollar (USD) during Wednesday’s interbank session, closing at PKR 279.5.

Pakistan Stock Exchange decline
Business
  • Web Desk
  • Feb 20, 2024
PSX ends day with modest 4.50 points gain

The benchmark KSE-100 index closed at 60,464, experiencing minimal changes after erasing an earlier gain of 1.3 per cent.

Fitch ratings Pakistan
Business
  • Web Desk
  • Feb 19, 2024
Fitch urges prompt action as Pakistan’s IMF SBA nears expiry

Fitch Ratings has warned that political uncertainty could complicate the country’s efforts to secure a new financing agreement with the IMF.

Latest

The federal government has decided to present the budget for the upcoming fiscal year on June 10 instead of June 5, citing the need for further consultations with coalition partners: File Photo
  • Web Desk
  • 54 Minutes ago
Budget proposals include property tax cuts, funds for industrial development projects
US President Donald Trump has confirmed he will attend the rescheduled White House Correspondents’ Association (WHCA) dinner on July 24, announcing the decision in a Truth Social post: File Photo
  • Web Desk
  • 10 Hours ago
Trump to attend rescheduled White House dinner on July 24
Iran is reportedly reviewing a proposed agreement with the United States aimed at halting the ongoing conflict, although Iranian media claims there has been no direct communication with Washington for several days: File Photo
  • Web Desk
  • 10 Hours ago
Iran studying limited deal to halt war as Trump says talks ongoing ‘continuously’
Citizens in Islamabad and Peshawar experienced a sudden change in weather as both cities received rainfall accompanied by strong winds and stormy conditions: File Photo
  • Web Desk
  • 10 Hours ago
Weather updates: Rain, storm hit Islamabad, Peshawar
Federal government has introduced revised business operating hours in the capital as part of an austerity-driven policy initiative: File Photo
  • Web Desk
  • 11 Hours ago
Islamabad announces new timings for businesses under austerity plan
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