Fitch Ratings optimistic about Pakistan’s economic recovery in FY25

Fitch Ratings optimistic about Pakistan’s economic recovery in FY25

Fitch Ratings has outlined that Pakistan’s ability to continue progressing with structural reforms will be a decisive factor in shaping its credit outlook in the coming years. As the country aims to restore economic stability and bolster external financial reserves, the success of these reforms will be pivotal in maintaining access to multilateral and bilateral financing, particularly from the International Monetary Fund (IMF). Pakistan's recent…

Fitch Ratings Highlights Pakistan’s Economic Progress - Republic Policy

Editorial Fitch Ratings has cautiously acknowledged Pakistan’s progress in restoring economic stability, projecting a modest 3% growth for the 2024-25 fiscal year. While the country has made strides in rebuilding external buffers and stabilizing economic conditions, critical challenges remain. The global rating agency has emphasized that the true test for Pakistan’s credit profile lies in its ability to push forward with difficult structural ref…

Pakistan’s Economic Stability Grows, But External Financing Risks Persist: Fitch

Karachi (February 8, 2025): While Pakistan has made significant progress in stabilizing its economy and rebuilding external reserves, it still faces major external financing challenges, Fitch Ratings cautioned in a recent report. The global ratings agency acknowledged improvements in key economic indicators, with inflation slowing and foreign exchange reserves rising. The State Bank of Pakistan’s (SBP) decision to cut the policy rate to 12% on J…

Barrister Aqeel welcomes Fitch report country's economy

LAHORE: PML-N leader Barrister Aqeel Malik has welcomed the Fitch report depicting stabilization of country’s economy and reduction in interest rates. In a post on social media platform X, he said that this is the acknowledgement of tireless efforts of economic team under the leadership of Prime Minister Shehbaz Sharif. The post Barrister Aqeel welcomes Fitch report country’s economy appeared first on Abb Takk News.

Fitch Ratings: Pakistan’s Economy Shows Signs of Stability, Growth Expected to Reach 3%

Pakistan’s economy is showing signs of stability, with an international rating agency projecting a 3% growth in the current fiscal year 2024-25 (FY25). The country is making progress in rebuilding its external buffers, but its external financing needs will remain substantial in the coming year . The agency’s positive outlook on Pakistan’s economic growth is …

Pakistan Faces Big External Financing Risks: Fitch

Pakistan’s external financing needs will remain substantial in the coming year, despite progress in rebuilding its foreign exchange reserves, according to Fitch Ratings. The country faces a significant repayment obligation of over $22 billion in external debt in the fiscal year 2025, including nearly $13 billion in bilateral deposits. Securing External Financing Remains a Challenge Fitch noted that securing sufficient external financing remains …