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S&P Raises Pakistan's Sovereign Rating to 'B'
The agency said IMF-backed reforms, stronger reserves and better fiscal performance helped lift Pakistan’s creditworthiness to a stable B rating.
- On Wednesday, Standard & Poor's Global upgraded Pakistan's Long-Term Instruments Credit Rating to 'B' from 'B-', marking the country's highest rating in eight years.
- The upgrade reflects the passage of the International Monetary Fund's $7 billion Extended Fund Facility program in September 2024, which S&P stated "quickened fiscal consolidation and rebuilt external buffers."
- Foreign reserves climbed to $25.3bn by the end of last month, sufficient to cover external principal payments of $16.4bn over the next 12 months, bolstered by timely IMF disbursements.
- AKD Securities director Awais Ashraf noted the government's "robust tax revenue growth and prudent expenditure management," though he argued the KSE-100 index valuation does not fully reflect the strengthening outlook.
- S&P cautioned that exposure to global energy price shocks remains a key risk, though the agency anticipates "sustained official financing will support Pakistan in meeting its external obligations" over the next 12 months.
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PM hails S & P reviewed ratings for Pakistan
ISLAMABAD - Prime Minister Shehbaz Sharif on Wednesday hailed S&P Global Ratings’ decision to upgrade Pakistan’s sovereign credit rating from ‘B-’ to ‘B’, calling it a major endorsement of the government’s economic reforms and a significant boost to investor confidence at a time.
·Lahore, Pakistan
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S&P lifts Pakistan's credit rating to 'B' on institutional stability ...
·London, United Kingdom
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S&P Global raises Pakistan’s credit rating to ‘B’ over IMF reforms
ISLAMABAD: International ratings agency S&P Global improved Pakistan’s credit rating from ‘B-’ to ‘B’ on Wednesday, citing strengthening institutional capacity based on the government’s successful implementation of economic reforms recommended by the International Monetary Fund (IMF). Pakistan entered into a $7 billion loan program with the IMF in September 2024 and has since
·Riyadh, Saudi Arabia
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Total News Sources17
Leaning Left1Leaning Right6Center4Last UpdatedBias Distribution55% Right
Bias Distribution
- 55% of the sources lean Right
55% Right
C 36%
R 55%
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