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Fitch upgrades Pakistan’s credit rating
Gulf Today
|April 16, 2025
Global ratings agency Fitch on Tuesday upgraded Pakistan's foreign currency credit rating to 'B-' from 'CCC+', citing increased confidence in the country's progress on narrowing its budget deficits.
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The upgrade also reflects confidence that the country would implement structural reforms, supporting its International Monetary Fund (IMF) programme performance and funding availability, Fitch said.
The agency said though ongoing global trade tensions could create external pressures on Pakistan, its low dependence on exports and market financing should mitigate risks.
This story is from the April 16, 2025 edition of Gulf Today.
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