Fitch Ratings has reaffirmed Pakistan’s long-term debt rating at ‘B-’ and assigned a Recovery Rating of ‘RR4’. The move follows the removal of the country from Under Criteria Observation. Fitch said the action reflects its revised Sovereign Rating Criteria, effective September 2025. The RR4 recovery rating indicates an average recovery expectation in case of default, […]
Fitch Ratings
Aurangzeb Highlights Reform Momentum
ISLAMABAD – Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb continued his fifth day of engagements in Washington, D.C., where he is attending the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group. During his meeting with World Bank President Ajay Banga, Aurangzeb discussed Pakistan’s flood recovery efforts and appreciated […]
Pakistan’s economy to surge to 3.5% growth by 2027: Fitch
Fitch Ratings expects Pakistan’s real GDP growth to accelerate from 2.5% in 2024 to 3.5% by 2027. The agency noted the recovery follows a period of high inflation and economic turmoil. Inflation eased significantly, with CPI dropping to 4.1% in July 2025 from a peak of 38% in 2023. Fitch forecasts inflation will average around […]
Fitch ratings upgrade boosts Pakistan’s economic confidence
Fitch Ratings recently upgraded Pakistan’s credit rating from CCC+ to B-. Finance Minister Muhammad Aurangzeb called this upgrade a strong sign of confidence in the government’s economic reforms. He noted that it is the first rating change in three years, indicating a shift in the economic outlook towards stability. Aurangzeb explained that the upgrade highlights […]