Pakistan, May 30 -- ISLAMABAD - In a significant boost to investor confidence, Fitch Ratings has upgraded Pakistan's sovereign credit rating to 'B-', citing improving fiscal discipline, external account surpluses, and sharply declining inflation. The news was shared in the Finance Division's Monthly Economic Update released on Thursday.
The government's tighter fiscal management helped narrow the deficit during the first nine months of FY2025. Total revenue rose by 36.7% year-on-year to Rs13.37 trillion, driven by a 68% surge in non-tax income from petroleum levies, SBP profits, and dividends. A strong performance by the FBR and improved remittances contributed to a primary surplus and a $1.9 billion current account surplus.
Inflation h...
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