Islamabad, April 26 -- Pakistan's Finance Minister Muhammed Aurangzeb met with the US' global credit rating agency Fitch on the sidelines of the IMF summit in Washington, to discuss Islamabad's credit rating. The agency upgraded the country's rating slightly, showcasing some recovery in Pakistan's crumbling economy.
According to The Express Tribune, the Pak FM expressed gratitude to Fitch Ratings for upgrading Pakistan's sovereign credit rating from CCC+ to B-, describing it as a reflection of the country's improving macroeconomic outlook and fiscal discipline. He explained that this positive revision would pave the way for Pakistan's return to international financial markets.
During their meeting, Aurangzeb also updated the agency on the...