Fitch Ratings has reaffirmed Pakistan’s long-term foreign currency rating at ‘B-’ with a stable outlook, pointing to progress in fiscal discipline and economic stability.
The agency said Pakistan’s performance remains broadly aligned with its programme with the International Monetary Fund, which continues to support funding and policy direction. It noted that foreign exchange reserves have improved over the past year, providing some cushion against external shocks.
Fitch also highlighted Pakistan’s diplomatic role in easing regional tensions as a positive factor that could help offset some economic pressures.