On April 15, 2025, Fitch Ratings upgraded Pakistan’s long-term foreign currency credit rating from ‘CCC+’ to ‘B-’, signaling increased confidence in the country’s economic trajectory. This upgrade reflects Pakistan’s progress in narrowing budget deficits and implementing structural reforms, bolstering its performance under the International Monetary Fund (IMF) program and enhancing funding availability.
Prime Minister Shehbaz Sharif welcomed the upgrade, describing it as a testament to economic progress and international confidence in Pakistan’s economy. Finance Minister Muhammad Aurangzeb echoed this sentiment, highlighting that the improved rating would attract more investment, boost trade, create employment opportunities, and support industrial development. He also noted that foreign remittances reached