Fitch Ratings has reaffirmed Pakistan’s long-term foreign currency issuer default rating at B- with a stable outlook, signaling cautious confidence in the country’s recent economic management. The rating reflects progress in fiscal consolidation and continued alignment with the International Monetary Fund programme, which has helped stabilise Pakistan’s financial outlook. According to the assessment, these measures…
The government has decided to secure a $1 billion budget support loan from the Asian Development Bank to strengthen policies aimed at tackling climate-related disasters, while deferring a separate $40 million project backed by the World Bank due to concerns over high costs. The decision was taken during a meeting of the Central Development Working…
Pakistan is set to receive approximately $1.2 billion from the International Monetary Fund (IMF) as the country continues to show progress in implementing key economic reforms. The disbursement includes $1 billion under the Extended Fund Facility (EFF) and an additional $210 million through the Resilience and Sustainability Facility (RSF), pending final approval from the IMF…
