Pakistan’s Economic Stability Gains Recognition from Fitch Ratings

Pakistan’s Economic Stability Gains Recognition from Fitch Ratings

Fitch Ratings has acknowledged Pakistan's progress in enhancing economic stability, emphasizing crucial reforms that are vital for future IMF reviews and ongoing financial assistance from external sources.

Significant strides have been made by Pakistan in managing inflation, reducing interest rates, and maintaining a positive balance in the current account. These measures have collectively strengthened the country's economic framework.

Moreover, Pakistan's foreign exchange reserves have exceeded expectations, reaching $18.3 billion by the end of 2024. However, challenges remain, particularly concerning upcoming debt repayments.
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