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Washington DC: Finance Minister Muhammad Aurangzeb met with Fitch Ratings representatives to discuss Pakistan’s recent economic progress following the agency’s decision to upgrade the country’s credit rating from CCC to CCC+. The minister highlighted the government’s financial strategies, which include revenue mobilization, expenditure control, and a targeted energy sector tariff reduction, aimed at stabilizing Pakistan’s economy and enhancing investor confidence.
According to Press Information Department, Aurangzeb expressed satisfaction with the government’s ability to meet its external debt obligations for the current year, crediting the nation’s reserve management. The meeting also covered the accelerated privatization efforts designed to streamline economic performance and stimulate further growth, with the minister sharing optimism for sustained fiscal improvements under ongoing reforms.
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