Fitch Upgrades Pakistan’s Outlook as Stable

Islamabad: Global rating agency Fitch has upgraded Pakistan’s outlook as ‘stable’, with economic indicators showing a positive trajectory. In its latest rating, the agency included many key indicators to determine the country’s economic stability.

According to Radio Pakistan, Fitch mentioned fiscal consolidation, narrowing budget deficits, implementation of structural reforms, downward debt trajectory, low inflation, and a surge in remittances as major factors that contributed to economic growth. These elements have collectively played a role in enhancing Pakistan’s economic outlook, reflecting improvements in various sectors.