*US credit rating agency, Fitch Solutions has warned that the second wave of COVID-19 will deteriorate refining, fuel demand growth outlooks for Pakistan.* Fitch Solutions in its latest report said that a sharp resurgence in new daily Covid-19 infections in Pakistan has put the brakes on ...

ISLAMABAD- Advisor to Prime Minister on Finance and Revenue Hafeez Shaikh has said that maintaining the country’s sovereign rating by Fitch Ratings is a testament to the government’s balanced and effective financial management to protect livelihoods of citizens while also preventing ...

ISLAMABAD- American credit rating agency Fitch Ratings has maintained Pakistan's sovereign rating at "B-" with a "Stable Outlook." In a tweet, the Ministry of Finance said, this further confirms Moody's assessment published earlier this month. Finance Ministry's tweet further said once again, this ...

ISLAMABAD - International credit rating agency Fitch has affirmed Pakistan's sovereign credit rating at B- with a Stable Outlook. In a press release issued on Monday, the agency took note of the improved external resilience due to the policy actions taken by the government. Going forward, Fitch ...

ISLAMABAD - *Fitch Ratings unveil Pakistan’s longterm foreign currency default ratings.* Fitch Ratings, the American credit rating agency has affirmed Pakistan's Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B-‘ with a Stable Outlook. The ‘B-‘ rating reflects a ...

ISLAMABAD - Fitch Solutions has further downgraded Pakistan economic growth for the Fiscal Year 2019. Fitch Solutions, a US-based global research house, has revised down Pakistan’s economic growth to 2.7pc for the next fiscal year 2019-20 from a previously quoted estimate of 4pc, a private ...

ISLAMABAD - Fitch Solutions, a US-based global research house predicts stability in Pakistan economy following tough economic decisions. Fitch solutions expects stability to return in Pakistan’s economy after the government made two tough decisions in the past week. The research arm of Fitch ...

ISLAMABAD – Fitch Solutions Macro Research, a unit of Fitch Group but an independent research house, has maintained their forecast for Pakistan’s real GDP growth to slow down to 4.4% in FY2018/19 (July-June), down from 5.4% in the previous fiscal year, due to growing domestic and ...

ISLAMABAD - Fitch Solutions, in its latest report, has said that the rapid pace of credit growth in the banking sector is expected to slow down in coming months as the effect of central bank’s tightening control in 2018 begins to trickle in. The research agency has projected loan growth at 13% ...

LAHORE - Pakistan’s external account woes will continue to worsen despite the steep decline in oil prices, the Fitch Rating research agency has said. The export will likely come under pressure due to a global trade slowdown and it believes a major non-oil import contraction is looking ...