Urgent.News

What's breaking now, across thousands of outlets.

Business

Pakistan seeks Fitch's assessment for BB sovereign rating

Pakistan has sought Fitch Ratings’ assessment of the requirements for progressing towards the BB sovereign rating category. The development came during a meeting between Finance Minister Muhammad Aurangzeb and the Governor of the State Bank of Pakistan (SBP) with Fitch Ratings on the sidelines of the World Bank Group–IMF Annual Meetings 2026 in Bangkok, Thailand, to discuss Pakistan’s economic…

Pakistan seeks Fitch's assessment for BB sovereign rating

Pakistan has sought Fitch Ratings' assessment of the requirements for advancing towards the BB sovereign rating category, as discussed during a meeting with Fitch Ratings at the World Bank Group–IMF Annual Meetings 2026. Finance Minister Muhammad Aurangzeb highlighted restored international capital market access, fiscal consolidation, sustained primary surpluses, and other economic indicators during the discussion.

The delegation also emphasized improving debt sustainability, reduced servicing costs, longer borrowing maturities, and bilateral rollover assurances.

Brief written by urgent.news from Business Recorder's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

Read the original at brecorder.com →

More in Business

Tenzing (Apple TV)

Based on true events, this adventure drama tells the story of Tenzing Norgay (Genden Phuntsok), the Himalayan mountaineer who, alongside New Zealand’s Sir Edmund Hillary (Tom Hiddleston), became the…

More from Friday 16 October →