Islamabad: Global rating agency Fitch has upgraded Pakistan’s economic outlook to ‘stable’, citing several positive economic indicators. The agency’s latest assessment highlights fiscal consolidation, narrowing budget deficits, and the implementation of structural reforms as significant contributors to the country’s improved economic stability.
Fitch’s report also notes a downward debt trajectory and low inflation as key factors supporting the revised outlook. Additionally, a surge in remittances has played a crucial role in bolstering economic growth, according to the agency’s analysis.
These developments mark a positive shift in Pakistan’s economic landscape, with the country’s economic indicators suggesting a move towards greater stability. The upgrade reflects confidence in Pakistan’s ongoing efforts to implement reforms and manage fiscal challenges effectively.