WebNov 23, 2024 · Key View. Following the State Bank of Pakistan’s November 19 meeting in which it hiked interest rates by 150bps to 8.75%, we at Fitch Solutions now expect a further 225bps of interest rate increases to 11.0% by end-FY2024/22 (July-June), compared to our previous forecast of 8.25%. This comes on the back of a widening current account deficit ... WebJul 26, 2024 · Fitch Ratings downgraded the outlook on Pakistan’s credit rating to negative last week, while Moody’s also lowered its outlook in June. “The IMF loan is a high probability event,” said ...
Fitch, Moody’s Expect Pakistan to Get $1.2 Billion From IMF
WebFeb 15, 2024 · New York-based global ratings agency Fitch has warned that the ‘possibility of a default’ is real in Pakistan. If the country cannot repay commercial debt, its ability to import goods will be hit. This will … WebFeb 14, 2024 · Fitch said it expects Pakistan to successfully conclude the ninth review of the International Monetary Fund (IMF) programme, and the downgrade is a reflection of the large risks to continued ... how much snow did carson city get
Fitch downgrades Pakistan’s foreign currency issuer default rating …
WebOct 21, 2024 · Global ratings agency Fitch cut Pakistan’s sovereign credit rating on Friday by a notch to ‘CCC+’ from ‘B-’, citing further deterioration in the country’s external liquidity and funding... WebApr 8, 2024 · April 8, 2024. Pakistan’s economy is currently experiencing a downward spiral. Macro indicators of the economy’s health are deteriorating at an unprecedented rate, with declining exports being a significant contributing factor. Ironically, supply-side issues aggravated in part by import restrictions have played a role in this decline. WebSep 30, 2024 · Fitch Ratings revised down its forecasts for the Pakistani rupee on Thursday for both this year and next due to a variety of factors including an increased flow of US dollars into Afghanistan,... how do tides work - youtube