Pakistan Making Steady Progress in Restoring Economic Stability: Fitch

Fitch Ratings has recognized Pakistan’s steady improvement in economic stability, highlighting key reforms as essential for future IMF reviews and continued financial support from external sources.

Pakistan has made significant progress in controlling inflation, lowering interest rates, and maintaining a positive balance in its current account.

These efforts have helped strengthen the country’s economy. Additionally, Pakistan’s foreign exchange reserves have surpassed expectations, reaching $18.3 billion by the end of 2024. However, the country still faces challenges, particularly with upcoming debt repayments.