The Pakistan credit rating B- Fitch assessment has been reaffirmed by Fitch Ratings, which maintained Pakistan’s long-term foreign currency issuer default rating at “B-” with a stable outlook.
The global rating agency said the decision reflects Pakistan’s progress in fiscal consolidation and macroeconomic stabilization efforts, largely supported by its ongoing International Monetary Fund (IMF) programme.
The Pakistan credit rating B- Fitch report highlighted that improved foreign exchange buffers have helped cushion external shocks, including geopolitical tensions and energy market volatility linked to the Middle East.
Fitch noted that Pakistan’s role in facilitating ceasefire-related diplomacy may provide some external support, although risks from global energy price fluctuations remain significant.
The agency also pointed out that Pakistan remains highly exposed to oil price shocks due to heavy reliance on imports from the Gulf and limited energy storage capacity.
The Pakistan credit rating B- Fitch outlook further emphasized expectations of moderate economic growth, controlled inflation, and gradual improvement in fiscal indicators supported by IMF-backed reforms.
However, Fitch warned that high debt levels, external financing needs, and energy-related vulnerabilities continue to constrain long-term stability despite short-term improvements.
