Pakistan seeks Fitch's assessment on requirements for BB sovereign credit rating

Profit reported that Senator Muhammad Aurangzeb asked Fitch Ratings to outline what Pakistan needs to do to reach the BB sovereign rating band. The meeting took place in Bangkok on the sidelines of the World Bank Group and IMF Annual Meetings 2026, with the State Bank of Pakistan Governor in attendance. Economic performance and the sovereign credit outlook formed the core of the discussion.

On the economic side, the finance minister pointed to Pakistan's regained access to global capital markets, fiscal consolidation and continuing primary surpluses. He also described inflation patterns, monetary policy, exchange rate stability and a contained current account gap. Reserve build-up, lower forward liabilities and stronger external cushions against shocks were also raised.

The Pakistani team also argued that debt sustainability is improving, debt servicing costs are falling and borrowing maturities are getting longer, alongside bilateral rollover assurances. It reaffirmed the country's commitment to completing the IMF programme, carrying out structural reforms and pursuing export-led growth. Aurangzeb further raised trade and investment engagement with the United States.