Aurangzeb eyes Fitch’s BB rating

Finance Minister Senator Muhammad Aurangzeb and Governor of the State Bank of Pakistan met Fitch Ratings representatives in Bangkok, Thailand, according to Business Recorder. The meeting took place on the margins of the World Bank Group and IMF Annual Meetings 2026. Discussions centred on Fitch's assessment of what Pakistan must do to advance toward the BB rating category.

Aurangzeb pointed to Pakistan regaining access to global capital markets, along with tighter public finances and primary surpluses that have been maintained. He also reviewed inflation trends, monetary policy, exchange rate stability and a current account deficit kept under control. Reserve accumulation, fewer forward liabilities and stronger external buffers against economic shocks were covered as well.

The delegation stressed better debt sustainability, lower debt-servicing costs, longer borrowing maturities and bilateral rollover support from partners. It also committed to completing the IMF programme, carrying out structural reforms and pursuing growth led by exports.