Karachi: Global credit rating agency Fitch Ratings has upgraded Pakistan’s credit rating.
According to *Express News*, Pakistan’s Long-Term Foreign Currency Issuer Default Rating (IDR) has been improved from B- to CCC+, signaling a positive shift in the country’s economic outlook.
Fitch has also declared Pakistan’s long-term foreign currency rating outlook as **stable**.
Prime Minister Welcomes the Upgrade
Prime Minister Shehbaz Sharif welcomed the improvement in Pakistan’s economic rating by Fitch.
He called the move a highly positive development, stating that Fitch’s acknowledgment of Pakistan’s economic stability reflects the growing confidence of international institutions in the country’s economy.
The Prime Minister added that the Government of Pakistan is working tirelessly to further improve the national economy.
