Fitch downgrades Pakistan’s economic outlook to ‘negative’
NEW YORK: Renowned credit rating agency Fitch Ratings has revised Pakistan’s outlook from “stable” to “negative” after the worsening liquidity and economic situation in the country. In a statement, Fitch said the revised outlook reflects a significant deterioration in Pakistan’s external liquidity position and financing conditions since early 2022. It affirmed Long-Term Foreign-Currency (LTFC) Issuer … Read more