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Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,252
2424hr
Pakistan Cases
1,263,664
89324hr
1.7% positivity
Sindh
465,175
Punjab
437,572
Balochistan
33,114
Islamabad
106,402
KPK
176,650

Fitch Ratings

USD-PKR parity—I

USD-PKR parity—I

Noted rating agency recently predicted that USD/ Rupee parity will reach around Rs 180 to USD 1 by next year. Their...
Published 07 Oct, 2021 04:25am
Fitch Ratings gets UAE regulator license
Business & Finance

Fitch Ratings gets UAE regulator license

  • The license, effective as of April 6, allows Fitch to provide credit ratings for "onshore" entities listed in SCA-controlled stock exchanges, including the Dubai Financial Market and Abu Dhabi Securities Exchange, Fitch said in a statement.
Published 14 Apr, 2021 05:52pm
Oil prices fall
Markets

Oil prices fall

LONDON: Oil prices fell on Friday, retreating further from 11-month highs hit last week, weighed down by worries ...
Published 23 Jan, 2021 03:56am
Fitch downgrades Sri Lanka on rising default risk
Markets

Fitch downgrades Sri Lanka on rising default risk

  • Sri Lanka relies on tourism and garment exports for foreign exchange reserves. It's been hit hard by the pandemic.
  • We think there are now increasing risks to Sri Lanka's ability to meet its external debt repayments.
Published 28 Nov, 2020 12:25am
Fitch sees growing risk as Turkish lira hits new low
Markets

Fitch sees growing risk as Turkish lira hits new low

  • Double-digit inflation and depleted FX reserves "would significantly increase the chances" of a formal interest rate hike by year end.
  • The lira slid as much as 1.7% to a record low of 8.56 versus the dollar, despite the greenback's weakness as votes were still being counted in Tuesday's tight US election.
Published 06 Nov, 2020 05:50pm
Fitch affirms Russia at 'BBB', outlook stable
Business & Finance

Fitch affirms Russia at 'BBB', outlook stable

  • We forecast Russia to contract by 5.2% in 2020 due to the impact of the COVID-19 pandemic and containment measures on domestic demand and exports.
  • Russia is rated investment grade by the three big international rating agencies, including S&P Global Ratings and Moody's.
Published 08 Aug, 2020 02:27am