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Fitch Ratings

Fitch downgrades Afreximbank to one notch above ‘junk’

LONDON: Fitch downgraded Afreximbank’s credit rating to one notch above junk on Wednesday, with a negative outlook,...

Published 04 Jun, 2025 02:45pm

Fitch upgrades Pakistan’s rating: macroeconomic stabilisation acknowledged

Monthly Economic Update released by Finance Division says fiscal indicators demonstrate enhanced management discipline

Updated 30 May, 2025 10:49am

Business & Finance

Fitch forecasts Pakistan rupee at 285 against US dollar by June, 295 by FY26 end

Credit rating agency projects Pakistan to gradually devalue its currency to avert likely pressure on current account

Updated 22 Apr, 2025 11:00pm

Opinion

On the path of stabilization

Pakistan’s economy, long buffeted by structural flaws, cyclical shocks and political instability, is presently...

Published 18 Apr, 2025 06:50am

Editorials

Rating upgrade by Fitch

EDITORIAL: Fitch has upgraded Pakistan’s long-term foreign currency issuer default rating from CCC+ to B- which is...

Published 17 Apr, 2025 06:08am

Opinion

Rating upgrade by Fitch

It’s indeed a matter of great satisfaction that global rating agency Fitch has upgraded county’s foreign credit...

Published 16 Apr, 2025 06:24am

Business & Finance

Fitch’s upgrade to boost economic agenda: Aurangzeb

ISLAMABAD: Fitch Ratings’ upgrading of Pakistan’s rating from “CCC+” to “B-” is a strong expression of confidence in...

Published 16 Apr, 2025 05:55am

Fitch upgrades Pakistan’s forex IDR to ‘B-’

ISLAMABAD: Fitch Ratings has upgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to “B-” from...

Updated 16 Apr, 2025 09:23am

Business & Finance

European rating agency Scope sends US downgrade warning

LONDON: European credit ratings agency Scope has warned that the United States could be downgraded if a lengthy...

Published 15 Apr, 2025 07:19pm

Pakistan

Fitch Ratings upgrade ‘strong’ endorsement of govt policies: Aurangzeb

Finance Minister Muhammad Aurangzeb on Tuesday said Fitch Ratings’ decision to upgrade Pakistan’s rating from CCC+...

Updated 15 Apr, 2025 05:43pm

Pakistan

Fitch upgrades Pakistan rating to ‘B-’

Upgrade reflects increased confidence that Pakistan will sustain its recent progress

Updated 15 Apr, 2025 09:29pm

Editorials

Assessment of economy by Fitch

EDITORIAL: In its latest report, Fitch, one of the three major international rating agencies, has maintained that...

Updated 11 Feb, 2025 07:11am

Business & Finance

IMF funding rests on reforms progress: Fitch

ISLAMABAD: Progress on difficult structural reforms will be the key to upcoming International Monetary Fund (IMF)...

Published 08 Feb, 2025 06:30am

Pakistan

Pakistan’s economic stability improves, but IMF & structural reforms crucial: Fitch

Securing sufficient external financing remains a challenge, rating agency says

Updated 07 Feb, 2025 09:55pm

Business & Finance

Fitch upgrades Wapda’s IDR to ‘CCC+’

ISLAMABAD: Fitch Ratings has upgraded Water and Power Development Authority (Wapda)’s Long-Term Foreign Currency...

Updated 07 Aug, 2024 09:14am

Pakistan

Cannot defer reform agenda anymore, says Aurangzeb

Finance minister says state-owned insurance companies should also be handed over to private sector

Updated 01 Aug, 2024 09:34pm

Pakistan

Fitch upgrades Pakistan rating to ‘CCC+’

Upgrade reflects greater certainty over continued availability of external funding, says credit rating agency

Updated 29 Jul, 2024 07:43pm

Despite Rs2.5tr expected surplus profit from SBP: ‘Fiscal space’ continues to elude Pakistan

KARACHI: Despite the government estimating a surplus profit from the State Bank of Pakistan (SBP) at a record Rs2.5...

Updated 25 Jul, 2024 11:38pm

Business & Finance

India must strengthen manufacturing to create jobs, Fitch analyst says

MUMBAI: India needs to strengthen its manufacturing sector to create jobs in the economy and facilitate its...

Published 24 Jul, 2024 06:56am

Business & Finance

Fitch Ratings told: Over 0.15m retailers registered as new taxpayers: Aurangzeb

ISLAMABAD: Finance Minister Muhammad Aurangzeb on Monday said more than 150,000 retailers have been registered as...

Published 23 Jul, 2024 06:34am

Markets

Banking sector leads the way as KSE-100 gains nearly 2,100 points to settle at record high

Benchmark index closes at 78,802 after 2.73% gain on Thursday, has been on winning run since budget announcement

Updated 20 Jun, 2024 08:57pm

Business & Finance

Budget strengthens IMF programme prospects: Fitch

ISLAMABAD: Pakistan’s ambitious fiscal year 2025 budget strengthens prospects for an International Monetary Fund...

Published 20 Jun, 2024 06:01am

Pakistan

Fitch Ratings says Pakistan’s ‘ambitious’ budget strengthens IMF deal prospects

Believes tight policy settings may depress growth more than the government expects, reduces growth forecast to 3% for FY25

Updated 19 Jun, 2024 10:06pm

Business & Finance

Fitch Ratings raises India’s 2024/25 GDP forecast to 7.2%

MUMBAI: India is expected to grow by 7.2% in the current fiscal year, stronger than earlier expected, with its...

Published 18 Jun, 2024 10:57am

Markets

Election outcome in Pakistan ‘may complicate’ new IMF deal: Fitch

Pakistan’s vulnerable external position means securing financing from multilateral and bilateral partners will be 'one of the most urgent issues on the agenda for the next government'

Updated 19 Feb, 2024 10:25pm

Markets

UAE markets track oil price lower

DUBAI: Stock exchanges in the United Arab Emirates declined on Friday, tracking oil prices on the prospect that oil...

Published 27 Jan, 2024 06:20am

Business & Finance

Fitch maintains foreign currency IDR rating at CCC

ISLAMABAD: Fitch rating agency maintained Pakistan’s long-term foreign-currency issuer default rating (IDR) at...

Published 14 Dec, 2023 05:24am

Pakistan

‘High external funding risks’: Fitch maintains Pakistan’s rating at CCC

Notes there are risks pertaining to policy implementation as parties across the political spectrum have extensive record of failing to implement or reversing reforms agreed with the IMF

Updated 13 Dec, 2023 05:56pm

Business & Finance

Fitch upgrades Oman to BB+ on improved public finances

DUBAI: Fitch Ratings upgraded Oman’s credit rating to BB+ on Monday from BB, on the back of a decline in the Gulf...

Published 25 Sep, 2023 08:06pm

Markets

US credit downgrade ‘entirely unwarranted’: Yellen

MCLEAN: A US credit downgrade by Fitch was “entirely unwarranted,” Treasury Secretary Janet Yellen said Wednesday,...

Updated 03 Aug, 2023 02:47pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 20	283.77
USD PKR Interbank Buying / Jun 20	283.52
USD to Japanese Yen / Jun 20	146.09
USD to Swiss Franc / Jun 20	0.82
Pound Sterling to USD / Jun 20	1.35
Euro to USD / Jun 20	1.15
UK LIBOR % / Jun 20	4.96

Stock	Volume
S&P 500 / Jun 20	5,967.84
India Sensex / Jun 20	82,408.17
Tokyo Nikkei / Jun 20	38,403.23
Nasdaq / Jun 20	19,447.41
Hang Seng / Jun 20	23,530.48
FTSE 100 / Jun 20	8,774.65
Dow Jones / Jun 20	42,206.82
Germany DAX 30 / Jun 20	23,350.55
France CAC40 / Jun 20	7,589.66

Item	Value
Crude Oil USD/Barrel / Jun 20	74.93
Karachi Cotton PKR/37.32 KG / Jun 20	16,785
Gold 10 Grams PKR / Jun 20	306,069
Gold Spot USD/Ounce / Jun 20	3,368.39
Cotton US¢/pound / Jun 20	66.70
Petrol/Litre / Jun 21	258.43
Diesel/Litre / Jun 21	262.59

Gainers
Losers
Leaders

Stock	Price
The Thal Ind.Corp. / Jun 20 The Thal Industries Corporation Limited(TICL)	356 ▲ 40.99 (13.01%)
Faisal Sp. / Jun 20 Faisal Spinning Mills Limited(FASM)	313.91 ▲ 33.82 (12.07%)
First Elite Cap.Mod / Jun 20 First Elite Capital Modaraba(FECM)	33.53 ▲ 3.42 (11.36%)
Burj Clean Energy Modaraba / Jun 20 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.90 ▲ 1 (11.24%)
Crescent Fib. / Jun 20 Crescent Fibres Limited(CFL)	50.25 ▲ 5 (11.05%)
Hala Enterprise / Jun 20 Hala Enterprises Limited(HAEL)	25.43 ▲ 2.33 (10.09%)
Shams Textile / Jun 20 Shams Textile Mills Limited(STML)	31.52 ▲ 2.87 (10.02%)
Rupali polyester / Jun 20 Rupali Polyester Limited(RUPL)	24.61 ▲ 2.24 (10.01%)
Leather Up Ltd. / Jun 20 Leather Up Limited(LEUL)	39 ▲ 3.55 (10.01%)
Macter Int. Ltd / Jun 20 Macter International Limited(MACTER)	621.82 ▲ 56.53 (10%)

Stock	Price
Mahanna Islamic Index / Jun 20 Mahanna Islamic Index Traded Fund(MIIETF)	12.92 ▼ -2.14 (-14.21%)
Sindh Abadgar / Jun 20 Sindh Abadgar's Sugar Mills Limited(SASML)	61.07 ▼ -7.82 (-11.35%)
Nets Internat.Comm. / Jun 20 Nets International Communication Limited(GEMNETS)	41 ▼ -4.9 (-10.68%)
Shadman Cotton / Jun 20 Shadman Cotton Mills Limited(SHCM)	50.28 ▼ -5.59 (-10.01%)
PIA Holding Co.B / Jun 20 PIA Holding Company Limited B(PIAHCLB)	11,153.83 ▼ -1239.27 (-10%)
Pakgen Power / Jun 20 Pakgen Power Limited(PKGP)	173.06 ▼ -19.23 (-10%)
Sardar Chemical / Jun 20 Sardar Chemical Industries Limited(SARC)	56.21 ▼ -6.24 (-9.99%)
Int. Knit. / Jun 20 International Knitwear Limited(INKL)	20.18 ▼ -2.23 (-9.95%)
Ist.Capital Sec / Jun 20 First Capital Securities Corporation(FCSC)	2.49 ▼ -0.27 (-9.78%)
Calcorp Ltd / Jun 20 Calcorp Limited(CASH)	40.61 ▼ -4.39 (-9.76%)

Stock	Volume
WorldCall Telecom / Jun 20 Worldcall Telecom Limited(WTL)	42,791,268 ▼ -0.04
TRG Pak Ltd / Jun 20 TRG Pakistan Limited(TRG)	26,664,589 ▼ -4.92
Pervez Ahmed Consultancy / Jun 20 Pervez Ahmed Consultancy Services Ltd.(PASL)	25,526,681 ▼ -0.26
Yousuf Weaving / Jun 20 Yousaf Weaving Mills Limited(YOUW)	24,497,580 ▲ 0.29
K-Electric Ltd. / Jun 20 K-Electric Limited(KEL)	14,445,689 ▲ 0.08
Sui South Gas / Jun 20 Sui Southern Gas Company Limited(SSGC)	13,554,568 ▼ -0.06
Ist.Capital Sec / Jun 20 First Capital Securities Corporation(FCSC)	9,805,036 ▼ -0.27
Dewan Cement / Jun 20 Dewan Cement Limited(DCL)	9,257,161 ▼ -0.86
Invest Bank / Jun 20 Invest Capital Investment Bank Limited(ICIBL)	8,867,595 ▼ -0.26
Pak Refinery / Jun 20 Pakistan Refinery Limited(PRL)	8,518,206 ▲ 0.01

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