Bloodbath: KSE-100 closes with 978-point fall as Fitch's downgrade dents sentiment Index finishes below 40,400 level amid political uncertainty Updated 19 Jul, 2022 05:29pm
Markets Hammered by US dollar, rupee closes at record low of 221.99 Falls Rs6.79 or 3.06% in inter-bank market on Tuesday Updated 19 Jul, 2022 05:51pm
Pakistan Fitch downgrades Pakistan’s outlook to negative, sees 'considerable risks' to IMF programme Renewed political volatility could undermine authorities' fiscal and external adjustment, it says Updated 19 Jul, 2022 03:34pm
Business & Finance Fitch raises India outlook to 'stable', maintains rating Fitch Ratings raised its outlook for India's long-term foreign currency Issuer Default Rating (IDR) to "stable" from... Published 10 Jun, 2022 12:22pm
Business & Finance Islamic finance industry likely to continue growing, says Fitch ISLAMABAD: The Islamic finance industry in Pakistan is expected to continue its growth trajectory over the medium... Published 09 Jun, 2022 06:18am
Business & Finance Fitch sees Islamic banking getting major boost in Pakistan Says if Federal Shariat Court orders are implemented effectively, the Islamic finance industry could receive a big boost in the medium term Updated 08 Jun, 2022 05:32pm
Print Govt change peaceful, but raises near-term policy uncertainty: Fitch ISLAMABAD: The recent government change in Pakistan has been peaceful, but raises near-term policy uncertainty even... Updated 13 Apr, 2022 10:51am
Markets Fitch says Pakistan’s political volatility adds to external financing risk Forecasts current account deficit at around 5% of GDP (around $18.5 billion) in FY22 Updated 12 Apr, 2022 05:24pm
Business & Finance Russia seeks to halt investor stampede as sanctions hammer economy LONDON: Russia said on Tuesday it was placing temporary curbs on foreigners seeking to exit Russian assets, putting... Published 02 Mar, 2022 04:35am
Markets Fitch rates Saudi Arabia's PIF 'A', in line with sovereign DUBAI: Fitch Ratings on Wednesday assigned Saudi Arabia's Public Investment Fund (PIF) an 'A' credit rating in line... Published 02 Feb, 2022 08:01pm
World Fitch upgrades Ireland to ‘AA-’ WASHINGTON: Ratings agency Fitch upgraded Ireland’s debt rating on Friday to “AA-” from “A+,” citing its... Published 30 Jan, 2022 04:04am
Print Proposed USD Sukuk certificates: Fitch, Moody’s assign ‘B-’, ‘B3’ ratings, respectively ISLAMABAD: Fitch Ratings has assigned Pakistan’s proposed US-dollar sovereign global Sukuk certificates, to be... Updated 19 Jan, 2022 09:31am
Markets Fitch downgrades Sri Lanka to 'CC' on higher debt default risk COLOMBO: Fitch Ratings on Saturday downgraded Sri Lanka's sovereign rating to 'CC' from 'CCC', citing a growing risk... Published 18 Dec, 2021 04:17pm
Business & Finance Two Chinese property firms default on $1.6bn in bonds: Fitch BEIJING: Two major Chinese property firms have defaulted on $1.6 billion worth of bonds to overseas creditors, Fitch... Published 10 Dec, 2021 04:29am
Print Fitch foresees further hike in interest rate ISLAMABAD: The Fitch Ratings agency has anticipated further interest-rate hike for Pakistan. The ratings agency in... Updated 09 Dec, 2021 09:49am
Markets Ratings upgrade gives Italian bonds a lift LONDON: Italy's 10-year bond yield fell to a two-week low on Monday, pushed down by a ratings upgrade from Fitch.... Published 06 Dec, 2021 12:59pm
Print Sovereign’s “B-”: Sustained reforms could create positive rating momentum: Fitch ISLAMABAD: Continued adherence to the International Monetary Fund (IMF) Extended Fund Facility (EFF) reform agenda... Published 25 Nov, 2021 03:35am
Markets Pakistan’s recent policy measures to curtail rising external risks: Fitch Says Pakistan’s current-account deficit in the ongoing fiscal year is set to be wider than previous forecast of 2.2% of GDP Published 24 Nov, 2021 07:40pm
Business & Finance Qatar slides as banks weigh, Egypt gains ahead of c bank meet DUBAI: Qatari stocks dropped sharply on Tuesday, dragged down by the financial sector after Fitch indicated a... Published 27 Oct, 2021 04:50am
Opinion 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
Print Fitch Ratings revises PKR forecasts downwards ISLAMABAD: Fitch Ratings has revised downward its forecasts for the Pakistani rupee, ie, from Rs165 to Rs180 for ... Published 01 Oct, 2021 03:11am
Markets Fitch expects Pakistani rupee to weaken further in 2022 ISLAMABAD: Fitch Ratings revised down its forecasts for the Pakistani rupee on Thursday for both this year and next... Updated 30 Sep, 2021 01:47pm
Business & Finance Fitch upgrades Taiwan for outperforming peers during COVID-19 pandemic Rating agency Fitch Ratings upgraded Taiwan to 'AA' from 'AA-' with a stable outlook, saying the economy had... Published 10 Sep, 2021 10:48am
Print Pakistan's reserves likely to increase by $2.8bn ISLAMABAD: The Board of Governors of the International Monetary Fund (IMF) has approved a general allocation of... Updated 04 Aug, 2021 09:55am
Business & Finance IMF's new SDR allocation could bolster Pakistan's forex reserves by $2.8 billion: Fitch IMF's board of governors expected to approve allocation in August Published 28 Jun, 2021 02:30pm
Markets Sri Lankan shares end higher as financials gain The CSE All-Share Index closed up 0.74% at 7,715.46. Trading volume on Friday fell to 73.9 million from 165.9 million in the previous session. Published 18 Jun, 2021 06:36pm
Print Fitch assigns ‘B-’ rating to Wapda’s proposed USD notes ISLAMABAD: Fitch Ratings has assigned Pakistan Water and Power Development Authority’s (WAPDA, B-/Stable) proposed... Published 26 May, 2021 03:45am
Business & Finance Fitch Ratings assigns WAPDA’s USD Notes 'B-' rating “The proceeds of the proposed notes will be used to finance or refinance eligible green projects,” said Fitch. Published 25 May, 2021 10:53am
Print Fitch seeks viewpoint on China’s future role in bilateral financing ISLAMABAD: Fitch Ratings- Hong Kong, an international sovereign rating agency, which is conducting Pakistan’s... Published 07 May, 2021 04:35am
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