Moody’s, Fitch see lingering risks despite Pakistan-IMF deal: report Pakistan is staring at $25bn debt repayment in fiscal year 2023-24, and a widening current account deficit could pose problems Published 03 Jul, 2023 08:16pm
World Fitch raises India FY24 GDP forecast to 6.3% on strong growth momentum MUMBAI: Fitch Ratings raised its growth forecast for the Indian economy to 6.3% for the current fiscal year, from 6%... Published 22 Jun, 2023 01:40pm
Opinion IMF’s intransigence The government would have us believe that there needs to be a cut-off point beyond which the IMF (International... Published 07 Jun, 2023 06:05am
Business & Finance Fitch holds US rating on negative watch despite debt deal WASHINGTON: Ratings agency Fitch said Friday that it is keeping the United States’ “AAA” credit rating on... Published 03 Jun, 2023 03:52am
Business & Finance May-June period: Country faces $3.7bn debt repayments: Fitch WASHINGTON: As the government struggles to secure a bailout from the International Monetary Fund (IMF), Fitch ... Published 06 May, 2023 06:23am
World France vows economic reforms to continue after debt downgrade STOCKHOLM: France will go ahead with structural reforms to overhaul its economy after credit ratings agency Fitch... Published 29 Apr, 2023 02:00pm
Pakistan Pakistan’s current account deficit shrinks 90% YoY to $0.24bn in January: SBP Deficit during 7MFY23 reduces over 67%, clocks in at nearly $3.8bn Updated 20 Feb, 2023 07:10pm
Opinion Better late than never, or just too late? Too bad Finance Minister Ishaq Dar didn’t get to give Moody’s a “befitting reply” for downgrading... Published 16 Feb, 2023 06:08am
Print Fitch further downgrades long-term foreign currency IDR to ‘CCC-’ ISLAMABAD: Fitch Ratings has downgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to “CCC-”,... Updated 15 Feb, 2023 09:04am
Pakistan Fitch Ratings downgrades Pakistan’s foreign-currency IDR to ‘CCC-’ Says default or debt restructuring is an increasingly real possibility Updated 14 Feb, 2023 07:39pm
Markets Rupee sustains losses, settles at 268.83 against US dollar Depreciates 0.35% in inter-bank market on Wednesday Updated 01 Feb, 2023 06:35pm
Print Fitch says PKR to further weaken ISLAMABAD: The Pakistani rupee is expected to weaken further, particularly with the country’s balance of payments... Updated 01 Feb, 2023 11:30am
Editorials The moment of reckoning is upon us EDITORIAL: The National Security Committee meeting had a two-point agenda: the state of the economy and the rise in... Updated 05 Jan, 2023 06:40am
Opinion Deutsche Bank’s rollercoaster ride towards more stability In 2019, Deutsche Bank set out on a journey to cut dependence on its volatile investment bank and rely instead on... Published 17 Dec, 2022 05:58am
Markets Fitch downgrades Sri Lanka’s local currency debt rating to ‘CC’ Fitch on Thursday downgraded Sri Lanka’s Long-Term local-currency debt rating by two notches to “CC” from “CCC”,... Published 01 Dec, 2022 09:03pm
Opinion Doesn’t matter who is/becomes FM SBP’s (State Bank of Pakistan’s) surprise 100 basis point increase in its key policy rate (to a 24-year high of... Updated 01 Dec, 2022 06:07am
Opinion The optimism of SBP The recent statement by the Monetary Policy Committee of the SBP (State Bank of Pakistan) has certainly provided... Published 01 Nov, 2022 05:55am
Opinion Pakistan’s exports in the doldrums Subsidies such as those relating to power tariffs have been the lifelines of our export industry, notably the ... Published 29 Oct, 2022 05:55am
Editorials Govt borrowing rises EDITORIAL: The federal government borrowed 608.5 billion rupees from banks during the first 105 days of the current... Published 27 Oct, 2022 05:54am
Opinion Foreign inflows at a low ebb International perceptions of the declining credit worthiness of Pakistan have been augmented by the downgrading of... Published 25 Oct, 2022 05:51am
Opinion Has Ishaq Dar lost his magic? Statesmanship demands maintaining a delicate balance between economy and politics. Unfortunately, the scales world... Published 24 Oct, 2022 05:45am
Business & Finance India govt ‘in no hurry’ on medium-term inflation target NEW DELHI: India’s government is in no hurry to push inflation - now hovering near 7% and eight-year highs - back to... Published 21 Sep, 2022 11:38am
World S&P, Fitch cut Ukraine’s credit rating WASHINGTON: Rating agencies S&P and Fitch again lowered Ukraine’s credit rating Friday, deeming that the... Published 13 Aug, 2022 10:05am
Print Outlook downgrade: S&P follows in the footsteps of Fitch, Moody’s ISLAMABAD: S&P Global Ratings (previously Standard and Poor’s) revised the outlook on Pakistan’s long-term... Updated 29 Jul, 2022 09:08am
Opinion Default risk at hand Around end of March, in a World Bank published article ‘Are we ready for the coming spate of debt crises’ it was... Published 22 Jul, 2022 06:07am
Business & Finance Rupee’s devaluation, economic crisis worries KATI chief KARACHI: President Korangi Association of Trade and Industry (KATI), Salman Aslam expressed concern over rupee fall,... Published 22 Jul, 2022 06:07am
Opinion IMF programme needs to be protected This is apropos a Business Recorder news item “Miftah gives a detailed account: How country saved itself from... Updated 20 Jul, 2022 06:08am
Print Fitch, too, revises outlook to negative Affirms Pakistan's long-term foreign-currency (LTFC) issuer default rating (IDR) at “B-” Updated 20 Jul, 2022 09:18am
Business & Finance Govt can’t afford to let value of PKR sink further: PBF Says that if dollar is not controlled, prices of petrol and electricity will increase to unimaginable levels Updated 20 Jul, 2022 09:55am
Editorials IMF, Moody’s, Fitch: dire warnings EDITORIAL: Moody’s report on Pakistan refers to the continuing protracted negotiations with the International... Published 20 Jul, 2022 05:48am
Following $600mn Ambani wedding, India has set the stage for its next growth phase, Pakistan is still lost
Following $600mn Ambani wedding, India has set the stage for its next growth phase, Pakistan is still lost
Following $600mn Ambani wedding, India has set the stage for its next growth phase, Pakistan is still lost