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Fitch

Interaction with S&P and Fitch

EDITORIAL: Finance Minister Muhammad Aurangzeb met with representatives from Standard and Poor’s and Fitch on the...

Published 24 Apr, 2024 03:50am

Aurangzeb tries to ease concerns of S&P, Fitch

Meets with representatives of S&P Global and Fitch Ratings on the sidelines of the IMF/World Bank Spring Meetings in Washington D.C

Updated 22 Apr, 2024 11:49pm

Business & Finance

Fitch cuts China’s ratings outlook on growth risks

BEIJING: Fitch cut its outlook on China’s sovereign credit rating to negative on Wednesday, citing risks to public...

Updated 10 Apr, 2024 02:34pm

Business & Finance

US banks face loss risk from multi-family property loan exposure, says Fitch

WASHINGTON: US banks with significant lending exposure to some multi-family properties and particularly...

Published 29 Mar, 2024 04:45am

Opinion

IMF programme will test SIFC

Two is a trend, they say, and twice in two weeks now the market has shrugged off concerns of international rating...

Published 29 Feb, 2024 04:41am

Opinion

Default, then?

Fitch’s doubts about securing a post-SBA (Stand-By Arrangement) IMF lifeline show that even leading IFIs...

Published 22 Feb, 2024 06:55am

Opinion

If the political news is grim, the economic news is often worse

It is now increasingly clear that threats to the prospects of next International Monetary Fund (IMF) programme have...

Published 20 Feb, 2024 03:09am

Next IMF programme: Fitch says political uncertainty may complicate efforts

ISLAMABAD: The close outcome of Pakistan’s elections and resulting near-term political uncertainty may complicate...

Updated 20 Feb, 2024 09:35am

Opinion

Business environment and economic growth outlook

According to the recent report entitled “World Economic Situation and Prospects (WESP) 2024” by the United...

Published 18 Jan, 2024 05:54am

Editorials

Fitch maintains rating

EDITORIAL: Fitch has maintained Pakistan’s rating at CCC positive — a rating that has been stable since 10 July...

Published 18 Dec, 2023 06:42am

Editorials

The external resource shortfall

EDITORIAL: The budgeted 6 billion dollars from the commercial banking sector abroad and through issuance of...

Published 28 Nov, 2023 04:56am

Editorials

Woeful rupee slide

EDITORIAL: The interbank rupee-dollar parity registered at 287.85 on 14 November 2023 – a strengthening from the...

Published 16 Nov, 2023 05:39am

Editorials

Pakistan’s external financing needs

EDITORIAL: The outgoing Shehbaz Sharif-led government budgeted 24.2 billion dollar external loans for the current...

Published 15 Nov, 2023 06:09am

Markets

Moody's warns US government shutdown would be 'credit negative'

NEW YORK: A US government shutdown would have negative implications for its credit assessment as it would highlight...

Published 26 Sep, 2023 12:22am

Opinion

Rating agencies and Pakistan’s response

There are three major international credit rating agencies providing investors information about bond and debt...

Published 11 Sep, 2023 06:54am

Business & Finance

Fitch cuts unit of China’s debt-hit Country Garden to junk

BEIJING: Fitch has downgraded to junk the credit rating of a subsidiary of Chinese property giant Country Garden,...

Published 24 Aug, 2023 11:14am

Business & Finance

Morgan Stanley warns of hit to equity valuation if US fiscal spending is cut

WASHINGTON: Brokerage Morgan Stanley on Monday warned that lofty US equity valuations could be questioned by...

Published 08 Aug, 2023 06:37am

Markets

Wall St falls after Fitch downgrades US rating

NEW YORK: Wall Street fell on Wednesday after rating agency Fitch’s move to downgrade the US government’s credit...

Published 03 Aug, 2023 05:54am

Business & Finance

Fitch cuts US credit rating to AA+

WASHINGTON: Rating agency Fitch on Tuesday downgraded the US government’s top credit rating, a move that drew an...

Published 03 Aug, 2023 05:54am

Business & Finance

Dollar shrugs off Fitch’s US downgrade

NEW YORK: The dollar rose on Wednesday as investors shrugged off Fitch’s US credit rating downgrade while data...

Published 03 Aug, 2023 05:54am

Business & Finance

Fitch upgrades Wapda’s rating

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

Updated 20 Jul, 2023 08:39am

Fitch upgrades rating on improved external liquidity

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

Updated 11 Jul, 2023 09:02am

Pakistan

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 3	278.23
USD PKR Interbank Buying / May 3	278.03
USD to Japanese Yen / May 3	152.98
USD to Swiss Franc / May 3	0.91
Pound Sterling to USD / May 3	1.26
Euro to USD / May 3	1.07

Stock	Volume
S&P 500 / May 1	5018.39
Nasdaq / May 1	15605.48
Dow Jones / May 1	37903.29
Tokyo Nikkei / May 2	38236.07
FTSE 100 / May 2	8149.68
Germany DAX 30 / May 2	17906.01
France CAC40 / May 2	7916.49
India Sensex / May 3	74412.88

Item	Value
Karachi Cotton PKR/37.32 KG / May 2	20000
Petrol/Litre / May 3	288.49
Crude Oil USD/Barrel / May 3	79.12
Gold 10 Grams PKR / May 3	205418
Gold Spot USD/Ounce / May 3	2308.69
Diesel/Litre / May 3	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 3 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 3 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 3 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 3 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 3 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 3 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 3 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 3 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 3 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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