The credit rating agency S&P Global stage Pakistan’s sovereign credit rating from ‘CCC+’ to ‘B-‘ ‘on Thursday. In addition, the prospects of Pakistan ‘stable’ were held. The agency said that the economy of Pakistan and foreign exchange reserves has improved following the bail package of the International Monetary Fund (IMF). S&P said this financial aid to Pakistan will not only help to fulfill its responsibilities, but will also help repay debt within the next twelve months. Pakistan has pushed under the burden of debt, and Pakistan has to pay a $ 25-27 billion loan from China, Saudi Arabia and the United Arab Emirates within the next twelve months. Apart from this, Pakistan also has to pay a foreign debt for the next 12 months. In addition, an interest of $ 30.35 billion must also be paid on the loan incurred. S&P says that Pakistan’s ‘stable’ prospects correspond to our expectations, showing that economic reforms are continuing and that the government’s efforts to increase revenue are also underway. However, the agency warned about the growing border dispute with India and said it could have a negative impact on Pakistan’s credit rating. Pakistan’s appeal to Moodyes, meanwhile, Pakistan is still outside global capital markets due to poor credit ratings. Last week, Finance Minister Muhammad Aurangzeb called on US rating agency Moody’s to improve Pakistan’s credit rating and bring it back to the international capital market. Pakistan’s economy has also improved in the economy of Pakistan lately. According to the New Asian Development Bank (ADB) report “Asian development prospects -July 2025”, the economy of Pakistan in FY 2024-25 rose by 2.7 percent. The report described the economic performance of Pakistan as encouraging and the credit for improving the comprehensive economic stability was given to a steady decline in inflation and low prices of essential commodities. Share this story -tags
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