PR No. 212
MEDIA BRIEF
Washington DC: October 24, 2024

Finance Minister Mr. Muhammad Aurangzeb met with the team of Fitch Ratings. He appreciated that Pakistan’s credit rating had been upgraded by Fitch from CCC to CCC+. The Finance Minister briefed the team on Pakistan’s economic performance and highlighted the ongoing measures for revenue mobilization, expenditure rationalization, tariff reduction in the energy sector, and the accelerated privatization program. He expressed satisfaction that the government had sufficient reserves to meet its external debt obligations for the current year.

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