- July 3, 2026
- Posted by: Tresmark
- Category:
No Comments
Pakistan has formally sought a further upgrade of its sovereign credit rating from S&P Global Ratings to fetch around $2 billion during the current fiscal year by launching more international bonds.
The Standard & Poor’s had raised Pakistan’s sovereign credit rating to ‘B-’ from ‘CCC+’ and placed it on a ‘stable’ outlook in July 2025, saying that the country’s finances and reserves had been stabilised by the International Monetary Fund support.
Pakistan is at a much better rating than the ‘CCC+’ rating but is still two steps below the “investment-grade” (BBB) category.However, according to the official statement issued by the Ministry of Finance, Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb met a delegation from S&P Global Ratings here on Thursday. The delegation comprised YeeFarn PHUA, Director Sovereign Ratings, and Ms. Giulia Filocca, Associate Director Sovereign Ratings, to discuss Pakistan’s sovereign credit profile, macroeconomic outlook and progress under the government’s comprehensive economic reform agenda.
Aurangzeb highlighted the significant improvement in Pakistan’s macroeconomic fundamentals, emphasising stronger economic growth, sustained fiscal consolidation, improved debt sustainability and enhanced external sector resilience underpinned by a pro-growth and fiscally responsible Federal Budget FY2026-27.
He noted that prudent economic management, disciplined policy implementation and continued structural reforms had strengthened macroeconomic stability, resulting in lower inflation, higher foreign exchange reserves, stronger external position, renewed investor confidence and continued progress across key fiscal and external indicators despite a challenging regional and global environment.
The S&P Global Ratings delegation acknowledged Pakistan’s progress in strengthening macroeconomic stability and appreciated the government’s commitment to fiscal discipline, debt sustainability, external resilience and structural reforms.
The delegation also held a constructive discussion with the finance minister and his team on Pakistan’s medium-term economic outlook, reform priorities and measures aimed at further strengthening the country’s sovereign credit profile.
Source: The International News Pakistan
