Fitch upgrades Pakistan’s credit rating to CCC+ after IMF deal
#pakistaneconomy #imfpakistan #fitch #pakistan
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NewsTranscript
00:00Good news for Pakistan's economy, Fitch has improved the rating of Pakistan.
00:06It has been announced that Fitch has increased the rating of Pakistan to CCC.
00:10Before this, the rating of Pakistan was CCC.
00:13According to the report, the main reason for the improvement in the rating is the new IMF program.
00:18IMF has assured Pakistan of paying 7 billion dollars in debt.
00:22Recently, in the budget of FIFA, policy measures have been taken to improve the economy.
00:26In the report, it has been said that Pakistan needs 3% more to increase its tax-to-GDP ratio.
00:32Pakistan's rating has been improved after 7 months.
00:37Good news for Pakistan's economy, Fitch has improved the rating of Pakistan.
00:43It has been announced that Fitch has increased the rating of Pakistan to CCC.
00:47Before this, the rating of Pakistan was CCC.
00:50According to the report, the main reason for the improvement in the rating is the new IMF program.
00:55IMF has assured Pakistan of paying 7 billion dollars in debt.
00:59Recently, in the budget of FIFA, policy measures have been taken to improve the economy.
01:03In the report, it has been said that Pakistan needs 3% more to increase its tax-to-GDP ratio.
01:09Pakistan's rating has been improved after 7 months.