ISLAMABAD, July 10 (Reuters) – Fitch credit rating agency on Monday upgraded Pakistan’s long-term foreign currency issuer default rating to CCC from CCC-, a positive sign for a country reeling under its worst economic crisis. Fitch said in a statement the upgrade reflected the country’s improved external liquidity and funding conditions following a staff level agreement […]
IMF deal
Pakistan has not defaulted in 70 years, it won’t in future either: Miftah Ismail
WASHINGTON: After his meetings with the International Monetary Fund (IMF), Finance Minister Miftah Ismail confirmed the nation that Pakistan has “not defaulted” in its over 70-year history and will not do so in the future either. Addressing a press conference alongside State Minister for Finance and Revenue Dr Aisha Ghaus Pasha, Miftah said that dealings […]
Senator Sherry Rehman questions amnesty scheme, IMF deal
Pakistan People’s Party Parliamentary Leader in Senate Sherry Rehman on Tuesday criticised the government for not discussing its arrangement with the International Monetary Fund (IMF) in the Parliament. “Since the government has prorogued both houses of Parliament, we have no other way to know about the deal except through the media. The government must immediately […]