S&P Sees More Pakistan Rating Upgrades If Fiscal Deficit Stays Below 3% Of GDP
S&P Global Ratings says Pakistan could secure further sovereign rating upgrades if it keeps the fiscal deficit below 3% of GDP, reduces government debt below 60% and strengthens institutions.
S&P Global Upgrades Pakistan Sovereign Rating to B Citing Reforms and Reserve Growth
S&P Global Ratings upgrades Pakistan long term sovereign rating to B with stable outlook following IMF reform execution fiscal discipline and reserve expansion.
PIA Privatisation: Arif Habib, Lucky Cement, and Air Blue Submit Bids in Televised Auction
Pakistan International Airlines (PIA) receives three bids in its second televised privatisation attempt, with Arif Habib-led consortium offering Rs115 billion, Lucky Cement consortium Rs101.5 billion, and Air Blue Rs26.5 billion.