Banking Stocks Lead Pakistan Stock Exchange Decline Despite S&P Credit Upgrade
KSE-100 index drops 2.7 percent week-on-week as banking sector sell-off and geopolitical uncertainty overshadow S&P rating upgrade and bank growth.
Prime Minister Shehbaz Sharif Welcomes Sovereign Credit Rating Upgrade to B by S&P Global
Prime Minister Shehbaz Sharif hails S&P Global credit rating upgrade to B as a milestone reflecting global confidence in national economic reforms.
Fitch maintains Pakistan’s B- foreign currency rating, assigns Recovery Rating RR4
Fitch Ratings has maintained Pakistan’s long-term foreign currency debt rating at B- and assigned a Recovery Rating of RR4, reflecting the updated sovereign credit assessment framework introduced in September 2025.
Pakistani Banks Gain Momentum as Fitch Sees Brighter Economic Outlook
Fitch Ratings has upgraded Pakistan’s credit profile, signaling better economic prospects for the country’s banking sector. With inflation easing, interest rates reduced, and stronger capital buffers, Pakistani banks are expected to expand private-sector lending and strengthen profitability in the coming years.