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flag Fitch Ratings upgrades Pakistan's credit rating, signaling improved fiscal health and economic reforms.

flag Fitch Ratings has upgraded Pakistan's credit rating from 'CCC+' to 'B-', reflecting increased confidence in the country's fiscal discipline and implementation of structural reforms under its IMF program. flag The rating agency expects Pakistan's budget deficit to narrow to 6% of GDP in the current fiscal year and around 5% in the medium term. flag The upgrade also acknowledges improvements in Pakistan's external account, including a $700 million current account surplus. flag However, Fitch warns of risks from global trade tensions and market volatility, though these are partially mitigated by lower oil prices and limited reliance on exports.

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