Ratings Watch - S&P says Pakistan’s Credit Rating Could Get Upgraded Next Year

News Image

By MG News | October 26, 2015 at 06:45 PM GMT+05:00

0:00

The Credit Rating Agency has said the positive outlook indicates that it could raise Pakistan's rating in 2016. While noting that Pakistan’s fiscal performance had improved and government deficit had declined to 5.10% of GDP with better revenue collection and restrained expenditure the agency believed that enacting the conditions of IMF’s Program under EFF will become increasingly difficult for the government. These conditions include broadening the tax base, reducing tax concessions, and improving compliance, while addressing expenditure-side rigidities (such as through lowering subsidies and public-sector salaries).

For the rating to be upgraded steady progress on the government's reform program remains a necessary condition. However, it warned that if the government's reform program stalls or if internal security worsens to the point of the turmoil seen earlier this decade it could revise the outlook to stable.

Related News

Name Price/Vol %Chg/NChg
KSE100 130,344.03
345.79M
1.67%
2144.61
ALLSHR 81,023.99
1,021.87M
1.55%
1236.37
KSE30 39,908.26
141.62M
2.05%
803.27
KMI30 189,535.00
150.29M
1.40%
2619.39
KMIALLSHR 54,783.66
508.76M
1.07%
581.78
BKTi 34,940.73
55.86M
4.37%
1464.05
OGTi 28,296.06
16.02M
1.19%
333.47
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,240.00 110,105.00
109,205.00
-1045.00
-0.95%
BRENT CRUDE 68.51 69.00
68.41
-0.60
-0.87%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 109.20 110.00
108.25
1.70
1.58%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.87 67.50
66.78
-0.58
-0.86%
SUGAR #11 WORLD 15.56 15.97
15.44
-0.14
-0.89%

Chart of the Day


Latest News
July 03, 2025 at 06:01 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


July 02, 2025 at 11:05 PM GMT+05:00

Cement sales flat in FY25


July 02, 2025 at 10:50 PM GMT+05:00

SBP reserves cross $14bn mark in FY25


July 02, 2025 at 05:29 PM GMT+05:00

CDNS revises profit rates on savings schemes



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg