Debt swap

Fitch predicts 4% growth for Pakistan in fiscal 2022

KARACHI: Credit rating agency Fitch Ratings expects Pakistan’s growth to stabilize at 4% in the next fiscal year, supported by continued strengthening in domestic consumption and resilient manufacturing and construction activity. While asserting the default rating of Pakistan’s long-term currency issuers at “B-” with a stable outlook, Fitch said the …

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