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Fitch Solutions

IMF likely to extend $12 billion bailout to Pakistan soon: Fitch ratings

KARACHI: The International Monetary Fund (IMF) and Pakistan will soon reach to a bailout deal with a potential size of $12 billion, Fitch Solutions ratings agency said in its latest report. Pakistan is expected to have an increasing pressure to improve fiscal consolidation through austerity measures,  the report said. “Following the latest meeting of Prime Minister Imran Khan and International Monetary Fund (IMF) Chief Christine Lagarde in Dubai on 10th February 20 19, we at Fitch Solutions maintain our view that an…

Fitch report fears slide in Pakistan’s growth rate, exports

KARACHI: The global credit rating agency Fitch has said that inflation and the interest rate will not hike further in the next few months in Pakistan. In its report on the economy of Pakistan, Fitch Solutions predicted down-slide in growth rate and exports. The growth rate this year will will be around 4.4 percent, the report said. According to the report, Pakistan’s economy is faced with growing challenges that will adversely hit the life of the common man. The CPI-based inflation reached a four-year high at 6.78 per…