Global credit rating agency Fitch has described Pakistan’s fiscal discipline and overall economic performance as satisfactory.

According to the details, Fitch has maintained Pakistan’s credit rating at B minus, describing Pakistan’s fiscal discipline and overall economic performance as satisfactory.

According to the Fitch rating agency, Pakistan’s fiscal discipline and overall economic performance have been satisfactory, maintaining Pakistan’s credit rating at B minus has made the outlook stable.

The report stated that Pakistan’s economic situation has improved due to the IMF program, and an installment of $1.2 billion is likely to be received after the approval of the IMF board.

The Fitch rating agency also said that the country’s foreign exchange reserves are expected to remain stable despite external payments, Pakistan is facing energy risks due to Middle East tensions.

The report said that inflation is expected to increase to 7.9 percent in the next fiscal year, the reduction in the policy rate has increased business confidence and the country’s GDP is predicted to remain at 3.1 percent in the next fiscal year.

In addition, the Fitch report also revealed that the pressure on external payments is likely to increase to $ 12.8 billion, the current account deficit is expected to remain at 1.1 percent.