KARACHI: Fitch Ratings has assigned a ‘B-‘ rating to Pakistan’s proposed U.S. dollar-denominated bond, with a Recovery Rating of ‘RR4,’ the ratings agency announced. Pakistan plans to use proceeds from the bond for general budgetary and sovereign financing purposes, according to Fitch. The bond rating is aligned with Pakistan’s Long-Term Foreign-Currency Issuer Default Rating, while ... Read more

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KARACHI: The State Bank of Pakistan’s consolidated profit fell nearly 20% to Rs 1.999 trillion for the fiscal year ended June 30, 2026, as a sharp decline in interest and markup earnings outweighed a turnaround in exchange-related gains, according to the central bank’s consolidated financial statements approved Thursday. The central bank reported profit after tax ... Read more

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