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Articles for tag: Abu, connectivity, Dhabis, enhance, Pakistan, promoting, rail, regional, summit, upgrades

October 2, 2025

News Desk

At Abu Dhabi’s summit, Pakistan is promoting rail upgrades to enhance regional connectivity

Bilal Azhar Kayani’s Minister of Finance and Railway speaks during the discussion at the conference held in Abu Dhabi on October 2, 2025 – PID Finance and Railway Minister Bilal Azhar Kayani has highlighted the country’s plans to upgrades large -scale rail lines, describing modern transport infrastructure as the foundation of economic growth and regional connectivity. The World Conference Conference and the Exhibition, which is being held in Abu Dhabi from September 30 to October 2, 2025, gathered the Ministers of Transport, Policy Officers and industry leaders from around the world to form the future of rail and infrastructure. The

July 24, 2025

News Desk

S&P upgrades Pakistan’s credit rating to ‘B negative’

Listen to the article Islamabad: Standard & Poor’s credit rating agency upgraded Pakistan from a notch to “B negative” on Thursday, an improvement from its previous position, although they are still two places below the investment. This move comes from the application of reforms and the risks to collapse sovereignty. S&P’s global ratings have increased long -term credit reviews from “CCC positive” to “b negative” after a two -and -a -half -year -old gap, according to a statement by the Organization, one of the three largest credit rating companies. The organization also commissioned a steady perspective in Pakistan. Upgrading has

May 5, 2025

News Desk

Sajal Ali upgrades her accessory game

In a carousel Instagram shared on Friday, Sajal Ali dug a silver nose ring with a glittering stone, combined with an occasional black peak of amane and jeans with a white cap. “It’s the time of my ring,” he announced. The fans praised the effort in the caption, recognizing how much the sajal suit accessories. “You’re so elegant, so gorgeous, that looks like a true vision of grace and beauty,” one fan wrote. “First of all. Do you have such a cute nose and a nose ring over it?” Another blinking. The compliment stream did not stop at the nose

April 15, 2025

News Desk

Fitch upgrades Pakistan’s credit rating from CCC+ to B-

Listen to the article Fitch Ratings has upgraded the default score of Pakistan’s external coinage issuer to “B- from” CCC+”, citing stronger fiscal integration efforts and improving external stability. This marks Pakistan’s first upgrade in almost six years. The prospects have been revised to a fixed, last presented in 2018. The Evaluation Organization highlighted the increased confidence in Islamabad’s ability to limit budget deficits and seek structural reforms under the International Monetary Fund program (IMF). Fitch stressed that while strict economic policies will help rebuild international reserves, funding needs remain significant. The global commercial risks and security challenges, especially close

April 15, 2025

News Desk

Fitch upgrades Pakistan’s credit rating to “B-” to improved fiscal, external measurements

The Fitch Ratings logo is shown in their offices at Canary Wharf Financial District in London, Britain, March 3, 2016. – Reuters The upgrade follows Islamabad’s offer to maintain the IMF review. Fitch sees strict economic policies continue to support FX’s recovery. Finmin says the move will further strengthen the government’s economic agenda. Fitch’s evaluations on Monday upgraded Pakistan’s delay with long-term external currency version in “B- from” CCC+”, reporting improved fiscal integration, stabilizing external account and more powerful macroeconomic management. The prospects are constant. The Evaluation Service said in a statement Monday that the move was reflected in increasing

March 12, 2025

News Desk

Moody’s upgrades upgrades Pakistan’s banking sector to positive

Listen to the article Moody’s, a global credit rating service, has revised the prospects of the Pakistan banking sector from stable to positive, attributing a change to stronger economic performance and recovery to macroeconomic conditions since last year’s recession. The organization’s latest report noted that Pakistan banks are largely invested in government securities, holding about 50% of their total assets in dominant bonds. The upgrade reflects a more favorable liquidity position and improved external funding conditions, in accordance with the positive tendency to evaluate the government. According to Moody’s, Outlook’s upgrade is aligned with the improved dominant credit ratings of

August 28, 2024

News Desk

Moody’s upgrades Pakistan’s rating

KARACHI: Moody’s Ratings upgraded Pakistan’s local and foreign currency issuer and senior unsecured debt ratings to ‘Caa2’ from ‘Caa3’, raising the outlook to positive from stable. This upgrade comes just weeks ahead of Pakistan’s expected $7 billion International Monetary Fund (IMF) loan program, signaling that the country’s risk of default on external debt has decreased despite ongoing governance issues and political instability. This move by one of the world’s top three rating agencies has renewed foreign investor confidence in Pakistan’s economy, potentially opening the door for the country to return to global capital markets. Pakistan could now raise fresh external

August 28, 2024

News Desk

Moody’s upgrades Pakistan’s ratings to caa2, reflecting improved outlook

Moody’s Ratings has upgraded Pakistan’s local and foreign currency issuer and senior unsecured debt ratings from CAA3 to CAA2, while changing the country’s outlook from stable to positive. This decision reflects the country’s improved macroeconomic conditions and moderately better government liquidity and external positions, despite remaining challenges. The upgrade to CAA2 means reducing Pakistan’s default risk, bringing it in line with the new rating level. This improvement is partly attributed to the recent staff-level agreement with the International Monetary Fund (IMF) for a 37-month Extended Fund Facility (EFF) of $7 billion agreed on 12 July 2024. The IMF Board is

August 19, 2024

News Desk

PCB ‘hopes’ to complete stadium upgrades in time for Champions Trophy 2025

Listen to the article PAKISTAN: Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi has expressed confidence that Pakistan will be ready to host all teams for Champions Trophy 2025, despite significant challenges in upgrading the country’s cricket stadiums. Briefing the media at the Gaddafi Stadium on Monday, the president assured that efforts are on to complete the necessary upgrades at the Karachi, Lahore and Rawalpindi stadiums ahead of the tournament. He remained optimistic that major teams, including India, would participate as planned. “Let the stadiums be built and teams will come from all over, including India,” Naqvi said. “Construction work is

August 14, 2024

News Desk

MSCI upgrades Sazgar Engineering to FM Index

KARACHI: MSCI upgraded Pakistan-based carmaker Sazgar Engineering to its Frontier Market (FM) index and added six other companies to its small-cap index, inviting some fresh foreign buying into shares of these companies on the Pakistan Stock Exchange (PSX). According to the results of the latest quarterly index review (QIR) of August 2024, Morgan Stanley Capital International moved Sazgar Engineering to one of its most important global indices (FM) from the small-cap index. Additionally, the global index and analytics provider added six more companies: Atlas Battery, Ghandhara Automobiles, Habib Sugar Mills, Lotte Chemical Pakistan, Octopus Digital and Soneri Bank. MSCI announced

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