Trends - Fitch - Business Recorder

Fitch

Fitch thinks South Africa will struggle to stabilise debt as projected in budget

JOHANNESBURG: Fitch ratings agency said on Friday that it thought South Africa’s government would struggle to...

Published 14 Mar, 2025 04:40pm

Pakistan

China rolls over $2 billion loan to Pakistan

Pakistan needs to repay over $22 billion in external debt in fiscal year 2025, including nearly $13 billion in bilateral deposits

Published 08 Mar, 2025 11:17pm

Business & Finance

Fitch cuts Nissan rating to junk status, following Moody’s downgrade

TOKYO: Fitch Ratings said on Wednesday it has downgraded Nissan Motor’s rating to junk-status BB+ from BBB-,...

Published 26 Feb, 2025 05:20pm

Business & Finance

Second top agency warns of Trump threat to World Bank’s triple-A rating

LONDON: Fitch has become the second top rating agency to warn that the prized triple-A credit scores of the World...

Published 11 Feb, 2025 06:16pm

Editorials

Assessment of economy by Fitch

EDITORIAL: In its latest report, Fitch, one of the three major international rating agencies, has maintained that...

Updated 11 Feb, 2025 07:11am

Business & Finance

IMF funding rests on reforms progress: Fitch

ISLAMABAD: Progress on difficult structural reforms will be the key to upcoming International Monetary Fund (IMF)...

Published 08 Feb, 2025 06:30am

Business & Finance

Fitch flags concerns over ‘significant’ US fiscal policy challenges

WASHINGTON: The United States is facing “significant” tax-and-spend challenges this year that are unlikely to be...

Published 08 Jan, 2025 12:21am

Business & Finance

Fitch puts some Adani bonds on negative watch after US bribery charges

Ratings agency Fitch has put some Adani Group bonds on watch for a possible downgrade after US authorities indicted...

Published 26 Nov, 2024 11:22am

Pakistan

Aurangzeb explores climate financing, trade deals with global institutions

Finance Minister Muhammad Aurangzeb engaged with global financial institutions, including Standard Chartered Bank...

Updated 24 Oct, 2024 11:19pm

Editorials

FBR revenue shortfall

EDITORIAL: The Federal Board of Revenue (FBR) acknowledged a shortfall of 98 billion rupees during the first two...

Published 03 Sep, 2024 06:27am

Inflation decline, credit rating hike: PM derives satisfaction from indicators

Says government committed to economic reforms

Updated 02 Sep, 2024 03:28pm

World

Moody’s raises India’s growth forecasts, Fitch affirms rating

MUMBAI: Moody’s raised India’s growth projection for 2024 and 2025 citing signs of improving rural demand, while...

Published 29 Aug, 2024 03:22pm

Business & Finance

Analysts explain significance of ratings upgrade

KARACHI: Following Fitch’s upgrade last month, Moody’s has followed suit by elevating Pakistan’s credit rating from...

Updated 29 Aug, 2024 10:23am

Editorials

The external financial commitments

EDITORIAL: Governor State Bank of Pakistan Jameel Ahmad, in an interview with a foreign news agency, stated that...

Updated 29 Aug, 2024 10:37am

Editorials

SBP Governor: cautious optimism

EDITORIAL: The Governor of State Bank of Pakistan, Jamil Ahmed, clarified to the National Assembly’s Standing...

Published 09 Aug, 2024 06:56am

Editorials

Another IMF precondition met

EDITORIAL: Federal Finance Minister Muhammad Aurangzeb told reporters on the side-lines of the Senate Parliamentary...

Published 08 Aug, 2024 06:22am

Business & Finance

Fitch upgrades Wapda’s IDR to ‘CCC+’

ISLAMABAD: Fitch Ratings has upgraded Water and Power Development Authority (Wapda)’s Long-Term Foreign Currency...

Updated 07 Aug, 2024 09:14am

Opinion

All is not quite well!

A reality check shows a yawning gap between the relatively small audience (external more than internal as the ...

Updated 05 Aug, 2024 08:36am

Pakistan

‘Economic situation is showing signs of improvement’

ISLAMABAD: Barrister Aqeel Malik, the Government’s Spokesperson on Legal Affairs, on Wednesday said that the...

Published 01 Aug, 2024 06:55am

Editorials

Economy remains in the eye of the storm

EDITORIAL: From a macro-perspective there was good news, however slight it maybe for the growing number of sceptics...

Published 31 Jul, 2024 06:40am

PM welcomes Fitch upgrade

ISLAMABAD: Prime Minister Shehbaz Sharif has welcomed Pakistan’s Triple C plus rating by global credit rating agency...

Updated 30 Jul, 2024 09:50am

Business & Finance

Fitch upgrades rating to ‘CCC+’

KARACHI: Fitch Ratings has upgraded Pakistan’s Long Term Issuer Default Rating by one notch to CCC+, which ...

Published 30 Jul, 2024 03:10am

Business & Finance

India must strengthen manufacturing to create jobs, Fitch analyst says

MUMBAI: India needs to strengthen its manufacturing sector to create jobs in the economy and facilitate its...

Published 24 Jul, 2024 06:56am

Business & Finance

Fitch Ratings told: Over 0.15m retailers registered as new taxpayers: Aurangzeb

ISLAMABAD: Finance Minister Muhammad Aurangzeb on Monday said more than 150,000 retailers have been registered as...

Published 23 Jul, 2024 06:34am

Pakistan

Aurangzeb apprises Fitch representatives about IMF deal, reform measures for stable growth

Finance Minister informs ratings agency officials that Pakistan aims to increase revenues by 1.5% of GDP in FY 2025 and by 3% over the next three years

Updated 22 Jul, 2024 10:51pm

Editorials

‘Constitutional meltdown’?

EDITORIAL: It’s not yet been announced when the IMF’s executive board will meet to discuss the fate of the...

Updated 22 Jul, 2024 07:35am

Pakistan

Fitch co says PML-N govt to remain in power for next 18 months

ISLAMABAD: BMI, a Fitch Solutions company has predicted that the Pakistan Muslim League-Nawaz-led government will...

Published 19 Jul, 2024 06:05am

Editorials

Budget strengthens IMF deal prospects?

EDITORIAL: The rating agency Fitch reaffirmed Pakistan’s rating at CCC reflective of continuing external funding...

Published 24 Jun, 2024 07:16am

Business & Finance

Budget strengthens IMF programme prospects: Fitch

ISLAMABAD: Pakistan’s ambitious fiscal year 2025 budget strengthens prospects for an International Monetary Fund...

Published 20 Jun, 2024 06:01am

Pakistan

Fitch Ratings says Pakistan’s ‘ambitious’ budget strengthens IMF deal prospects

Believes tight policy settings may depress growth more than the government expects, reduces growth forecast to 3% for FY25

Updated 19 Jun, 2024 10:06pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 9	280.80
USD PKR Interbank Buying / Apr 9	280.60
USD to Japanese Yen / Apr 9	145.26
USD to Swiss Franc / Apr 9	0.84
Pound Sterling to USD / Apr 9	1.28
Euro to USD / Apr 9	1.10
UK LIBOR % / Apr 8	4.96

Stock	Volume
S&P 500 / Apr 8	4,982.77
Nasdaq / Apr 8	15,267.91
Dow Jones / Apr 8	37,645.59
India Sensex / Apr 9	74,046.13
Tokyo Nikkei / Apr 9	31,714.03
Hang Seng / Apr 9	20,264.49
FTSE 100 / Apr 9	7,711.10
Germany DAX 30 / Apr 9	19,692.71
France CAC40 / Apr 9	6,919.60

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 8	17,085
Gold 10 Grams PKR / Apr 8	272,633
Petrol/Litre / Apr 9	254.63
Crude Oil USD/Barrel / Apr 9	57.45
Gold Spot USD/Ounce / Apr 9	3,043.54
Diesel/Litre / Apr 9	258.64
Cotton US¢/pound / Apr 9	65.28

Gainers
Losers
Leaders

Stock	Price
IGI Life Ins / Apr 9 IGI Life Insurance Limited(IGIL)	16.59 ▲ 1.51 (10.01%)
Pak Gulf Leasing / Apr 9 Pak-Gulf Leasing Company Limited(PGLC)	16.17 ▲ 1.47 (10%)
First Elite Cap.Mod / Apr 9 First Elite Capital Modaraba(FECM)	17.71 ▲ 1.61 (10%)
Leiner Pak Gelat / Apr 9 Leiner Pak Gelatine Limited(LPGL)	127.90 ▲ 11.63 (10%)
Stylers International / Apr 9 Stylers International Limited(STYLERS)	40.69 ▲ 3.7 (10%)
Blue-Ex Ltd / Apr 9 Blue-Ex Limited (GEM)(GEMBLUEX)	61.80 ▲ 5.62 (10%)
Shakarganj / Apr 9 Shakarganj Limited(SML)	42.57 ▲ 3.87 (10%)
PIA Holding Co.B / Apr 9 PIA Holding Company Limited B(PIAHCLB)	1,105.04 ▲ 100.46 (10%)
Philip Morris Pak. / Apr 9 Philip Morris (Pakistan) Limited(PMPK)	1,307.02 ▲ 118.82 (10%)
Trust Sec.& Brok. / Apr 9 Trust Securities & Brokerage Limited(TSBL)	12.21 ▲ 1.11 (10%)

Stock	Price
Oilboy Energy(R) / Apr 9 Oilboy Energy Limited(R)(OBOYR2)	2.36 ▼ -0.4 (-14.49%)
Tri-Star Mutual / Apr 9 Tri-Star Mutual Fund Limited(TSMF)	7.10 ▼ -1 (-12.35%)
Dewan Textile / Apr 9 Dewan Textile Mills Limited(DWTM)	6.90 ▼ -0.95 (-12.1%)
Pak. P.V.C. / Apr 9 Pakistan PVC Limited(PPVC)	8.25 ▼ -0.98 (-10.62%)
Shahtaj Textile / Apr 9 Shahtaj Textile Limited(STJT)	63.01 ▼ -7 (-10%)
Dawood Lawrencepur / Apr 9 Dawood Lawrencepur Limited(DLL)	255.27 ▼ -28.36 (-10%)
Fateh Ind. / Apr 9 Fateh Industries Limited(FIL)	119.56 ▼ -13.27 (-9.99%)
J.K.Spinning / Apr 9 J.K. Spinning Mills Limited(JKSM)	57 ▼ -6.25 (-9.88%)
Bela Auto / Apr 9 Bela Automotives Limited(BELA)	153 ▼ -16.08 (-9.51%)
Nazir Cotton Mills / Apr 9 Nazir Cotton Mills Limited(NCML)	10.75 ▼ -1.11 (-9.36%)

Stock	Volume
Cnergyico PK / Apr 9 Cnergyico PK Limited(CNERGY)	121,664,697 ▼ -0.03
K-Electric Ltd. / Apr 9 K-Electric Limited(KEL)	54,216,018 ▼ -0.07
Bank Al-Falah / Apr 9 Bank Alfalah Limited(BAFL)	32,603,056 ▼ -1.8
PIA Holding Co.Ltd / Apr 9 PIA Holding Company Limited(PIAHCLA)	20,393,837 ▲ 1.01
At-Tahur Ltd. / Apr 9 At-Tahur Limited(PREMA)	18,976,820 ▼ -2.14
Sui South Gas / Apr 9 Sui Southern Gas Company Limited(SSGC)	18,550,301 ▼ -0.94
Maple Leaf Cement / Apr 9 Maple Leaf Cement Factory Limited(MLCF)	16,745,364 ▲ 0.31
B.O.Punjab / Apr 9 The Bank of Punjab(BOP)	15,984,263 ▼ -0.21
WorldCall Telecom / Apr 9 Worldcall Telecom Limited(WTL)	15,883,113 ▼ -0.01
Pak Int.Bulk / Apr 9 Pakistan International Bulk Terminal(PIBTL)	14,994,441 ▼ -0.23

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