Pakistan\'s economic turnaround earns S&P Global vote of confidence

S&P Global Ratings acknowledged Pakistan's progress in strengthening macroeconomic stability and appreciated the government's commitment to fiscal discipline, debt sustainability, external resilience, and structural reforms. The acknowledgement came during a meeting between a delegation from S&P Global Ratings and Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, held to discuss Pakistan's sovereign credit profile, macroeconomic outlook, and progress under the government's economic reform agenda. The delegation comprised Mr. YeeFarn Phua, Director, Sovereign Ratings, and Ms. Giulia Filocca, Associate Director, Sovereign Ratings, according to a press release issued. During the meeting, the Finance Minister highlighted significant improvement in Pakistan's macroeconomic fundamentals, citing stronger economic growth, sustained fiscal consolidation, improved debt sustainability, and enhanced external sector resilience underpinned by the Federal Budget FY2026-27.