Pakistan regains S&P Global ‘B’ rating after 9 years: Khurram Schehzad

ISLAMABAD, (APP - UrduPoint / Pakistan Point News - 22nd Jul, 2026) Pakistan has regained a B credit rating after nearly nine years, following an upgrade by S&P Global Ratings, Advisor to Finance Minister, Khurram Schehzad, said Wednesday.

In a post on X, Schehzad said the upgrade from ‘B-’ to ‘B’ represented “another major vote of confidence in Pakistan’s economic turnaround,” noting that the country had last held “B” ratings in 2016-17.

He attributed the improvement to several factors highlighted by S&P, including strengthened institutional capacity, the implementation of key reforms, faster fiscal consolidation, improved foreign exchange reserves and greater macroeconomic stability.

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Schehzad said the stable outlook assigned by S&P reflected confidence that Pakistan’s ongoing reform process would support sustained economic growth and continued fiscal discipline.

“Stability strengthens. Reforms deliver. Confidence rises,” he wrote, describing the rating action as a positive signal for Pakistan’s economic recovery efforts.

The upgrade comes as the government continues measures aimed at stabilising the economy, improving external finances and restoring investor confidence.