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Pakistan’s GDP growth to reach 3.5% by 2027: Fitch

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Pakistan’s GDP growth to reach 3.5% by 2027: Fitch


The Fitch Ratings logo is seen at their offices at Canary Wharf financial district in London. — Reuters
  • Pakistani banks see stronger growth opportunities ahead: Fitch.
  • Global rating agency cites improving overall business conditions.
  • Says Pakistan’s recovery follows tough period of crisis.

Global credit rating agency Fitch has forecasted Pakistan’s real GDP growth at 3.5% by 2027, up from 2.5% in 2024, according to Fitch Ratings.

“Pakistan’s improved sovereign credit profile reinforces this view,” Fitch noted, referring to the upgrade of the country’s Long-Term Issuer Default Rating (IDR) to ‘B-‘/Stable from ‘CCC+’ in April 2025. The rating improvement was underpinned by ongoing economic recovery, reforms and improving fiscal performance.

The recovery comes after a particularly turbulent period for Pakistan’s economy. Inflation, which peaked at 38% in May 2023, has since eased to 4.1% in July 2025, with Fitch expecting it to average around 5% for the year.

Meanwhile, monetary policy has shifted in response to easing inflationary pressures. Since May 2024, Pakistan’s central bank has halved the policy rate to 11%, while external stability has improved through reduced currency volatility and current account surpluses.

Fitch anticipates that this combination of lower interest rates and a more stable macroeconomic environment will boost demand for private credit.

“We expect the combination of lower interest rates and an improving macroeconomic environment to stimulate private credit demand,” Fitch said, adding that this should support “steadier loan and deposit growth, and banks’ financial performance.”

The agency noted that Pakistan’s banks are set to benefit from better opportunities to generate business volumes due to improving operating conditions amid receding macroeconomic headwinds.

“Private sector credit, which had dropped to a cyclical low of 9.7% of GDP in 2024, is expected to rebound, reducing banks’ reliance on public-sector lending. Continued economic and fiscal reforms could further support this shift,” the statement read.

However, Fitch also pointed to ongoing risks, stating that Pakistan’s improving, albeit still weak, operating environment and its low sovereign credit rating remain areas of concern.

The agency cautioned that the banks’ intrinsic creditworthiness will remain “closely linked to the sovereign and the pace of economic reform,” due to their significant exposure to sovereign securities and state-linked entities.

Despite past economic turbulence, Pakistani banks have demonstrated resilience. The sector’s impaired loan ratio improved to 7.1% by March 2025, down from 7.6% at the end of 2023, amid strong loan growth of 26%, largely fueled by inflation. 





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Prince Harry’s cousin Amelia Windsor tries to be his replacement in royal family

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Prince Harry’s cousin Amelia Windsor tries to be his replacement in royal family


Prince Harry’s cousin Amelia Windsor tries to be his replacement in royal family

King Charles has one big royal seat empty since Meghan Markle has left for America with her family.

Trying to be the fit for this role, Prince Harry’s cousin Lady Amelia Windsor has stepped out to catch attention in black.

The 30 year old was at the premiere of Agatha Christie’s Seven Dials, wearing a gown by Percy Langley that was as elegant as it was intentional.

Fashion followers were quick to spot that this wasn’t the dress’s first outing. 

Known for championing sustainable style long before it became a buzzword, Lady Amelia has worn the gown on multiple occasions, reinforcing her belief that true luxury lies in rewearing. 

Whispers are now swirling that she could be stepping into a whole new chapter of her life .

Although neither she nor her rumored partner have confirmed anything yet but according to insider she may soon be engaged to her long-term boyfriend, property developer Ollie Lewis. 

Amelia is currently 44th in line to the throne and has been linked with Lewis for several years, and fans of the couple have enjoyed watching their relationship grow from festival flings to public appearances on major social stages.

Their story first attracted attention at Glastonbury 2023, where the pair were photographed hugging and kissing amid the crowds even alongside her sister Lady Marina and her now-fiancé, Nico Macauley. 





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Timothée Chalamet surpasses Leonardo DiCaprio milestone

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Timothée Chalamet surpasses Leonardo DiCaprio milestone


Timothée Chalamet surpasses Leonardo DiCaprio milestone: Discover details

Timothée Chalamet has settled into a spot previously occupied by Leonardo DiCaprio, less than a week after beating him to best actor glory at the 2026 Golden Globes.

The newly stamped winner’s film, Marty Supreme, has surpassed the DiCaprio-starrer One Battle After Another at the box office this week.

Per The Hollywood Reporter, the latest news was recorded on Tuesday, with Chalamet’s release “passing up Leonardo DiCaprio’s rival Oscar contender One Battle After Another to end the day with an estimated cume of $72.27 million.”

With the action thriller grossing “slightly north of $71.6 million” at the US box office, the A24 sports drama is currently the highest earner.

Furthermore, despite One Battle being ahead at the global turnover with an estimate of $154.5 million, Marty Supreme is also eyeing competition along the same territory.

“Based on early returns, box office experts believe Marty Supreme could do substantial business overseas and end up north of $170 million to $180 million globally, if not higher,” THR’s report claimed.

Timothée Chalamet’s latest achievement in his Leonardo DiCaprio competition comes just days after the younger star beat his formidable peer at the Golden Globes.

The American-French actor bagged Best Actor – Motion Picture Musical or Comedy award, defeating the Titanic actor, who was one of his competitors in the same category.





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Labubu doll maker accused of unfair labour practices, Chinese Labour Watch reveals

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Labubu doll maker accused of unfair labour practices, Chinese Labour Watch reveals


Labubu doll maker accused of unfair labour practices, Chinese Labour Watch reveals

While the trendy toy Labubu has started fading from the scene after taking the world by storm, the Labubu manufacturer seems to be drawing criticism for allegedly exploiting workers, as claimed by a labour rights organisation, China Labour Watch (CLW).

CLW accused the Chinese factory that makes the popular Labubu dolls of exploiting its workforce.

A following investigation into the matter revealed that Shunjia Toys Co Ltd, a supplier for Pop Mart, subjected employees to excessive overtime, required them to sign blank or incomplete contracts, and denied them paid leave.

For those unfamiliar, the Labubu dolls, known for their viral appeal and sales in “blind boxes,” have gained immense traction worldwide.

Responding to the allegations, Pop Mart stated that it is probing the claims and emphasised its commitment to ensuring that suppliers rectify any identified issues.

Pop Mart conducts regular audits of its suppliers, including annual independent reviews by internationally recognised inspectors. The investigation by CLW involved 51 in-person interviews with factory workers regarding recruitment, contracts, and working conditions.

The factory, located in Guangdong province, has over 4,500 workers and is the primary manufacturing facility for Pop Mart.

As outlined in CLW’s report, several labour violations were committed at Shunjia Toys, including illegal overtime, unclear contract practices, and inadequate safety training.

While no child labour was found, the factory employed 16-year-olds under the same conditions as adults, violating Chinese labour laws that mandate special protections for minors.

CLW urged Pop Mart to take immediate action to address these issues, compensate affected workers, and comply with both Chinese labour laws and international standards. 





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