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  - WN.COM - Business - 19/Aug 01:29

Banks set to gain from stability, says Fitch

ISLAMABAD: Fitch Ratings on Monday projected improved prospects for Pakistan’s banking sector, citing stabilising macroeconomic indicators, falling inflation, and a return to economic growth. The global credit agency expects Pakistan’s GDP to grow by 3.5pc in FY27, with inflation averaging 5pc — a significant shift from the turmoil and high inflation of recent years. In a brief commentary, Fitch said banks are well-positioned to capitalise on improving operating conditions as...

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