June 19, 2020 / 3:04 AM / 20 days ago

BRIEF-Fitch Says Pakistan's Public Finances Set To Remain A Rating Weakness

June 18 (Reuters) -

* FITCH SAYS PAKISTAN’S PUBLIC FINANCES SET TO REMAIN A RATING WEAKNESS

* FITCH SAYS PAKISTAN’S FISCAL CONSOLIDATION TARGETS IN ITS FY21 BUDGET ON 12 JUNE WILL BE CHALLENGING TO MEET AMID ECONOMIC SHOCK, CORONAVIRUS CRISIS

* FITCH ON PAKISTAN SAYS EXPECT DEFICITS OF 9.5% OF GDP IN FY20 AND 8.2% IN FY21, PUSHING PUBLIC DEBT-TO-GDP RATIO UP TO 89% OF GDP Source text for Eikon:

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