In April 2025, Fitch Ratings upgraded Pakistan’s credit rating from CCC+ to B–, with a stable outlook, marking the country’s return to its early 2023 standing and signalling renewed global confidence in its economic direction.
For overseas investors, this isn’t just a technical revision. It’s a signal. A shift in perception. And for real estate, it’s the kind of macro event that historically precedes renewed capital interest, especially from abroad.
For overseas investors, this isn’t just a technical revision. It’s a signal. A shift in perception. And for real estate, it’s the kind of macro event that historically precedes renewed capital interest, especially from abroad.
A Shift in Risk Perception
At CCC+, Pakistan sat on the edge of default. The move to B– now reflects tangible improvement across the board:
- Inflation fell to 0.7% in March 2025, the lowest level since 1968
- Government debt-to-GDP declined from 75% to 67% in FY24
- FX reserves doubled, rising from less than $8B in early 2023 to nearly $18B
- A primary surplus exceeding 2% of GDP is forecast for FY25
- The country is delivering key IMF-backed reforms, including agricultural tax legislation
This is the first time in years that the macro outlook has both stability and structure behind it. The rating reflects not just progress, but momentum.
Why Credit Ratings Matter for Real Estate
Sovereign risk sets the tone for private capital. When ratings rise, so does investor willingness to engage with real assets. Why? Because ratings aren’t abstract—they affect how investors assess:
- Currency volatility
- Policy continuity
- Contract enforcement
- And ultimately, the safety of long-term exposure
Real estate becomes especially attractive in these conditions because it offers:
- Inflation protection
- Tangible asset backing
- Local demand resilience
And for overseas buyers, a meaningful way to diversify with structure
Pakistan is entering that window now.
In addition to the rating change:
- It posted a $700M current account surplus in 8MFY25
- Remittances are projected to reach $38B by year-end
- GDP growth is forecast at 3%
- And the KSE-100 continues to rank among the top-performing markets (USD terms)
That’s not coincidence. That’s convergence.
One Homes: Structured for Stability
While the rating has just caught up to progress on the ground, One Homes has been building for this moment for years.
We are the only developer exclusively focused on overseas Pakistanis and global investors, offering:
- Dollar-linked pricing and returns
- 84-point legal due diligence on every plot
- Fully managed real estate across Pakistan’s most investable locations
- Partnerships with international design leaders like Kobi Karp and Versace Ceramics
In a market regaining its footing, structure isn’t optional—it’s everything. That’s why our platform was designed not for speculation, but for certainty.
Fitch’s B– upgrade is more than a technicality. It’s a marker of regained credibility, a reduction in perceived risk, and a green light for private capital to re-enter—cautiously, but confidently.
The early mover advantage belongs to those who can see the signal—and act while the floor is still rising.
One Homes was built to meet that moment. And now, it’s here. Whether you’re seeking an investment property or a vacation home that’s within driving distance of some of the world’s highest peaks, One Homes’ diverse portfolio of properties has something for you.
