Pakistan, April 14 -- Those sitting in Islamabad would be quick to paint the town red over global ratings Fitch's decision to affirm Pakistan's sovereign credit rating at B- with a stable outlook. Understandably so, as the appetite for good news remains stronger than ever. The more difficult, sobering task would be to read between the lines and realise the more daunting reality. Yes, the country has regained a degree of macroeconomic stability after a near-crisis phase, but the structure that produced that crisis remains largely intact. The same assessment that acknowledged fiscal consolidation and rebuilt buffers has also warned that Pakistan still gets up to 90 per cent of its oil from the Gulf, remains exposed to an energy shock throug...