Pakistan Ranks Second in Reduced Sovereign Default Risk
Pakistan has emerged as the world’s second most improved economy in lowering its sovereign default risk, according to the latest data released by Bloomberg.
The country ranked just behind Turkiye among global emerging markets that recorded major progress over the past fifteen months.
Advisor to the Finance Minister Khurram Schehzad shared that Pakistan is the only emerging market showing consistent quarterly improvement throughout the year.
The report highlights that the country has demonstrated steady resilience amid economic and fiscal challenges.
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Officials attribute the progress to enhanced investor confidence, macroeconomic stabilization, and the government’s continued focus on structural reforms.
The improvement also reflects Pakistan’s commitment to timely debt servicing and its adherence to the ongoing IMF program.
Positive ratings from leading international agencies, including S&P, Fitch, and Moody’s, have further strengthened the country’s economic outlook.
The consistent decline in sovereign default risk signals renewed global confidence in Pakistan’s financial stability and long-term recovery efforts.
