Prime Minister Shehbaz Sharif welcomed Bloomberg’s new report showing a major improvement in Pakistan’s economic outlook. He called it a key milestone that reflects growing investor confidence. The Bloomberg data places Pakistan as the second most improved country in reducing default risk, just behind Turkey. The PM said this is proof that the country’s development journey is back on track.
The report highlights a sharp drop in Pakistan’s sovereign default risk, based on CDS-implied probability. Credit default swaps (CDS) are used by investors to assess a country’s chance of default. The PM noted that just 15 months ago, Pakistan was near default. Now, it shows one of the biggest global turnarounds in economic risk.
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The Prime Minister credited this progress to the government’s tough decisions. He also thanked local and international business communities for their support. He said economic recovery is now a reality, not just a promise. The steady improvement shows global investors are regaining trust in Pakistan.
According to the Bloomberg report, Pakistan is the only country in the Emerging Markets group with consistent quarterly improvement. Its default probability dropped by 2,200 basis points between June 2024 and September 2025. This strong performance has moved Pakistan up in global rankings for financial stability.
Advisor to the Finance Minister, Khurram Schehzad, said the drop in risk reflects macroeconomic stability and reforms. He pointed to regular debt repayments, progress with the IMF program, and positive credit ratings from agencies like S&P, Fitch, and Moody’s. These factors continue to boost confidence in Pakistan’s economic future.