Pakistan has become world’s 2nd most improved economy in terms of reduction in sovereign default risk.
As per the latest data by Bloomberg shared by Advisor to Finance Minister Khurram Schehzad, Pakistan stood 2nd only to Turkiye in Global Emerging Market Rankings, as it has recorded one of the sharpest drops in sovereign default risk globally over the last 15 months.
Pakistan is the only country in the EM (Emerging Market) sample showing consistent quarterly improvement across the past year.
This is due to strengthening investor confidence, macroeconomic stabilization, structural reforms, timely debt servicing, staying the course with the IMF program and positive ratings by international rating agencies like S&P, Fitch, and Moody’s.
