Pakistan’s default risk drops significantly: Bloomberg
Web Desk
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4 months ago
Islamabad: Pakistan has recorded a notable decline in its default risk over the past 12 months, according to a report by U.S. financial publication Bloomberg.
The country’s default probability has dropped from 59% to 47%, reflecting growing investor confidence, economic stability, and ongoing reforms.
Bloomberg attributes this improvement to better credit outlooks from global financial institutions, further strengthening Pakistan’s economic standing.
Adviser to the Ministry of Finance, Khurram Shehzad, stated that Bloomberg Intelligence ranked Pakistan as the most improved in sovereign default risk globally, earning the top spot in recent rankings.
He added that this positive shift signals renewed global investor trust in Pakistan’s economy — a key indicator of financial recovery.
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