Prime Minister Shehbaz Sharif has expressed satisfaction over a recent Bloomberg report that highlights Pakistan’s improving economic stability and reduced default risk, calling it a clear reflection of his government’s efforts.
In a statement issued Saturday, the premier said Pakistan is now among the few nations that have made tangible economic progress over the last year. He credited the country’s economic team for their hard work, particularly in securing timely loan repayments and reaching successful agreements with international financial institutions.
Also Read: Shehbaz Sharif to visit UAE on June 12 for key meetings
“Pakistan is moving steadily towards a stronger economic future,” Shehbaz noted, adding that international recognition boosts investor confidence and the country’s global standing.
Bloomberg’s report marked a major milestone for Pakistan, showing a drop in default probability from 59% to 47%—a sharp 1100 basis point improvement. The report also ranked Pakistan among the world’s top emerging markets, offering a positive outlook for future growth.
