Pakistan Now Second Among Emerging Economies: Bloomberg

News Desk

Islamabad: Prime Minister Muhammad Shehbaz Sharif on Monday welcomed a Bloomberg report highlighting a surge in global investor confidence in Pakistan’s economy, citing a significant decrease in the country’s Credit Default Swap (CDS) prices.

According to the report, Pakistan’s CDS default risk has fallen by 2,200 basis points, placing the country second among emerging economies—behind only Turkiye. A press statement from the Prime Minister’s Office described the development as a “crucial milestone” reflecting the government’s efforts to stabilize the economy.

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“This is great news for our economy,” the prime minister said, noting that at the end of the previous government’s tenure, Pakistan was on the brink of default. He credited both domestic and international business communities for their cooperation in restoring investor confidence.

“With the relentless efforts of the Government of Pakistan and the support of business sectors, the promise of Pakistan’s development is now on track,” Shehbaz added. He emphasized that the government’s journey toward economic progress would continue without interruption.

The drop in CDS prices indicates reduced perceived risk among global investors, signaling renewed faith in Pakistan’s economic stability and prospects for growth.