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Pakistan records largest drop in default risk among emerging markets

  • On June 28, 2025, Pakistan was named the most improved emerging market economy by Bloomberg Intelligence for reducing sovereign default risk.
  • This recognition followed Pakistan's 11 percentage point drop in CDS-implied default probability from 59% to 47% over the last 12 months.
  • The progress is attributed to key institutional changes, effective collaboration with the IMF, prompt loan servicing, and a resurgence of investor trust in Pakistan’s economic outlook.
  • Prime Minister Shehbaz Sharif conveyed his strong approval of the Bloomberg report and acknowledged the tireless efforts and commitment of the economic team.
  • This development signals enhanced credibility in international markets and suggests Pakistan is advancing toward a strong economic future with stability and reform.
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Business Recorder broke the news in on Saturday, June 28, 2025.
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