Prime Minister Muhammad Shehbaz Sharif on Saturday expressed satisfaction over the Bloomberg report on stability in the Pakistani economy.
He said, “The report acknowledges important institutional reforms in various sectors, successful agreement with the International Monetary Fund, and timely loan repayments, which are evidence of improvement in the government’s economic situation.”
“Pakistan is among the few countries that, according to a Bloomberg report, showed the most improvement in the economy in the last 12 months,” he said, adding, “Pakistan is moving fast towards its strong economic future.”
He said the improved economic indicators were the result of the consistent hard work and dedication of the government’s economic team.
As per the globally renowned financial data agency Bloomberg’s report, Pakistan has been ranked among the world’s top emerging economies following a significant drop in its default risk in a major boost to investor sentiment and international credibility.
The report stated that Pakistan’s probability of default has declined from 59% to 47% over the past 12 months — a notable improvement of 1100 basis points.
The report highlights Pakistan’s growing economic stability and successful financial reforms as key factors behind this improvement. Bloomberg attributes the positive shift to enhanced investor confidence, improved foreign exchange reserves, successful negotiations with the International Monetary Fund (IMF), and increased efforts to boost revenue through domestic reforms.
