Pakistan is leading the overall classifications of emerging markets (EM), indicating an improvement in the risk of non -compliance, said the advisor of the finance minister Khurram Schehzad.
The current government has assured that the country has moved to a path of economic recovery and growth, witnessing “economic stabilization” after a period of turbulence and uncertainty. Some evaluations of global qualification agencies have indicated gradual improvements in key economic indicators.
In a statement about X, Schehzad said: “According to the latest data published by Bloomberg Intelligence, Pakistan stands out worldwide as the most improved economy in terms of reduction in the risk of sovereign breach, measured by the probability implemented by CDs.”
He said that the country has exceeded world classifications of emerging markets with the “greater fall in the risk of sovereign breach worldwide in the last 12 months.”
The statement said: “[The] predetermined probability [went] Below 59 percent to 47pc, a mass improvement of 1,100 basic points “.
“This marks the most acute decrease among the main emerging markets, ahead of Argentina (-7pc), Tunisia (-4pc) and Nigeria (-5pc).”
The country’s classification contrasts with places such as Türkiye, Ecuador, Egypt and Gabon, which have seen their default risks increase, he added.
The statement also said that the “acute decrease in Pakistan’s risk signals renewed investors’ confidence” through macroeconomic stabilization, structural reforms, successful participation of monetary funds and the appropriate refunds of debt, and credit perspectives improved by S&P, Fitch and others.
When qualifying it “a resounding sign for global investors,” Schehzad said: “Pakistan is not only back on the map, but also advances with stability, credibility and reform in its nucleus.”
Earlier this month, the Minister of Finance, Muhammad Aurengzeb, announced the economic survey of Pakistan 2024-25, exuding the confidence that Pakistan’s economy could publish a growth of 2.7 percent in the outgoing fiscal year for the Gross Domestic Product (GDP).
A United Nations report in May said that Pakistan was expected to experience “moderate growth, stabilizing after a period of economic contraction”, with its GDP that will expand in 2.3pc in 2025.
