Islamabad Staff Reporter
Prime Minister Muhammad Shehbaz Sharif has welcomed Bloomberg’s recent positive report on Pakistan’s economy, stating that it reflects growing global investor confidence in the country’s economic trajectory. He added that this journey of progress will continue without interruption.
According to a statement issued by the Prime Minister’s Office on Monday, the Prime Minister highlighted that the Bloomberg report noted a significant reduction of 2,200 basis points in Pakistan’s Credit Default Swap (CDS), indicating a sharp decline in perceived default risk. This substantial decrease in CDS rates is a strong signal of renewed trust by international investors in Pakistan’s economic stability.
The Prime Minister further stated that, according to global rankings, Pakistan now stands as the second-best performing emerging market after Türkiye — a positive development for the national economy.
He recalled that at the end of the previous government’s tenure, Pakistan was on the brink of default. Bloomberg’s report, he emphasized, marks a major milestone and affirms the direction of the country’s economic recovery.
Prime Minister Shehbaz credited the government’s tireless efforts and the support of both local and international business communities for this encouraging progress. “The promise of Pakistan’s development is being fulfilled,” he said, vowing that the momentum of economic growth will not be halted.
