Pakistan tops global emerging markets in default risk reduction

Islamabad: Prominent international media firm Bloomberg has termed Pakistan the most improved economy in terms of default risk reduction.     

According to a report by research division of Bloomberg, this improvement is due to renewed confidence of investors, macroeconomic stabilization, structural reforms, successful IMF engagement, timely debt repayments and improved credit outlooks by Fitch and other global rating agencies.

The report says Pakistan is leading the global emerging markets rankings in default risk reduction, as it has recorded the largest drop in sovereign default risk globally over the last 12 months from 59 to 47 percent.

This is a resounding signal to global investors that Pakistan is not only back on the map but is moving forward with stability, credibility, and reform at its core.