Islamabad:
The adviser to the Finance Minister, Khurram Schehzad, said on Sunday that Pakistan has emerged in a remarkable shift as one of the top prestigious countries in reducing his standard risk and registering one of the sharpest falls globally.
According to the latest data sent by Bloomberg, Pakistan stands out globally as the 2nd most improved economy in terms of reduction in superb standard risk, measured by CDS-Implicated Standard probability globally, he posted on social media Site X.
He said that Pakistan was only 2. To Turkey at Global Emerging Market (European Championships) Location in Standard Risk Reduction, as the country has registered one of the sharpest drops in sovereign standard risk globally in the last 15 months (since JUNI-24 to SEP-25).
In particular, Pakistan is the only country in the European Championship test that shows consistently quarterly improvement in the past year, he said, adding that the default probability has fallen by a massive 2,200 basic point.
He noted that this marks the sharpest fall among the major em in front of South Africa (3%), ei Salvador (2%).
Khurram maintained that, in contrast, countries such as Argentina, Egypt, Nigeria and others have their standard risks increase. This sharp decrease in the country’s risk signals, which strengthens the investor’s confidence, supported by macroeconomic stabilization, structural reforms, timely debt service, staying the course with the IMF program and positive rating from S&P, Fitch and Moody’s, he added.
The advisor observed that Pakistan steadily rebuilding the market’s credibility and stands out as one of the most improved sovereign credit stories in the new market universe.
