{"id":11984,"date":"2025-06-28T18:04:11","date_gmt":"2025-06-28T18:04:11","guid":{"rendered":"https:\/\/ipp-news.com\/?p=11984"},"modified":"2025-06-28T18:04:11","modified_gmt":"2025-06-28T18:04:11","slug":"pakistan-records-largest-drop-in-default-risk-among-emerging-markets","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=11984","title":{"rendered":"Pakistan records largest drop in default risk among emerging markets"},"content":{"rendered":"<div>Pakistan has achieved the world\u2019s steepest decline in sovereign default risk over the past year, leading Bloomberg Intelligence\u2019s Global Emerging Market (EM) Rankings for credit risk improvement, according to data released by the finance minister\u2019s adviser on Saturday.<\/p>\n<p>Bloomberg, the international financial information and media firm, has described Pakistan as the most improved economy in terms of reducing default risk.<\/p>\n<p>The report attributes this progress to renewed investor confidence, macroeconomic stabilisation, structural reforms, successful engagement with the International Monetary Fund (IMF), timely debt repayments, and positive credit outlooks from global rating agencies including Fitch and S&amp;P.<\/p>\n<p>According to Bloomberg\u2019s research division, Pakistan\u2019s credit default swap (CDS)-implied probability of default declined from 59 per cent to 47 per cent over the last 12 months \u2014 an 11 percentage point drop and the largest reduction among emerging markets globally.<\/p>\n<p>This improvement outpaces other countries such as Argentina, Tunisia, and Nigeria, while some nations including Egypt, Gabon and Turkey have seen their default risks increase.<\/p>\n<p>Breaking: Pakistan Leads the World in Sovereign Risk Improvement &#8211; Tops Global EM Rankings<\/p>\n<p>As per the latest data posted by Bloomberg Intelligence, Pakistan stands out globally as the most improved economy in terms of reduction in sovereign default risk, as measured by\u2026 pic.twitter.com\/FX4fR8QVFD<br \/>\n\u2014 Khurram Schehzad (@kschehzad) June 28, 2025<\/p>\n<p>Khurram Shehzad, adviser to the finance minister, took to social media platform X to highlight Pakistan\u2019s achievement, stating that the country \u201cstands out globally as the most improved economy in terms of reduction in sovereign default risk.\u201d<\/p>\n<p>Read More: Pakistan, WB boost ties with $40b framework<\/p>\n<p>He further added that this \u201cmarks the sharpest decline among major emerging markets,\u201d and credited factors such as macroeconomic stabilisation, structural reforms, successful IMF engagement, and timely debt repayments for the positive trend.<\/p>\n<p>\u201cThis is a resounding signal to global investors that Pakistan is not only back on the map \u2014 it is moving forward with stability, credibility, and reform at its core,\u201d he said.<\/p>\n<p>Prime Minister Shehbaz Sharif welcomed the Bloomberg report, expressing satisfaction over the acknowledgment of Pakistan\u2019s economic stability.<\/p>\n<p>\u201cThe report acknowledges important institutional reforms in various sectors, successful agreement with the IMF, and timely loan repayments, which are definitely evidence of improvement in the government\u2019s economic situation,\u201d he remarked.<\/p>\n<p>Also Read: Global ranking of green passport improves<\/p>\n<p>He added that Pakistan was among the few countries to show the most economic improvement in the past year, according to Bloomberg\u2019s data, and said the country was advancing swiftly towards a stronger economic future.<\/p>\n<p>The prime minister attributed these gains to the sustained efforts and dedication of the government\u2019s economic team.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Pakistan has achieved the world\u2019s steepest decline in sovereign default risk over the past year, leading Bloomberg Intelligence\u2019s Global Emerging Market (EM) Rankings for credit risk improvement, according to data released by the finance minister\u2019s adviser on Saturday. Bloomberg, the international financial information and media firm, has described Pakistan as the most improved economy in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-11984","post","type-post","status-publish","format-standard","hentry","category-english-news"],"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/11984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11984"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/11984\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}