In a significant milestone for its economic journey, Pakistan has been named the most improved emerging market in sovereign credit risk, according to Bloomberg Intelligence’s latest data. The report shows that Pakistan’s credit default risk has dropped from 59% to 47% over the last 12 months — marking the sharpest decline globally.
This turnaround is credited to the country’s macroeconomic stabilization efforts, structural reforms, successful IMF engagement, and timely repayment of external debts, which have collectively restored investor confidence and enhanced Pakistan’s credibility in global financial markets.
Financial Advisor Khurram Schehzad shared the news via social media, citing the data as a strong indicator that Pakistan is no longer on the financial edge but instead paving the way toward sustained recovery and reform. He noted that Pakistan has outperformed nations like Argentina (-7%), Tunisia (-4%), and Nigeria (-5%), while countries such as Turkey and Egypt have seen an increase in risk.
Prime Minister Shehbaz Sharif welcomed the report with optimism, stating that it validates the government’s economic policies, including major institutional reforms, IMF cooperation, and eliminating the PTV fee from bills — all pointing to a broader vision for a financially secure and sovereign Pakistan.
This development comes amid cautious but growing global recognition of Pakistan’s economic resilience. Credit rating agencies like S&P and Fitch have also upgraded the country’s outlook in recent months, reinforcing Bloomberg’s findings.
With this momentum, Pakistan appears to be reclaiming its position on the global economic map — not just as a country in recovery, but as a nation rising with stability, reform, and credibility at its core.
