Prime Minister Muhammad Shehbaz Sharif on Monday described Bloomberg’s latest assessment of Pakistan’s economy as a milestone, noting that the country’s Credit Default Swap (CDS) price has dropped by 2,200 basis points — a signal of consistently improving investor confidence.
A press release from the PM Office highlighted that the reduction in CDS implied default risk places Pakistan second among emerging economies, following only Turkiye. The premier called it “great news for our economy,” contrasting the current outlook with the situation at the end of the previous government’s tenure, when the country was on the verge of default.
Shehbaz Sharif said the report marked an important stage in Pakistan’s economic turnaround, crediting the “relentless efforts” of his government along with the support of both domestic and international business communities for putting the nation back on track.
He further assured that Pakistan’s “journey of progress will never halt.”
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