Prime Minister Shehbaz Sharif has shown strong approval for Bloomberg’s latest report about Pakistan’s economy. He says this report clearly shows that the country’s financial health is getting much better. This news has been widely shared by Pakistani media, including ARY News, Radio Pakistan, and the Associated Press of Pakistan (APP).
The Bloomberg report points out that Pakistan has achieved the biggest drop in the risk of defaulting on its loans among all emerging markets globally in the last year. The chance of Pakistan defaulting has gone down from 59% to 47%.
This 11% improvement signals that global confidence in Pakistan’s financial plans and economic policies has been restored. As PM Sharif was quoted by APP, “Pakistan is among the few countries that… showed the most improvement in the economy in the last 12 months.”
Read More: Pakistan Tops Global Ranking in Defeating Default Risk
Prime Minister Shehbaz Sharif gave credit for this success to his government’s smart changes, successful international agreements, and paying back debts on time.
He stressed that Pakistan’s current stable economy is a direct result of these improvements, new investor confidence, and stronger ties with global financial groups like the International Monetary Fund (IMF).
Sharif repeated that Pakistan is quickly moving towards a stronger economic future. Key economic indicators are consistently getting better. He ended by saying that Pakistan’s current economic stability is a positive sign for international investors and a big step towards steady growth for the country.
