US EditionPakistan records largest drop in default risk among emerging markets
- On June 28, 2025, Bloomberg Intelligence announced that Pakistan experienced the largest global decline in the risk of sovereign default throughout the previous year.
- This improvement is attributed to Pakistan’s macroeconomic stability efforts, implementation of IMF-supported structural changes, and prompt repayment of debts.
- Pakistan's credit default swap-implied default probability fell from 59% to 47%, surpassing decreases in Argentina, Tunisia, and Nigeria.
- Adviser Khurram Schehzad described the decline as a powerful message to international investors, emphasizing that Pakistan is progressing confidently with a foundation of reliability, trustworthiness, and ongoing reforms.
- Prime Minister Shehbaz Sharif expressed his appreciation for Bloomberg’s recognition of Pakistan’s economic progress, highlighting the government’s economic team for their persistent efforts and affirming that the country is progressing toward a robust economic future.
14 Articles
14 Articles
Pakistan records largest drop in default risk among emerging markets
Pakistan has achieved the world’s steepest decline in sovereign default risk over the past year, leading Bloomberg Intelligence’s Global Emerging Market (EM) Rankings for credit risk improvement, according to data released by the finance minister’s adviser on Saturday. Bloomberg, the international financial information and media firm, has described Pakistan as the most improved economy in terms of reducing default risk. The report attributes thi…
Pakistan tops global emerging market rankings in sovereign risk
KARACHI: Pakistan has recorded the world’s sharpest decline in sovereign default risk over the past year, topping Bloomberg Intelligence’s Global Emerging Market (EM) Rankings for credit risk improvement, according to new data cited by a senior finance official on Saturday. The data, published by Bloomberg’s research arm, showed that Pakistan’s credit default swap-implied
Pakistan Leads Global Emerging Markets in Risk Improvement, Bloomberg Reports
Pakistan has topped Bloomberg Intelligence’s Global Emerging Market (EM) Rankings for sovereign risk improvement, recording the sharpest decline in sovereign default risk among emerging markets over the past 12 months. The country’s credit default swap (CDS)-implied probability of default fell from 59% to 47%, an 11 percentage point (1,100 basis points) improvement, the largest drop globally, surpassing countries like Argentina, Tunisia, and Nig…
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