Pakistan has achieved the world’s second-fastest improvement in sovereign default risk, trailing only Türkiye, according to Bloomberg data.
Khurram Schehzad, Advisor to the Federal Finance Minister, shared the development on X (formerly Twitter), noting that Pakistan is the only country to post consistent improvement in default risk over the past year.
He highlighted that the country’s sovereign risk has improved in every quarter, a rare trend among global economies. “Pakistan is the only economy to show steady progress each quarter in reducing default risk,” Schehzad stated.
The advisor further pointed out that the most significant improvement was recorded in the past 15 months, reflecting growing investor confidence and fiscal stabilization measures.
Bloomberg’s ranking underscores Pakistan’s progress in managing external vulnerabilities, though analysts caution that sustaining momentum will require continued reforms, disciplined fiscal policies, and foreign inflows.
