ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Monday welcoming Bloomberg’s recent positive report on Pakistan’s economy said that the notable decrease in the price of Pakistan’s Credit Default Swap (CDS) reflected a consistent increase in global investors’ confidence in the country’s economy.
According to the report, the probability of default has decreased significantly by 2,200 basis points, a press statement issued by the PM Office said.
He said Pakistan currently stands second only to Turkiye amongst emerging economies in global rankings, emphasizing that this is a good news for our country.
He noted Bloomberg’s report marks a significant milestone for us and is a reflection of our journey towards progress.
He said the promise of Pakistan’s development appears to be coming true with the tireless efforts of the government and the cooperation of both the Pakistani and international business communities. He said this journey of progress will not stop now.
