PM Shehbaz expresses satisfaction over Bloomberg report on Pakistan’s economy

Islamabad (Web Desk): Prime Minister Shehbaz Sharif on Monday expressed satisfaction over Bloomberg’s latest review of Pakistan’s economic performance, saying the decline in the country’s Credit Default Swap (CDS) rate was a strong indicator of renewed confidence from global investors.

A press release from the Prime Minister’s Office highlighted Bloomberg’s findings, noting that Pakistan’s CDS had recorded an impressive reduction of 2,200 basis points, reflecting a major drop in the perceived default risk.

The prime minister remarked that Pakistan now stands second among emerging markets—right after Turkiye—an encouraging development for the national economy.

 He recalled that when the previous administration completed its term, the country had been on the verge of default, but the new report signaled that Pakistan had regained economic stability.

Calling the latest report a significant step forward, PM Shehbaz said it mirrored his government’s progress toward sustainable growth. He credited the achievement to the tireless efforts of his administration and the collaboration of both local and international business sectors.

“With the relentless efforts of the Government of Pakistan and the cooperation of both the Pakistani and global business communities, the promise of Pakistan’s development is now on track,” he said.

PM Shehbaz stressed that this journey of progress will never halt.