TODAY’S PAPER | October 27, 2025 | EPAPER

PM welcomes report citing rise in investor confidence

'This is great news for our economy,' said PM Shehbaz Sharif


APP October 07, 2025 Less than a minute read
Prime Minister Shehbaz Sharif. Photo: File

ISLAMABAD:

Prime Minister Muhammad Shehbaz Sharif on Monday welcomed Bloomberg's recent positive report on Pakistan's economy, saying 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 economic outlook.

According to the report, there has been a significant reduction of 2,200 basis points in the default risk implied in Pakistan's CDS, a press statement issued by the Prime Minister's Office said.

Pakistan is now the second-ranked country among emerging economies, following Turkiye, in the global rankings. "This is great news for our economy," the prime minister said, adding that at the end of the previous government's tenure, the country was on the brink of default.

He said today's report was a crucial milestone and a reflection of the government's journey towards progress.

"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," the prime minister said. He stressed that this journey of progress would not stop.

COMMENTS (1)

FAM | 2 weeks ago | Reply It is deeply discouraging as a member of Pakistan s salaried class to witness the pervasive corruption and routine disregard for merit that plagues our institutions especially in Sindh. Pakistan s systemic corruption and connivance between politicians and the military have dashed future hopes and made daily life increasingly difficult. Instead of genuine meritocracy this alliance has entrenched a climate of corruption and paths for meaningful progress are routinely obstructed. Not only have incomes continued to erode but even basic safety and economic stability are increasingly out of reach for ordinary citizens
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