Dubai June 28 2026: As per the latest data posted by Bloomberg Intelligence, Pakistan stands out globally as the most improved economy in terms of reduction in sovereign default risk, as measured by CDS-implied probability.
Pakistan topped Global EM Rankings in Default Risk Reduction, as the country has recorded the largest drop in sovereign default risk globally over the last 12 months: – Default probability down from 59% to 47%, a massive 1,100 basis points improvement.
This marks the sharpest decline among major emerging markets, ahead of Argentina (-7%), Tunisia (-4%), and Nigeria (-5%). – In contrast, countries like Turkey, Ecuador, Egypt, and Gabon have seen their default risks rise.
“This sharp decline in Pakistan’s risk signals renewed investor confidence fueled by Macroeconomic stabilization, Structural reforms, Successful IMF engagement & timely debt repayments, Improved credit outlooks by S&P, Fitch, and others” states Advisor to PM Khurram Schehzad in its social media post.
“This is a resounding signal to global investors: Pakistan is not only back on the map—it is moving forward with stability, credibility, and reform at its core” khurram Added.
