Islamabad: A recent report by global financial journal Bloomberg has revealed that Pakistan’s default risk has significantly decreased over the past 12 months, which is a clear indication of the country’s economic stability and reforms.
According to the report, Pakistan’s probability of default has decreased from 59 percent to 47 percent, which is a significant improvement over the previous year.
Bloomberg has said in the report that the improvement in Pakistan’s credit outlook by global financial institutions has played a significant role in the reduction in default risk.