Pakistan has recorded one of the biggest drops in default risk among emerging economies, ranking second globally after Türkiye, according to a Bloomberg report cited by APP. The data shows Pakistan’s default risk improved by 2,200 basis points from June 2024 to September 2025, marking steady progress every quarter. Economists attribute this positive trend to stronger economic stability, structural reforms, timely debt repayments, and compliance with the IMF program. Improved ratings from S&P, Fitch, and Moody’s also reflect renewed investor confidence, signaling Pakistan’s transition toward a more stable and resilient economy.