Pakistan, Oct. 5 -- Advisor to the Finance Minister, Khurram Schehzad, on Sunday said that in a remarkable shift, Pakistan has emerged as one of the top-performing countries in terms of reducing its default risk, recording one of the sharpest declines globally.

As per the latest data posted by Bloomberg, Pakistan stands out globally as the 2nd most improved economy in terms of reduction in sovereign default risk, as measured by CDS-implied default probability globally, he posted on social media site X.

He said that Pakistan stood 2nd only to Turkey in Global Emerging Market (EM) Rankings in Default Risk Reduction, as the country has recorded one of the sharpest drops in sovereign default risk globally over the last 15 months (since Jun-...