Pakistan posts largest drop in default risk Bloomberg

RajaRawal111

Prime Minister (20k+ posts)
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LAHORE (92 News) Pakistan’s default probability has dropped significantly during the last 12 months, said Bloomberg.

According to the American magazine, Pakistan’s default probability has dropped to 47 percent from 59 percent.

Economic stability, reforms, and improvement in the credit outlook by global financial institutions were the reasons behind the drop in Pakistan’s default probability, the magazine says.

Bloomberg points out that the decrease in Pakistan’s default probability is a reflection of the increasing confidence of investors.

In a statement, Adviser to the Finance Minister on Economic and Financial Reforms Khurram Shahzad said, citing Bloomberg Intelligence, that Pakistan has shown the greatest improvement in sovereign default risk.

Pakistan has achieved first place in the global ranking in terms of reduction in default risk, he added.

He stated that the drop in the probability of default from 59 percent to 47 percent during the last 12 months is due to the confidence of global investors.

 

Wake up Pak

(50k+ posts) بابائے فورم
KARACHI: The edible oil industry is on the brink of a major crisis due to a severe shortage of US dollars in commercial banks, which has led to delays in the clearance of import documents for edible oil shipments, warned Pakistan Vanaspati Manufacturers Association (PVMA) Chairman Sheikh Umer Rehan.
 

Wake up Pak

(50k+ posts) بابائے فورم
 

RajaRawal111

Prime Minister (20k+ posts)
تجھے یاد ہے دولے شاہ جب تیرے کھوتے کو چھپیڑیں مار کر نکالا گیا تھا - اس وقت تو اور سابقہ عشرت باجی (موجودہ مغل صاب) دونوں لائین میں بیٹھ کر کتنے ڈیفالٹ جلاب 🫢🫢🫢 کیا کرتے تھے -- تسلے بھر دیے تھے تم دونوں یتیموں نے

ویسے مغل صاب ہیں کدھر فوتگی تو نہیں ہو گئی ان کی
mughals
 

Islamabadiya

Chief Minister (5k+ posts)
تجھے یاد ہے دولے شاہ جب تیرے کھوتے کو چھپیڑیں مار کر نکالا گیا تھا - اس وقت تو اور سابقہ عشرت باجی (موجودہ مغل صاب) دونوں لائین میں بیٹھ کر کتنے ڈیفالٹ جلاب 🫢🫢🫢 کیا کرتے تھے -- تسلے بھر دیے تھے تم دونوں یتیموں نے

ویسے مغل صاب ہیں کدھر فوتگی تو نہیں ہو گئی ان کی
mughals

The enemies of Pakistan just can’t digest any good news coming from Pak

They are so jealous and butt hurt
 

RajaRawal111

Prime Minister (20k+ posts)
Doulay Shah kay chuhay RajaRawal111 yeah bata kay Pakistan ko default kay qareeb boot licker corrupt hakumat nay kaysay phounchaya?
تیرے سگے پیؤ شیخ رشید نے کہا تھا کہ تیرے دوسرے پیؤ عمران خان نے جان بوجھ کر بارودی سرنگیں بچائی تھیں کہ ملک دیوالیہ ہو جاۓ
اب تیرے سگے پیؤ کو میں کیسے جھوٹا کہوں یار


 

Wake up Pak

(50k+ posts) بابائے فورم
The economy is in recession, with all key sectors' growth contracted: 1.7% growth posted in 2Q, powered by agriculture and small-scale manufacturing. How did major crop production decline by 7.7%, but livestock grow by 6.5%? Similarly, the LSM is continuously posting negative growth, but small-scale and allied industries are posting growth. Similarly, the biggest variable in the services sector, retail & wholesale, also contracted. The services sector posted paltry growth due to 10% growth in Finance (thanks to record banking profits due to ultra-high interest rates). Key crop production declined by 7.7% in the second quarter, with cotton output falling by nearly 31% to 7.1 million bales, a reduction of 3.1 million bales. Rice production declined by 1.4% to 9.7 million tonnes, maize output fell by 15.4%, and sugarcane production decreased by 2.3% to 85.6 million tonnes. Minor crop output showed minimal growth of 0.7%. With huge red in the commodity producing sector, the economy is no doubt in recession.
While govt is never short of praising its shameful performance. This is the record consecutive third year when the economy is growing under 2%.
 

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