Bloomberg attributes renewed stability in Pakistan’s economy to Field Marshal’s efforts

ISLAMABAD: After years of prolonged uncertainty, Pakistan’s economic landscape is showing signs of stabilisation, according to a new report published by global financial magazine Bloomberg. The report notes increasing public confidence in financial markets and a series of improvements in the country’s economic indicators, and attributes the growth to the efforts of Field Marshal as well.

According to Bloomberg, Pakistan’s stock market has experienced a notable resurgence as investor sentiment strengthens. The publication cites improved credit ratings from both S&P Global Ratings and Fitch, which attributed their upgraded outlooks to what they described as the Prime Minister’s strengthened fiscal management and ongoing economic reforms.

The report also highlights the role of Field Marshal Syed Asim Munir, stating that his efforts to enhance Pakistan’s relations with the United States have contributed to bolstering investor confidence. Bloomberg adds that the extension of his term until 2030 has further fueled expectations of long-term political and economic stability.

Market activity has surged as well. In the first quarter of the year, 36,000 new trading accounts were opened, signaling a rise in participation from small investors. October alone saw daily turnover at the Pakistan Stock Exchange surpass the $200 million mark.

Overall, Bloomberg reports that the Pakistan Stock Exchange’s benchmark KSE-100 Index has climbed 40 per cent this year, an indicator of renewed optimism and a potential turning point for the country’s financial trajectory.