Web desk: The globally recognised financial news outlet Bloomberg has praised Field Marshal Syed Asim Munir, stating that Pakistan’s economy is showing signs of stabilisation in a recent report on the nation’s financial situation.
The report highlighted that public confidence in the stock market has increased, signalling an end to years of economic uncertainty in Pakistan.
Additionally, two of the largest credit-rating agencies, S&P Global Ratings and Fitch, have upgraded Pakistan’s credit ratings. It noted that the prime minister’s improved fiscal management and ongoing reform initiatives as key factors in their decisions.
Bloomberg further credited Field Marshal Syed Asim Munir’s efforts to strengthen relations with the United States, which have helped boost investor confidence.
The extension of his tenure until 2030 is also seen as a positive development, creating greater expectations of stability within the country.
The report provided specific indicators of growth and investor activity. In October, the Pakistan Stock Exchange (PSE) recorded a daily turnover exceeding $200 million, while 36,000 new trading accounts were opened during the first quarter of this year.
Moreover, the number of small investors in the PSE has risen significantly. Bloomberg noted that the PSE 100 Index has surged by 40 per cent this year, reflecting renewed optimism among investors.
Overall, Bloomberg highlighted the end of years of uncertainty and the revival of public confidence in Pakistan’s financial markets.
The report emphasised that the combination of improved fiscal policies, strengthened international relations, and the leadership of Field Marshal Syed Asim Munir has contributed to the country’s renewed economic stability.
