Pakistan, May 14 -- A leading global financial magazine, Barron's, has called Pakistan's recent economic progress a "miracle" in a detailed report. The magazine is part of the Wall Street Journal group and praised Pakistan's fast recovery from a near-default situation in 2022. It warned global investors that ignoring Pakistan now might be a mistake.

The report noted many positive changes in Pakistan's economy. The Karachi Stock Exchange index has tripled. Inflation, once near 40%, is now close to zero. Eurobond prices jumped from 40 cents to 80 cents. The financial firm Sandglass Capital believes Pakistan is now less risky for investment than before.

However, the report also highlighted ongoing challenges. It said that Pakistan still ha...