Pakistan, May 14 -- Despite growing tensions with India, Pakistan's economy has shown a remarkable recovery, with annual inflation falling from over 40% to nearly zero, according to a report by Barron's, a renowned US financial magazine. The publication described Pakistan's turnaround as an "economic miracle," highlighting the surge in Eurobonds maturing in 2031 - rising from 40 cents on the dollar to 80 cents. Meanwhile, the KSE-100 index has nearly tripled, showing growing investor confidence.
This economic revival follows a key agreement with the International Monetary Fund (IMF) signed in September. Under the deal, Pakistan secured a $7 billion Extended Fund Facility (EFF), of which over $2 billion has already been disbursed.
Barron...
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