Pakistan’s recent economic indicators, particularly the sharp drop in its default risk and consistent improvement in financial stability, mark a long-awaited shift in narrative. For once, the headlines are not about crisis management but about cautious recovery, a testament to the disciplined fiscal measures and course corrections that have been painfully, yet necessarily, implemented over the past year.

The significance of this achievement should not be understated. After months of speculation and doomsday predictions, Pakistan has managed to instil a degree of confidence in........

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