Pakistani economic crisis (2022–2024)

Pakistan experienced an economic crisis as part of the 2022 political unrest. It caused severe economic challenges for months, causing food, gas and oil prices to rise. As of 1 April 2025, Pakistan's inflation rate was recorded at 0.7%, the lowest in 30 years.

The Russian invasion of Ukraine has caused fuel prices to rise worldwide. Excessive external borrowing by the country over the years raised the spectre of default, causing the currency to fall and making imports more expensive in relative terms. By June 2022, inflation was at an all-time high, along with rising food prices.

Poor governance and low productivity per capita in comparison with other low to middle-income developing countries have contributed to a balance of payment crisis, where the country is unable to earn enough foreign exchange to fund the imports that it consumes. Pakistan's economic crisis served as the biggest crisis since its independence.

As of 2025, the Pakistani economy is showing signs of gradual macroeconomic recovery. On 1 March 2025, it was reported that the YoY headline inflation slowed to 1.5%, the lowest since 10 years as a result of a high base effect, declining global commodity and energy prices, a stable exchange rate, and a tight monetary policy.