Pakistan’s position on the Fragile States Index has improved significantly since 2015, but the gains of the past decade are now being eroded. The 2024 score of 91.7 and the reclassification from High Warning to Alert are sobering signals that the country’s underlying vulnerabilities – economic fragility, governance deficits, unresolved regional grievances, and an over‑reliance on security measures – remain deeply entrenched.

Navigating the Future: Key Insights from the Pakistan Financial Stability Review (2026)

The SBP is aggressively promoting digital financial services to improve efficiency and reduce cash handling.

Pakistan’s journey on the Fragile States Index is not a story of sudden collapse, but rather one of persistent, high‑level vulnerability punctuated by occasional improvements and recent reversals.

: Increasing "Food, Seed, and Industrial" (FSI) usage, particularly for wheat, is forecast to rise due to population growth, placing additional pressure on domestic supply chains. Security and "Fragile States" Assessment