Pakistani Economic Crisis (2022–2024)
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Pakistani Economic Crisis (2022–2024)
Pakistan experienced an economic crisis as part of the 2022–2023 Pakistan political unrest, 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 2022 Russian invasion of Ukraine, 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 payments, balance of payment crisis, where the country is unable to earn enough Foreign exchange reserves, foreign exchange to fund the imports that it consumes. Pakistan's economic cri ...
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Russian Invasion Of Ukraine
On 24 February 2022, , starting the largest and deadliest war in Europe since World War II, in a major escalation of the Russo-Ukrainian War, conflict between the two countries which began in 2014. The fighting has caused hundreds of thousands of Casualties of the Russo-Ukrainian War, military casualties and tens of thousands of Ukrainian Attacks on civilians in the Russian invasion of Ukraine, civilian casualties. As of 2025, Russian troops Russian-occupied territories of Ukraine, occupy about 20% of Ukraine. From a population of 41 million, about 8 million Ukrainians had been internally displaced and more than 8.2 million Ukrainian refugee crisis, had fled the country by April 2023, creating Europe's List of largest refugee crises, largest refugee crisis since World War II. In late 2021, Russia Prelude to the Russian invasion of Ukraine, massed troops near Ukraine's borders and December 2021 Russian ultimatum to NATO, issued demands to the Western world, West i ...
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