Signals to watch, not forecasts. A signal near a threshold means an indicator sits close to a published line that has historically preceded stress — not a prediction that stress will follow. Every line here is a real, cited benchmark; steady and improving signals are shown alongside the warnings.
Public finance
Debt service, share of budget
Alertsteady
threshold: ~40% strain line42.9%
Debt servicing (₨8.05tn) alone exceeds defense and development spending combined — the single largest claim on the federal budget.
If the line is crossed
As the ratio climbs, less is left for health, education and development regardless of who governs — a structural squeeze, not a cyclical one.
Economy
Inflation vs. target band
Alertimproving
threshold: 7% target ceiling11.1%
Above the State Bank's 5–7% medium-term target band — though easing for a second consecutive month.
If the line is crossed
Staying above band keeps interest rates higher for longer, throttling the fragile growth recovery.
Safety
Militant violence trend
Alertworsening
threshold: 2024 level699 attacks (2025)
The deadliest year in roughly a decade — up 34% on 2024 and heavily concentrated in KP and Balochistan.
If the line is crossed
A sustained upward trend strains the security and fiscal balance at once and deters the investment the recovery needs.
Environment
Monsoon / flood risk
Alertworsening
Qualitative signal — no single numeric threshold applies.
An active flood emergency (47+ dead) with the Aug–Sep climatological peak still ahead; forecasters warn of above-normal rainfall.
If the line is crossed
A repeat of 2022-scale flooding would swamp the fiscal recovery and displace millions — the single largest tail risk to this year's progress.
Economy
Reserve import cover
Watchimproving
threshold: 3-mo floor≈3.3 months
Just above the IMF's 3-month reserve-adequacy floor and rising as reserves rebuild — a thin buffer, no longer a critical one.
If the line is crossed
Under ~3 months of import cover is the zone that preceded the 2022–23 balance-of-payments crisis.
Cost of living
Food-price acceleration
Watchworsening
threshold: 10% line9.4% YoY
Below the 10% line but re-accelerating month-on-month (+0.96%), led by wheat (+64.7%) and onions (+60%).
If the line is crossed
Food-price acceleration hits the poorest households hardest and feeds directly into the stunting drivers.
Health
Polio toward elimination
Watchimproving
3 now · 74 in 2024 · goal 0
Down from 74 cases in 2024 and close to the finish line — but eradication means zero, and past cycles have rebounded from single digits.
If the line is crossed
Any resurgence can reverse years of gains and reimpose international travel restrictions on Pakistani passport holders.
Economy
Rupee stability
Steadysteady
Qualitative signal — no single numeric threshold applies.
The rupee has firmed over the past year. The counter-signal to watch is the opposite risk — independent analysis puts the real effective exchange rate at a 7-year high, which pressures exporters.
If the line is crossed
A REER-driven correction or a renewed import surge could reverse the current calm quickly — stability today is not the same as durability.
shaded = danger side of the thresholdthe threshold line