In Super 8s stage, Pakistan lost to England, and New Zealand, only won against South Africa. They finished only behind England in Group E of Super 8s, reached to the semi-finals The semi-final for Pakistan was again with Australia, where they scored 191/6 with Umar Akmal's not out 56 runs. Australia had a good start, where Michael Hussey scored a match winning unbeaten 64 runs from just 24 balls. Australia scored 197/7 in 19.5 overs and won the match. With this match, Pakistan lost their defended World T20 title.
The 1992 Cricket World Cup in Australia and New Zealand marked Pakistan's first World Cup victory. It is remembered for the comeback Pakistan made after losing key players such as Waqar Younis and Saeed Anwar and being led by an injured captain Imran Khan. Pakistan lost 3 of their first 5 matches and were nearly eliminated in the first round of the tournament after being bowled out for 74 runs against England, until the match was declared as a "no result" due to rain. Imran Khan told the team to play like "cornered tigers", after which Pakistan won five successive matches, including the semi-final against hosts New Zealand and the final against England.