Pakistan’s Prime Minister Shehbaz Sharif said the Middle East war has damaged two years of collective economic efforts. Speaking at a federal cabinet meeting, he said rising global oil prices have created an extraordinary financial situation for the country. The increase is directly impacting Pakistan’s economic stability and recovery plans. The prime minister noted that […]
Middle East war impact
Petrol prices rise due to Middle East war, says Sanaullah
Prime Minister’s Adviser Rana Sanaullah said on Friday that petrol and diesel price hikes result from the Middle East war. He added that the Pakistani government “has nothing to do with it,” affecting motorists, farmers, and transporters nationwide. Sanaullah stressed that global oil shocks forced the unprecedented 43% and 55% increases in petrol and high-speed […]
Middle East war turns Pakistan into trade hub
The ongoing war in the Middle East has positioned Pakistan as a key global trade and transshipment hub. Business reports indicate that Karachi, Port Qasim, and Gwadar ports are experiencing significant increases in activity. In just 24 days, Karachi Port handled transshipment volumes equivalent to an entire year, receiving 8,313 containers compared to 8,300 in […]