Pakistan’s fragile economic recovery faces risk as Iran conflict raises escalation fears

KARACHI: Pakistan’s fragile economic recovery could come under pressure if Israel-US strikes on Iran escalate into a wider regional conflict, threatening oil supplies and remittance flows vital to the country’s balance of payments, officials and independent economists said on Saturday. The United States and Israel struck Iran following weeks of rising tensions, while Pakistan has also faced renewed border clashes with Afghanistan in recent weeks.

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