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Pakistan warns IMF Middle East oil shock could derail economic recovery
KARACHI: Pakistan’s Finance Minister Muhammad Aurangzeb this week told a visiting International Monetary Fund (IMF) delegation that volatility in global energy markets poses potential risks for the country’s economic recovery, as oil prices rise sharply amid the ongoing conflict between US, Israel and Iran in the Middle East. Oil prices rose sharply on Monday as US and Israeli attacks on Iran, as well as Tehran’s retaliatory strikes around the Gulf sent disruptions through the global energy supply chain.
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arabnews.com
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…
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dawn.com
With the Gulf lighting up, oil emerges as Pakistan’s biggest economic risk
Even if the US-Iran conflict lasts only a few days and does not turn into a prolonged war, heightened regional risk can weigh on financial flows.
