The ongoing conflict in the Middle East has raised significant concerns for Pakistan's economy, particularly regarding oil supply and remittances. Brent crude prices have climbed sharply, with analysts warning they could reach $90-100 per barrel if hostilities continue. The situation is exacerbated by fears of disruptions in the Strait of Hormuz, a critical route for global oil trade. Inflation in Pakistan has begun to rise again, with February figures reaching around 7%, and the trade deficit has widened to approximately $25 billion in recent months, highlighting the urgency for strategic economic responses.
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Pakistan Economy Faces Oil Price Surge Amid Middle East Conflict
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Escalating tensions in the Middle East, particularly due to US and Israeli strikes on Iran, threaten Pakistan's economy with rising oil prices and inflation. Brent crude prices have surged, and the Federation of Pakistan Chambers of Commerce and Industry urges emergency measures to mitigate impacts…
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