Pakistan's Economy Strained by US-Iran Conflict, Says PM Shehbaz Sharif
Pakistan Facing Major Economic Fallout Due To Iran War, Says PM Sharif
Ndtv
Image: Ndtv
Prime Minister Shehbaz Sharif of Pakistan stated that the ongoing US-Iran war has significantly impacted the country's economy, with oil import costs rising from $300 million to $800 million. He emphasized the need for diplomatic efforts to restore peace in West Asia and reported on Pakistan's role in facilitating talks between the two nations.
- 01Pakistan's oil import bill has surged dramatically due to the US-Iran conflict.
- 02The Prime Minister highlighted the importance of diplomatic efforts to ease tensions.
- 03A task force is actively monitoring the economic situation.
- 04Recent talks in Islamabad marked a significant diplomatic breakthrough.
- 05Pakistan is planning to host further negotiations between the US and Iran.
Advertisement
In-Article Ad
Prime Minister Shehbaz Sharif of Pakistan expressed concerns over the economic repercussions of the ongoing US-Iran war, stating that the country's oil import bill has escalated from $300 million to $800 million. During a Cabinet meeting, he emphasized the need for collective efforts to address these challenges and reported on Pakistan's active role in facilitating dialogue between the two nations. Sharif noted that a task force is monitoring the situation daily, and he highlighted the significance of the marathon talks held in Islamabad on April 11, which lasted for 21 hours and resulted in a diplomatic breakthrough. The Prime Minister mentioned that Iranian Foreign Minister Abbas Araghchi's recent visits to Pakistan were aimed at discussing the regional situation, and he expressed hope for a positive response from Iran regarding peace efforts. Sharif also announced plans for a second round of talks between the US and Iran, as the conflict continues to strain Pakistan's economy.
Advertisement
In-Article Ad
The rising oil import costs could lead to increased fuel prices in Pakistan, affecting consumers and businesses.
Advertisement
In-Article Ad
Reader Poll
How should the government address Pakistan's economic challenges due to the US-Iran war?
Connecting to poll...
Read the original article
Visit the source for the complete story.



