Pakistan’s Growth Strategy Faces Major Setback as Middle East Conflict Triggers Oil Shock and Economic Pressure
Pakistan’s economic recovery plans are under pressure after the prolonged US-Iran conflict disrupted global energy markets, raised oil prices, and threatened inflation, exports, and currency stability. Policymakers are now being urged to accelerate austerity reforms, widen the tax base, and push investment-led growth.
HBL Manufacturing PMI Falls to 49.9 as Middle East Conflict Triggers Stagflationary Pressures in Pakistan
Pakistan’s manufacturing sector enters contraction for the first time since 2025 as the HBL PMI hits 49.9, driven by surging fuel costs and the US-Iran war.
Prime Minister Shehbaz Sharif Announces Massive Petrol Levy Reduction Amid Global Energy Crisis
PM Shehbaz Sharif slashes petrol levy by Rs80 per litre to provide relief as Pakistan navigates a fuel crunch caused by the Middle East conflict and rising global prices.
Barrick Gold Postpones Reko Diq Copper and Gold Project Amid Security Volatility
Barrick Gold is slowing development of its massive Reko Diq project in Pakistan citing rising regional tensions and security concerns in Balochistan province.
Bank of England Pauses Interest Rates at 3.75 Percent Amid Middle East Conflict
The Bank of England holds interest rates steady as Governor Andrew Bailey warns that the U.S.-Israel-Iran conflict could push inflation to 3.5 percent this summer.