Economic Times30/4/2026BusinessIndia
Pakistan PM Warns US-Iran Conflict Has Reversed Two Years of Economic Progress
Oil import bill surges from $300 million to $800 million as Pakistan grapples with escalating regional tensions and mounting debt crisis
En resumen
- Pakistan Prime Minister Shehbaz Sharif warned that the US-Iran conflict has caused the country's oil import bill to surge from $300 million to $800 million, reversing two years of economic progress.
- Despite the economic strain, Pakistan continues diplomatic mediation efforts, having hosted 21-hour US-Iran talks on April 11 and preparing for a second round.
- The country faces a deepening debt crisis with reserves of $16.4 billion and $3-3.5 billion in repayments due to UAE alone.
Resumen generado por IA
Tamaño de fuente
Pakistan Prime Minister Shehbaz Sharif warned that the US-Iran conflict has caused the country's oil import bill to surge from $300 million to $800 million, reversing two years of economic progress. Despite the economic strain, Pakistan continues diplomatic mediation efforts, having hosted 21-hour US-Iran talks on April 11 and preparing for a second round. The country faces a deepening debt crisis with reserves of $16.4 billion and $3-3.5 billion in repayments due to UAE alone.
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This article was originally published by Economic Times.
