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Rising oil prices, remittance risks threaten Pakistan’s fragile economy
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In Pakistan, which is almost entirely dependent on oil imports for transport and energy, society has nearly come to a standstill. Schools are closed and are teaching online. Offices are operating at half capacity and shopkeepers are sitting in the dark to save electricity. The war in the Middle East is bad news for the already fragile Pakistani economy. Almost everyone fears for their job. Maya Zeman (32) can no longer handle the tension. She wa…
Rising oil prices, remittance risks threaten Pakistan’s fragile economy
Pakistan’s fragile economic recovery is facing renewed headwinds as conflict in the Middle East sends shockwaves through global energy markets, inflation trajectories and external financing flows. With oil prices hovering above $100 per barrel and disruptions around the strategic Strait of Hormuz driving up energy costs, policymakers warn that the cumulative impact could deepen vulnerabilities already exposed by structural imbalances and limited…
PIDE Warns Oil Shock Threatens Pakistan’s Fiscal Stability - Global News Pakistan
Islamabad (GNP) – Pakistan Institute of Development Economics (PIDE) has released a new policy viewpoint titled Managing Oil Shocks: Pakistan’s Fiscal Risks and Policy Choices, authored by Dr. Nasir Iqbal, Registrar/Professor of Economics at PIDE; Dr. Shahzada M. Naeem Nawaz, Professor of Economics at PIDE; and Amna Riaz, Research Economist at PIDE, warning that rising global oil prices pose a serious threat to Pakistan’s fiscal stability and on…
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