Prime Minister Shehbaz Sharif said the ongoing conflict in the Middle East has dealt a serious blow to Pakistan’s economic progress made over the past two years. Addressing a federal cabinet meeting on Wednesday, the premier said that the conflict has triggered a sharp rise in global oil prices, creating an extraordinary situation in international markets. He added that Brent crude prices have surged to $114.64 per barrel.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Global lenders secure $3.5bn debt package for Reko Diq

In a major boost for Pakistan’s biggest mining scheme, half of the…

Taliban govt is not ‘representative and inclusive’: EU

On Monday, an EU spokesperson said that the caretaker government in Afghanistan…

Journalist’s Union challanges PECA in IHC

It emerged that the Pakistan Federal Union of Journalists (PFUJ) on Tuesday…

NATO schedules meeting with Russia about Ukraine

Brussels: It emerged on Tuesday that the NATO Secretary-General Jens Stoltenberg had…