Pakistan faces economic strain; oil surge drives inflation toward 11%

May 3, 2026 - 14:00
Pakistan faces economic strain; oil surge drives inflation toward 11%

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Pakistan's economy faces sustained pressure with double-digit inflation likely to persist due to surging global oil prices amid the Middle East crisis. Rising energy costs and regional instability are projected to slow GDP growth and widen the current account deficit, impacting the stock market and currency.

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