New Delhi, March 25 (IANS) Experts have warned that Pakistan’s economy remains highly vulnerable to global shocks due to its heavy reliance on imported fuel, weak external finances, and limited fiscal space, cautioning that the situation could worsen without urgent structural reforms.However, they said that the government’s decision to sharply raise the petroleum levy on high-octane fuel is being seen as a move with some fiscal logic, as it targets a product largely used by luxury and high-p…
Latest Global shocks News & Updates
Mumbai, March 17 (IANS) Pakistan’s recent signs of economic stability are now under fresh pressure as rising tensions in the Middle East threaten to disrupt its fragile recovery, a report has said. The escalation involving the United States, Israel and Iran has raised concerns over the country’s heavy dependence on the Gulf region for energy, remittances and financial support, according to The News International report.In recent months, Pakistan had shown improvement in key economic indicato…