Latest Policy Research Institute of Market Economy (PRIME) News & Updates

Pakistan’s Economy Could Suffer $68 Billion Shock Due to Middle East Conflict

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New Delhi, May 7 (IANS) Pakistan could face an economic shock of up to $68 billion if the conflict in the Middle East persists and the Strait of Hormuz remains closed for an extended period, according to a presentation by the Policy Research Institute of Market Economy (PRIME) to the National Assembly Standing Committee on Finance.The report cited by Business Recorder outlined three possible scenarios to assess the economic fallout of the war on Pakistan.In the first scenario, where hostilities …