Tag: Global Oil Prices

Their War, Our Bills: How Global Conflict Hits Pakistan’s Economy

Nadeem Ali
Pakistan’s economy faces rising costs and interest rates amid global conflict

Pakistan’s Interest Rates, Rising Costs and the Economic Impact of the Middle East Conflict (By: A. Rehman Patel) War usually appears on a map. Its consequences eventually show up in household budgets, business expenses and the cost of borrowing. On October 26, Pakistan’s central bank raised its policy rate to 12 percent amid inflation concerns and economic pressures linked to the Middle East conflict. The decision highlights a difficult reality: although Pakistan does not control global oil prices or regional conflicts, their economic consequences can reach millions of ordinary citizens.…

Read More

Gulf Conflicts and Their Impact on Pakistan’s Economy

Muhammad Mohsin Iqbal

The Gulf’s Conflicts and Their Cost to Pakistan by Muhammad Mohsin Iqbal: Throughout the long and often turbulent history of the Gulf, the states of that vital region have repeatedly been plunged into the furnace of war, with consequences that have reverberated far beyond their shores and touched the lives of distant peoples dependent upon the free passage of oil. The Iran-Iraq conflict that erupted in nineteen-eighty, Iraq’s brazen invasion of Kuwait a decade later, the subsequent American-led campaign to liberate that small sheikhdom, the invasion of Iraq itself in…

Read More