Middle East Tensions May Shake Pakistan’s Economy, Experts Warn

Pakistan may lose $3-4 billion in remittances amid Middle East tensions

The Pakistan Institute of Development Economics (PIDE) has warned that rising tensions in the Middle East could lead to a decline of $3–4 billion annually in Pakistan’s remittances. Employment opportunities and remittances from abroad are expected to decrease. According to the report, around 6 million Pakistanis are working in the Middle East, and annually 700,000–800,000 Pakistanis migrate to Gulf countries for employment. If the conflict conti…

PIDE warns Middle East conflict could hit remittances - Global News Pakistan

Islamabad (GNP) : – Pakistan Institute of Development Economics (PIDE) has released a new policy brief highlighting the potential economic and labour market consequences of the ongoing Middle East conflict for Pakistan. The study, titled “The Middle East Conflict and Its Implications for Pakistani Migrant Workers,” authored by Dr. Shujaat Farooq, Professor of Economics and Dean of Research at PIDE, warns that prolonged instability in the region …

Pakistan Economy Crisis: Rising Oil Prices And Middle East Conflict Impact

The Pakistani economy is facing a significant threat due to escalating tensions in the Middle East and volatility in global energy markets. 5%. According to economic experts, a conflict lasting more than six months could lead to a severe crisis, with Pakistan potentially facing a total economic loss of $12 billion to $14 billion in the coming fiscal year. The primary drivers of this downturn include a projected 25% to 30% increase in the petrole…

Middle East tensions may shake Pakistan’s economy, experts warn

Economists have warned that escalating tensions in the Middle East involving Iran, the United States, and Israel could pose serious economic risks for Pakistan. Rising oil prices, higher inflation, and possible disruptions in trade and remittances were highlighted as major concerns during a policy webinar on the regional crisis. The discussion, titled “Iran–U.S.–Israel War Fallout on Pakistan’s Economy,” was organized by the Pakistan Economics F…

Middle East conflict may threaten Pakistan’s remittance outlook: PIAF

DNA ISLAMABAD: The Pakistan Industrial and Traders Associations Front (PIAF) has expressed concern that a prolonged conflict in the Middle East could pose risks to Pakistan’s projected remittance inflows for the current fiscal year, warning that any disruption in expatriate employment in Gulf countries would directly affect the country’s external financial stability. PIAF Chairman Faheemur Rehman Saigol said that Pakistan relies heavily on overs…