Oil shock may cost Pakistan 1.5pc of GDP: experts

Oil shock may cost Pakistan 1.5pc of GDP: experts

• External sector may face $12-14bn shock over next year, warns Hafiz Pasha• Ex-SBP chief Ishrat insists daily fuel price adjustments may cut hoarding incentives• IMF may use crisis to demand deeper concessions, says Kaiser Bengali KARACHI: If the war continues and oil prices remain around $100 or higher, Pakistan could face a GDP hit of 1.0 to 1.5 per cent, a figure that may worsen if the regional conflict persists beyond six months, warns form…

Oil shock from ME war may cost Pakistan up to 1.5% of GDP, warns BMP

Anjum Nisar says economic structure vulnerable to fluctuations in global energy markets ISLAMABAD, MAR 15 /DNA/ – The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) has warned that rising global oil prices amid escalating regional tensions could pose serious risks for Pakistan’s fragile economic recovery and may significantly increase pressure on the country’s external sector. BMP Chairman and former FPCCI pre…