Asia Business World

Pakistan fuel prices soar 50%

Pakistan fuel prices soar 50%

Pakistan, which is heavily dependent on energy supplies from the Gulf, is paying a heavy price for the blockade of the Strait of Hormuz.

The economic fallout has forced the government to seek emergency measures, including a deal with Iran to move 20 ships through the vital waterway, though its execution remains uncertain.

As inflation spikes, domestic workers and vulnerable populations are bearing the brunt of rising costs for basic necessities like LPG and food.

The crisis highlights the profound global impact of the conflict on nations far removed from the direct theater of war.