Pakistan faces up to $68 bn economic hit if Middle East war escalates: Report

IANS | May 7, 2026 6:23 PM

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.