Impact of US-Iran tension, Pakistan suffers loss of Rs 200 billion! Crores of people may become poor; claim in report

Pakistan Energy And Economic Crisis 2026: Pakistan is currently struggling with increasing economic pressure. The ongoing tension between America and Iran is now affecting the energy supply across the world, due to which oil and gas have become expensive and the burden on Pakistan’s already weak economy has increased further. ‘The News International’ According to the report, the Pakistan government is making diplomatic efforts to handle the situation and is trying to reduce the tension, but no concrete solution has been found yet.

Due to the uncertainty of the situation and blockage of vital routes like the Strait of Hormuz, fuel supplies remain short and prices high. Its biggest impact is on those countries of Asia which are dependent on outside countries for energy.

Pakistan’s condition is bad

Pakistan, which is largely dependent on imported fuel, has seen prices rise significantly in recent weeks. There is some relief now, but the situation is still unstable and if tension continues, prices may rise again. Its effect is now visible on the entire energy system. There are complaints of power cuts and gas shortage in many parts of the country. The effect of expensive fuel is now visible on people’s electricity bills as well. The electricity regulator is preparing to charge an increase of Rs 1.42 per unit under the February fuel adjustment.

Loss of Rs 200 billion

Experts say that if this crisis continues till summer, when the demand for electricity is high, then the burden on people may increase further. Questions are also being raised on the steps the government is taking to save energy. Chainstore Association of Pakistan says the early closure of stores has resulted in a loss of business worth around Rs 200 billion in just two weeks.

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Crores of people may become poor again – report

According to the report, they also say that organized retail shops are suffering more losses, while small and informal markets are not being affected so much, due to which there is no equality and real savings are also not being achieved. Overall, the economic situation of the country remains worrying.

According to the United Nations Development Programme, the crisis could push more than 30 million people back into poverty, especially as fuel and fertilizer are in short supply during critical periods of farming. Experts believe that even if the conflict ends now, its economic effects may last for a long time.

With agency input…