Oil Shock Could Cost Pakistan 1.5% of GDP, Experts Warn

Experts predict that an oil shock could cost Pakistan 1.5% of its GDP, with the external sector potentially facing a $12-14 billion shock over the next year, and the IMF possibly demanding deeper concessions.

15 Mar, 02:36 — 15 Mar, 02:36

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DawnMostly Factual27d ago

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 former finance minister Hafiz Pasha. The most crit...

By none@none.com (Fatima S Attarwala)

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Oil Shock Could Cost Pakistan 1.5% of GDP, Experts Warn

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Oil shock may cost Pakistan 1.5pc of GDP: experts

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