War hurt economic gains of Pakistan: PM Sharif

Prime Minister Shehbaz Sharif on Wednesday said that the US-Iran war has dealt a serious blow to Pakistan’s economic progress made over the past two years, as he asserted that his government will continue its efforts to help ease tensions between the two warring sides and restore peace in West Asia.

Noting that fuel prices in the global markets had risen sharply since the war started in February, he said, “Our weekly pre-war oil bill was around $300 million, and today it is up to $800 million”. Speaking during a Cabinet meeting, Shehbaz said a task force is monitoring the situation daily, Geo TV reported.

He said collective efforts are needed to tackle the challenges. Apprising the Cabinet about the progress made in the US-Iran talks and Pakistan’s efforts to ease tensions in the region.