Pakistan in June 2026: the most important developments in economy
Pakistan's economy in June 2026 was shaped by energy supply problems in the Gulf. On June 30 the country was paying a premium for an urgent cargo of liquefied natural gas as turmoil in the Gulf disrupted supplies and crude oil prices rose. Earlier in the month, amid the US-Iran war, the government ordered markets in Islamabad to close by 8 pm as part of measures to address an energy crisis, and power outages disrupted Karachi's water supply for a third straight day. A survey found that up to 80 percent of foreign-backed firms had delayed investment plans in Pakistan during the Middle East war.
Oil prices slid on June 14 after Pakistan announced a deal between the United States and Iran, and a memorandum of understanding was signed in Islamabad. On June 18 the prime minister ordered a cut in fuel prices to pass on lower global costs to consumers. The IMF warned on June 16 that energy recovery would take time after the war, while Defence Minister Khawaja Asif said the economy had left the intensive care unit.
The budget for 2026-27, mandated by the IMF, squeezes development spending. The Asian Development Bank approved a $700 million loan to support Pakistan's insurance sector on June 18. Pakistan launched savings certificates in riyal and dirham, the first joint venture between Chinese and Pakistani financial partners was listed on the stock exchange, and the government considered scrapping fees on electric cars.
by WorldBrief & Maksim Micheliov | AI-generated summary
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