Pakistan faces an economic crisis as Middle East conflict drives Inflation & austerity.

The escalating conflict in the Middle East is having global consequences, with Pakistan now facing serious economic challenges. In a national address ahead of Eid al-Fitr, Pakistan’s Prime Minister announced strict austerity measures as rising oil prices and regional instability strain the country’s fragile economy. This video covers: Salary cuts for government employees and parliamentarians Reduction in government spending and vehicle usage School closures and energy-saving measures Public frustration over inflation and rising costs Pakistan’s dependence on Gulf oil imports The potential impact of disruptions in the Strait of Hormuz As tensions continue, many Pakistanis fear worsening economic conditions in the weeks ahead. #pakistan #EconomicCrisis #Inflation #MiddleEast #OilPrices #BreakingNews #worldnewsindia Subscribe to our channel: http://bit.ly/AJSubscribe Follow us on X : https://twitter.com/AJEnglish Find us on Facebook: https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ Download AJE Mobile App: https://aje.news/AJEMobile ⏱️ Timestamps 00:00 Overview of economic impact 00:40 Government announces austerity measures 01:30 Salary cuts and spending reductions 02:20 Energy-saving measures and school closures 03:10 Public reaction and Eid struggles 04:10 Oil dependency and global risks 05:00 What happens next