Pakistan Imposes Emergency Austerity as Oil Crisis Deepens Amidst Iran War Tensions

Pakistan orders sweeping emergency austerity and fuel conservation measures as a disruption in oil and gas supply caused by the United States-Israel war on Iran triggers an oil crisis, prompting the government to implement drastic measures to mitigate the economic impact. The measures aim to reduce consumption of fossil fuels and minimize inflationary pressures. Pakistan's currency has also weakened against other major currencies due to the crisis.