Pakistan’s inflation accelerated to a two-year high as conflict in the Middle East drove up energy import costs.

Pakistan aims to grow at a slightly faster pace in the financial year starting July even as the crude price shock from the Middle East war clouds the outlook for the nation, which continues to rely on support from the International Monetary Fund.

A historic energy crunch is pushing ordinary citizens to find their own fixes as temperatures rise.

Pakistan’s trade deficit increased to nearly four-year high adding strain to the fragile economy and thin foreign exchange reserves.

Pakistan issued a heat wave warning for parts of the country, which threatens to strain the power grid and risks further blackouts, as the nation grapples with energy shortages due to the conflict in the Middle East.

Pakistan’s central bank raised its benchmark interest rate for the first time in almost three years, hiking it more than economists expected, as conflict in the Middle East disrupts energy supplies and fuels inflation.

The US and Iran failed to kick off a second round of peace talks this weekend despite a last-minute push by Pakistan, delivering a blow to Islamabad’s efforts to broker a settlement to end the two-month-old war.

Businesses and residents in Pakistan’s capital are growing frustrated with the city’s weeks-long lockdown of roads, schools and offices as authorities continue to keep security restrictions in place in the hope of hosting further US-Iran peace talks.

Pakistan has received the final $1 billion tranche of a $3 billion support package from Saudi Arabia, shoring up the South Asian nation’s foreign exchange reserves after the UAE declined to rollover its debt.

Electricity has become a luxury for Mohammad Rizwan.

Pakistan is expecting a streak of power outages as the war in the Middle East chokes its supplies of liquefied natural gas, just as it prepares to host the next round of peace talks between Iran and the US.

Pakistan’s government is planning to handover the control of its national carrier to the Arif Habib Group-led consortium by the end of this month, as the South Asian nation moves to meet a key International monetary Fund condition of selling its stakes in state-owned firms.

Pakistan’s government is planning to handover the control of its national carrier to the Arif Habib Group-led consortium by the end of this month, as the South Asian nation moves to meet a key International monetary Fund condition of selling its stakes in state-owned firms.

Pakistan is in discussions with Saudi Arabia and China for financial support to compensate for a loan of about $3 billion that Islamabad will be forced to pay back to the United Arab Emirates, people familiar with the matter said.

US and Iran have confirmed participation for peace talks in Islamabad on Friday as global efforts mount for a permanent agreement to end the war in the Middle East after a two week ceasefire, according to Pakistan’s Prime Minister Shehbaz Sharif.

Pakistan’s economy, already under strain from soaring oil prices, is facing a new setback after it failed to reach agreement with the United Arab Emirates to roll over $3 billion in debt for the first time in seven years.

Pakistan’s inflation accelerated in March, with fuel prices going up due to the war in the Middle East.

Pakistan reached an initial agreement with the International Monetary Fund to unlock about $1.2 billion from a $7 billion bailout program, as geopolitical risks from the conflict in the Middle East threaten to upend its economic recovery.

Pakistan reached an initial agreement with the International Monetary Fund to unlock about $1.2 billion from a $7 billion bailout program, as geopolitical risks from the conflict in the Middle East threaten to upend its economic recovery.

Pakistan has ordered fans of its top cricket tournament to stay home and watch matches on television to conserve fuel as disruptions from the Middle East war continue to batter the South Asian nation’s economy.